Pete Cook, Editor
Issue #322 | May 5, 2021
There is an abundance of positive news for the industry this week! Please take the time to read through this week’s news digest. Please also take our frac sand survey. It is only one question and we’d love your input.
For those whose businesses overlap into the oilfield water space, The Petroleum Connection is proud to be a part of what will almost certainly be the largest oilfield water event since 2019. Consider joining us at the Oilfield Water Markets 2021 Conference, being held in Frisco, Texas next week (May 12 & 13). I hope to see you there!
And now, the news…
The report provides a look at how U.S. Silica is operating to make positive impacts both in its internal community and on the communities in which it operates, and contributing to sustainable products used around the world.
Three weeks ago Infill Thinking wrote that a second Oncore Processing unit had started producing damp sand in the Permian. Now we know the rest of the story….
Last week we asked readers to give us some feedback on potential extracurricular activities which could be held at the 10th Annual Frac Sand Supply & Logistics Conference. Here are the results.
Richard Spears is hosted by NSI Technologies to discuss frac sand.
Amerisource Business Capital closed and funded a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm. The proceeds were used to continue the expansion of their business lines and support their ongoing working capital needs.
Aggressive recruitment from new entrants in the frac supply chain can signal shifts in the competitive landscape and rate/cost structures. Drivers are a hot commodity and in short supply.
Denver-based Ovintiv Inc. streamlined the business during 1Q2021 to focus only on the Anadarko, Montney and Permian basins as it eyes slashing debt to appease restless investors.
Oil climbed toward $66 a barrel on optimism that the resumption of economic activity in the U.S. and Europe will underpin demand.
With so many of our conference attendees being repeat attendees, we thought it might be interesting to start a membership program which gave participants passes to our frac sand events, as well as on-going benefits to facilitate networking and information exchanges. This week’s survey is to determine if there would be much interest for such a program,
Here are 7 key datapoints (from four leading pressure pumpers) with important read-through to the broader frac market…
Oil field services giants Baker Hughes and Halliburton said they are “cautiously optimistic” that the industry is recovering from the worst oil bust in decades caused by the global pandemic.
ConocoPhillips posted its first profitable quarter since the global pandemic broke out last year, a further sign of the industry’s recovery from the worst oil bust in decades.
She touches on her experience as a Data Analyst Intern.
The UK’s health and safety watchdog has accepted it did not inspect the management of silica sand at Cuadrilla’s fracking site near Blackpool.
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