Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #329 | June 30, 2021

The team at The Petroleum Connection wishes you and yours a safe and Happy 4th of July!  Once we get past this little break we will be turning our attention to the biggest frac sand conference of the year.  We’ll start outing agenda topics and identifying potential speakers, so send me a note (pcook@petroleumconnection.com) if you have anything to suggest.  Please also take a look at sponsorship options as we dropped the prices for sponsorship this year.  It is going to be great to be able to get back together with everyone again!  I’m looking forward to it.

 

And now, the news…

This Week's News

Smart Sand Shares Rise 13% After Settlement With U.S. Well Services

Under the terms of the settlement, U.S. Well Services paid to Smart Sand a $35 million cash payment and entered into a two-year right of first refusal agreement with Smart Sand covering all purchases of Northern White frac sand by U.S. Well Services and its affiliates in the continental U.S. from Jan. 1, 2022, through Dec. 31, 2023.

PropX Joins High Roller, Timpte, and Meridian Manufacturing as Golf Sponsor for the Largest Frac Sand Event of 2021

PropX returns as a Golf Sponsor for the fourth year in a row. Sign up for golf early as we’ll be limited to the number of golfers who can join us.

A Study In Discipline (Operator Spotlight)

Infill Thinking and Lium Research give insights into Devon Energy.

IAC Dryer - Cooler

Physical Oil Markets Run Hot Before OPEC+ Meets on Crude Output

The physical oil market, in which millions of barrels of crude are bought and sold each day, is screaming for more supply in the run-up to a pivotal meeting of OPEC+ producers this week.

Constraints & Limiting Factors In Simulfrac Adoption (Simulfrac Series)

This report’s focus is on constraints – of which there are many to solve when converting from traditional or zipper fracs to simulfracs.

New Argentine Frac Sand Plant 90% Complete

The article is in Spanish, but next month all the machinery and its processes will be put into operation. The company's goal is to start working before the end of the year.

Argentine Frac Sand Company Hiring 500 People by the End of the Year

The article is in Spanish, but NRG has already hired 200 people (180 of which are from the region). By the end of the year it is expected to reach 500 direct jobs.

10th Annual Frac Sand Supply & Logistics Conference

Oil Companies Reduce Number of Unfinished Wells

Oil companies are drawing down their inventory of unfinished wells as they put off new drilling to satisfy investors who want to see financial discipline after the pandemic-driven oil bust.

Covia Announces Price Increase on Industrial Products

Covia announced that the Company will implement a price increase in July 2021 of up to 15%, depending on the product. The increases, which will apply to all industrial segments, will partially offset extraordinary cost increases across several categories including energy, steel, packaging (wood and paper), transportation, resins and additives.

Newly-Developed Long-Duration Thermal Battery Utilizes Silica Sand

The solution operates almost like an electrochemical battery. In this case, an inexpensive thermal storage medium — silica sand — is kept in a factory-made, shipping-size container and is heated by electric resistance coils using low-cost excess electricity, for example, from intermittent solar and wind power sources.

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