Pete Cook, Editor
Issue #307 | January 20, 2021
Despite a quiet week for frac sand news, it appears there is a run on frac sand (and trucks!) in the Permian and beyond. We continue to hear rumors about frac sand projects (plant expansions, new mining projects, etc.) and inquiries continue to come in regarding used equipment deals. It is good to see people getting back to business!
And now, the news…
A quick follow up to our longer piece over the weekend flagging the fast tightening sand spot market after more channel checks on Monday…
The number of drilling rigs operating in the U.S. surged this week after crude prices crossed the $50 milestone.
Wyoming oil and gas boosters succeeded a few weeks ago in pushing through Bureau of Land Management approvals for a massive campaign in the Powder River Basin that could see the drilling and fracking of 5,000 new wells.
ND Senate Appropriations Committee members heard an update this week from Lynn Helms, Director of the Department of Mineral Resources, related to research by state geologists that has led to the start of frac sand mining operations, and the possibility of mining lignite for rare earth minerals.
Iron and steel, frac sand and grain demand will help drive traffic this year, says RGPC VP of Marketing and Sales Michael Haeg.
U.S. shale has staged a nice recovery in recent months, but could soon be facing constraints due to looming shortages of frac sand.
Halliburton’s 4Q20 conference call on Tuesday sets the company’s 2021 outlook for the Lower 48 pressure pumping market.
Halliburton ended 2020 with a $2.9 billion loss for the year after demand for drilling work dried up during the worst oil bust in a generation caused by the coronavirus pandemic.
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