Frac Sand Weekly News Digest

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…

This Week's News

Is A Run On Sand Starting?

After talking with multiple Permian contacts over the weekend, our expectation for tightening frac sand supply in early-2021 appears to be playing out.

Anecdotal Evidence Keeps Building Saying… Yes, A Run On Sand Is Underway

A quick follow up to our longer piece over the weekend flagging the fast tightening sand spot market after more channel checks on Monday…

Rig Count Jumps by 13 after Oil Crossed $50 Milestone

The number of drilling rigs operating in the U.S. surged this week after crude prices crossed the $50 milestone.

Feds Approve Plan To Drill And Frack 5,000 New Oil Wells in The Powder River Basin Of Wyoming

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.

New Resource Industries in ND: Frac Sand and Rare Earth Minerals

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.

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A Short Liner of Another Sort: Rio Grande Pacific Finds a Nonconformist Style Suited to its Growth Strategy

Iron and steel, frac sand and grain demand will help drive traffic this year, says RGPC VP of Marketing and Sales Michael Haeg.

The State Of U.S. Shale: What You Need To Know As 2021 Dawns

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 Talks Frac Market & Changes Their Tone On E-Frac

Halliburton’s 4Q20 conference call on Tuesday sets the company’s 2021 outlook for the Lower 48 pressure pumping market.

Oil Giant Halliburton Says it Lost Nearly $3 Billion in 2020

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.

Two Men Arrested, One Sought for Trailer Theft

The theft of a construction trailer and the equipment inside—worth more than $40,000—from a Chetek frac sand mine has led to the arrest of two men, while a third remains wanted by police.

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