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Nick Cook, Editor
Issue #318 | April 7, 2021
Happy Easter!
Last week we had a great Frac Sand Industry Update. It was wonderful to get back together, in-person, with so many industry peers. The forecasts and news was generally very positive as well! While the days of rapid growth are behind us, it appears we might be in for a few years of steady, predictable revenue. I’m just kidding! This is the frac sand industry. Nothing is steady and predictable! Some interesting news in the Digest this week. We hope you enjoy it.
And now, the news…
The expansion will push Performance Proppants to over 5 million tons of capacity in the Haynesville Shale.
Select Sands provides the following update on its corporate activities for the first quarter of 2021.
EnergyPoint Research releases their survey results.
Halliburton Global Frac Operations Manager Jason McIntyre recently spoke at the 6th Annual Frac Sand Industry Update, highlighting Halliburton’s industry-leading technologies for simultaneous fracturing (simul-frac).
This week, Infill Thinking launched a new research series covering the implications of simulfrac adoption across the completions market.
Early guidance from US shale E&Ps indicates a slight increase in capital expenditure for 2021. For 27 of the public US shale E&Ps (non-Majors), planned capex guidance is near $29 billion compared to $26 billion in 2020, a 9% increase.
Oilfield services companies added 23,000 jobs in March as drilling activity recovers from the pandemic-driven oil bust.
Pioneer Natural Resources plans to acquire DoublePoint Energy in a cash-and-stock deal worth $6.4 billion including debt.
West Texas Intermediate rose 2.3%, with most other commodities also climbing.
2020 has probably been an annus horribilis for shale oil since the industry first emerged in early 2008. Compared to the previous oil bust in 2015, the main difference in addition to negative WTI prices has been the lack of new capital supporting the sector.
Sand-mining operator Jordan Sands has paid a $20,000 civil penalty to the Minnesota Pollution Control Agency for wastewater violations.
Oswego trustees are looking at establishing a quiet zone around the train tracks along Washington Street through the downtown.
A report finds that nearly half of North Dakota’s major locally and state-maintained urban roads are in poor condition, one in 10 locally and state-maintained bridges (20 ft. or more in length) are rated poor/structurally deficient, and 564 people lost their lives on the state’s roads from 2015-2019. Some of North Dakota’s major urban roads are congested, causing delays and choking commuting and commerce.
Bossier Sheriff Julian Whittington and the Bossier Sheriff’s Office are partnering with Keep Bossier Beautiful to perform a clean sweep of Bossier Parish.
The price increases, effective for shipments starting on May 1, 2021, will range up to 15 percent depending on the product and grade.
A new book chronicles the stories of sometimes broken, often desperate men who ventured to the northern plains in service of an industry that exemplifies late-stage capitalism.
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