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Nick Cook, Editor
Issue #314 | March 10, 2021
What this week’s news digest lacks in quantity, it more than makes up for in quality. All eight of this week’s articles are worth your time. Record high Permian sand demand on the horizon? Trucking opportunities. Mergers & acquisitions. There is plenty to talk about, and we look forward to chatting with many of you at the 6th Annual Frac Sand Industry Update. Check out the latest speaker lineup and agenda topics on the website (6th Annual Frac Sand Industry Update – Petroleum Connection). With so much going on, 2021 is going to be a break-out year for some companies. Position yourself to be one of those companies by participating in the only frac sand events being held in ’21! See you in Houston on March 31!
And now, the news…
Oil price momentum continues. Good news from OPEC yesterday buoyed WTI above $65. What might $70 oil bring for Permian oilfield activity?
Oil reversed an earlier decline to trade above $65 as the dollar slipped.
With earnings season winding down, Infill Thinking took a scan through transcripts, 10ks, 8ks etc. with an eye out for sand mentions by the customers. The customer is always right. Here’s what they are saying about the number one completions consumable.
The history of the oil and gas business in the United States is that every time the “experts” all line up to declare it to be dead, it finds a way to come roaring back.
During prepared remarks, management hinted at interest in M&A and consolidating the frac sand space. M&A then quickly became the topic du jour during Q&A.
OMMA Trucking posted on LinkedIn that they are looking for 100 drivers and operators.
I’m not sure how we missed this news a couple of weeks ago, but Industrial Accessories Company announces the opening of a new service center in Monahans to support customer needs in the Permian Basin.
Just a few weeks after the announced merger of the Association of Energy Service Companies and the Petroleum Equipment & Services Association, two Texas industry associations – the Texas Independent Producers and Royalty Owners Association and Texans for Natural Gas -- announced Thursday they will be joining forces.
Officials from Canadian Premium Sand Inc., or CPS, announced a shift in the company’s business strategy to focus on developing its Wanipigow, Manitoba, silica sand deposit into a sustainable float glass manufacturing and coating facility.
Just three companies — Corning, Schott and Nipro Pharma Corporation — manufacture most of the pharmaceutical glass tubing needed for vaccine vials. Experts predict demand for glass vials will shoot up by one to two billion over the next two years, straining the glass shortage even further.
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