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Nick Cook, Editor
Issue #326 | June 9, 2021
Some very interesting articles this week. Enjoy the newsletter!
And now, the news…
The common threads across our conversations will probably come as no surprise – it’s busy and boring in the sand patch.
The Court ruled that U.S. Well breached the long-term take-or-pay Master Product Purchase Agreement between the Company and U.S. Well by failing to purchase minimum required tonnages of frac sand.
Smart Sand Inc. shares were up 20% to $3.30 after the company said the Superior Court of the State of Delaware issued a verdict in favor of Smart Sand in its lawsuit against U.S. Well Services, following the trial that took place in December 2020.
V SandCo, formerly Vista Proppants and Logistics, LLC and dba Vista Sand, announced the expansion of its executive leadership team.
This week Infill Thinking worked the phones and caught up with many industry contacts in the frac supply chain. In the following bullet points, they get specific about the market nuances they heard from industry insiders this week.
Municipal governments in the News-Shield circulation area have been ordered to return well over half a million dollars in property taxes to Superior Silica Sands, formerly Barron County’s largest frac sand company.
Two oil and gas companies, Independence Energy of Houston and Contango Oil & Gas of Fort Worth, said they would merge in an all-stock agreement to create a company with a market value of just under $5 billion.
2Q21 is the busiest quarter for US E&P deal flow since we started keeping track of significant E&P M&A transactions in 2017.
Monthly market reports from OPEC, the EIA and the IEA could make for a volatile week for crude oil prices, but the focus will be squarely on global demand indicators, analysts said.
Each week through July 2021, Infill Thinking will be illuminating the D&C trajectory of one large operator in the Lower 48 with hard data.
Oil slipped after hitting $70 a barrel in New York for the first time since October 2018 as a rally driven by signs of a tightening market eased.
Swimming against a global tide to ban fracking outright, the government has published new proposals to safeguard South Africa’s declining water resources through “controlled” fracking – while simultaneously leaving the door wide open for oil and gas corporations to blast vast quantities of water underground to extract fossil fuels.
Australian Prime Minister Scott Morrison has drawn a line in the sand for Australia ahead of an international conference focused on climate change and security.
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