Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #302 | December 16, 2020

We only have ten articles in this week’s news digest, but every one of them is worth reading!  Have a great rest of the week!

This Week's News

Covia Announces Court Confirmation of its Plan of Reorganization

Covia today announced the United States Bankruptcy Court for the Southern District of Texas, Houston Division, confirmed its Plan of Reorganization. The confirmation order marks a key milestone in the Company’s reorganization...

Covia, Creditors Compromise On Ch. 11 Plan

Minerals company Covia ended a contested Chapter 11 plan confirmation hearing in a Texas bankruptcy court on Friday by compromising with its unsecured creditors, clearing the way for approval of its $1 billion debt swap plan on Monday...

CEO who profited as Hi-Crush spiraled departs as company exits bankruptcy

Robert Rasmus, the founder of oilfield services firm Hi-Crush Inc who profited as the business spiraled into bankruptcy, lost his positions at the firm in a recent restructuring, according to company postings...

PropX

Permian New Well Demand PICKS UP STEAM Into Year End… Bring On 2021!

US rig count is STRONG into and around the holidays this year – +15 land rigs went back to work last week in spite of the much talked about holiday slowdowns that often happen in the oilfield this time of year...

Oil steady near 9-month high with IEA seeing lasting glut

Oil traded near a nine-month high as the IEA cautioned that a market glut will last another year...

Suits balloon against frac sand mining ‘running amok,’ Onalaska lawyer says

Nearly a dozen western Wisconsin residents filed new lawsuits against frac sand mines in Jackson and Chippewa counties, while almost four dozen others are trying to amend four lawsuits against Hi-Crush mines in Trempealeau County...

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What Are Oilfield Insiders Watching For Upcycle Signals? (Part One Exclusive Voice Of The Industry Update)

Infill Thinking gives a first look at the results of their year-end survey...

What Are Frac Insiders Waiting For To Get Bullish Again (Part Two; Voice Of The Industry Exclusive)

Infill Thinking provides their subscribers access to the results of their year-end survey...

US agency looks to open rare lizard's habitat to oil and gas

Federal wildlife managers are considering offering permits to landowners in the Permian Basin that environmentalists say could further compromise habitat for a rare lizard found only in parts of southeastern New Mexico and West Texas...

Last Mile Logistics As A Category

Infill Thinking’s guest post comes to you from the desks of co-authors Michael Mesrobian and Daniel Livsey, both on the Pronghorn team at Hi-Crush. They make a strong case for the critical role last mile...

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