Nick Cook, Editor
Issue #316 | March 24, 2021
We are only a week away from the largest frac sand event of 2021 so far! And think of the drastic changes that have happened in the industry already this year: sand shortages, trucking constraints, the big freeze, bankruptcies, acquisitions, etc.
Now is not the time to sit on the sidelines and hope things work out. Get back out and meet with others in the industry as they look for new suppliers, new clients, and new partners. Big changes mean big opportunities. Position yourself to take advantage of the current situation. Join us next week in Houston! Check out the strong agenda and register today! https://petroleumconnection.com/event/sandupdate6/
And now, the news…
Infill Thinking addresses the question “How can Permian frac sand volumes be approaching their prior highs when Permian rig count and Permian frac crew count are still 55% and 35% below prior cycle highs, respectively?”
ProFrac Services recently pumped the most efficient pad in operator history at over 90%. We set records for average pump hours per day, stages per day, and sand pumped per day – raising the standard in Haynesville.
We are looking forward to participating in the simul-frac panel at the Frac Sand Industry Update in a couple weeks. It’ll be a great discussion with panelists from Chevron, Halliburton, Badger, and Sand Revolution discussing how this new wellsite procedural change is rippling back up the frac supply chain.
It hasn’t been this cheap for shale explorers to raise money on the high-yield bond market since oil was at $100 a barrel in 2014, so they’re jumping on the opportunity to refinance debt at lower rates.
With oil prices where they are (well above expectations for the year) and frac sand hard to find in Texas for much of 1Q21, multiple Infill Thinking members have recently inquired offline about Infill Thinking’s sand demand estimates in the big two Texas basins.
Superior Energy Services on Monday announced the resignations of CEO David Dunlap and Chief Financial Officer Westy Ballard. The Houston-based oil field services and equipment company said Dunlap and Ballard resigned to pursue other opportunities.
First the freeze. Now the wind. It’s been a tough operating conditions quarter in the southwest completions market, and lost days due to bad weather continue piling up for the Texas frac industry in 1Q21.
There is no clear evidence that higher conductivity proppants (either white sand versus regional sand or ceramic proppants versus white sand) result in better well performance and economics.
EOG Resources has started the reclamation process for the S&S frac sand mine in the Town of Howard. EOG Resources is planning to close the frac sand mine and has started the final rough grading of the mine site to establish the reclaimed land surface.
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