Pete Cook, Editor
Issue #308 | January 27, 2021
Sand is still hard to come by in the Permian, and truck shortages are adding to the stress in multiple basins. Some great opportunities for a variety of companies.
Looking long-term, we continue to hear about plant expansions. Related to plant expansion, for a variety of reasons, over the past month we have not been staying up to speed on all the inquiries coming in from buyers and sellers regarding frac sand equipment. We’re turning our attention that direction again, so please contact us if you would be interested in entering into discussions regarding buying or selling frac sand equipment. We have been in touch with people looking for used silos, a mobile sand plant, and one company looking for a variety of equipment (feed hoppers, conveyance equipment, HDPE pipe for slurry and fresh water lines, slurry and fresh water pumps, screening equipment, etc.). Please let me know if you would like to be a part of any of these discussions.
And now, the news…
Oil traded near $53 a barrel in New York as concerns over the pandemic’s latest hit to demand were tempered by signs of tighter global supply.
January 2021 Permian applications to drill new horizontal oil and gas wells have hit the highest level on record since March 2020.
Schlumberger on Friday reported its first profitable quarter in a year, a further sign that the industry is recovering from recent oil busts and the economic fallout from the ongoing global pandemic.
Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing demand for drilling.
Oilfield equipment and services provider Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year.
Victory Nickel announced that it has entered into an asset purchase agreement with Silver Elephant Mining Corp. for the conditional sale of the Company’s Minago nickel property in northern Manitoba. In addition to nickel, the Minago property has significant frac sand resources.
One of the Permian Basin’s most dangerous intersections will be a lot less risky in two years, when the Texas Department of Transportation inaugurates an overpass on the west side of town at State Highways 302 and 115. The $55.5-million project will also be a boon to the energy business as the passage of heavy oilfield trucks is greatly facilitated, said Midland-Odessa Transportation Alliance Vice President Dustin Fawcett of Midland. Construction will start immediately.
We include a lot of Infill Thinking articles in The Frac Sand News Digest, so we thought it would be of interest to our readers to include this announcement about their launch of Lium.
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