Nick Cook, Editor
Issue #328 | June 23, 2021
There are only a handful of articles in this week’s newsletter, but there are some important ones (primarily from Infill Thinking). Enjoy the newsletter!
And now, the news…
The imminent phase-in of new Federal regulations has implications for frac wellsite operations, supply chain market share, costs, and investment in new technology. Starting next week, new OSHA requirements will affect every frac site in the US, where we estimate nearly 220 crews are active today.
We had a chance to catch up with the Sand Revolution management team to see what’s new with one of the largest Texas frac sand storage/hauling solution providers.
Apart from the results of the Iranian elections, the impact on the value of the U.S. dollar from Federal Reserve decisions and any fallout from storm activity in the Gulf of Mexico will drive the price of oil this week, analysts said.
The US rig count bottomed in August 2020. Since then, it’s nearly doubled from the bottom having climbed north steadily almost every week since September 2020 as our regular rig count weekly charts below show.
Petroteq Energy and Greenfield are continuing to work with a local drilling fluids company to identify customers for the clean sand that results from oil sands for use as a potential frac sand.
Each week through July 2021, we are illuminating the D&C trajectory of one large operator in the Lower 48 with hard data.
In an amazingly short period of time, the world has made an irreversible bet on green energy sources - solar, wind, and biofuels - being able to shoulder much of its energy burden. This is a transition without a track record and a very spotty roadmap of implementation.
An explosive Tweet-storm has raged all week from a Permian sand rancher, offering a rare glimpse behind the scenes at an ongoing dispute between an operator and a land owner over water pollution in the Permian Basin.
Tiny oil company Torchlight Energy Resources Inc. saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze.
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