Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #331 | July 14, 2021

A lot more frac sand news than we have seen in the past couple of weeks.  I found the Infill Thinking “Notes from the Road” particularly interesting.

 

Interest continues to build for the 10th Annual Frac Sand Supply & Logistics Conference!   New sponsors are signing up every week.  Our Golf Sponsorships have sold out!  We really excited to bring the industry back together to the first major conference since COVID.  We had 175 attendees in the middle of the pandemic (“We few, we happy few!”) and we’re looking forward to seeing two or three times that number at the Gaylord Texan in September!  Reserve your spot and your sleeping room today!

 

And now, the news…

This Week's News

Source Energy Services Announces Contracts with Two Key E&P Companies Operating in the Montney

Source Energy Services announced that it has entered into a new contract with Pipestone Energy and has extended and expanded its relationship with a major Montney Producer. These contracts include proppant supply, as well as logistics and well site services.

Notes From The Road – 13 Permian Field Trip Datapoints + A Fridge Status Update!

Here is some of what Infill Thinking learned from their time in-field, including the fridge status update at the very end of the post. They’ll share more in-depth updates from some of their stops and photos next week.

Oil Industry Consolidation Hits Two-Year High

Oil exploration and production companies inked more than 40 deals worth $33 billion during the second quarter, the largest three-month dollar figure since the second quarter of 2019.

Private E&Ps ‘Bringing It’ As Publics Stay Disciplined

Private E&Ps are going after tight oil development with guns blazing – taking advantage of improving well return profiles on the combination of higher than expected oil prices, low OFS utilization in multiple product / service categories, and historically low horizontal well costs.

Custom Built Frac Sand Drying Systems by Tarmac

Chevron’s D&C Trends In Focus (Operator Spotlight)

Over the past two years, Chevron has cut back their rig and frac fleet in a major way – each has been reduced by about 75%.

Oil Prices Loom Over Biden Bid to Throttle Drilling Rights Sales

The Biden administration is preparing to release a blueprint for limiting sales of U.S. drilling rights that falls short of the outright ban sought by some environmentalists, as rising oil and gasoline prices highlight the risks of curtailing domestic crude production.

Hottest Permian Counties For Drilling So Far In 2021

Inspired by their trip to the Permian Basin last week, Infill Thinking dug into the region’s county-by-county rig count trends for this week’s drilling update.

Infill Thinking’s Top Fifteen 2Q21 Updates

With 2Q21 in the books, we are pausing to look back at the most read Infill Thinking research updates of the quarter.

10th Annual Frac Sand Supply & Logistics Conference

Canadian Pacific Railway Limited: Rail Reregulation in the Spotlight on Potential Biden Administration Order

In 2020, CP hauled shipments of grain (24% of freight revenue), intermodal containers (21%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (4%), and a diverse mix of other merchandise.

Athabasca Minerals Announces RockChain(TM) Chief Technology Officer and Other Management Changes

Athabasca Minerals is an integrated group of companies capable of full life-cycle development and supply of aggregates and industrial minerals.

A Sand New Game for Perpetual Resources

Perpetual Resources' Executive Chairman Julian Babarczy joins ausbiz to discuss its recent acquisition of the Arrowsmith West project in Western Australia. He says the project is prospective for high grade silica sand.

California Exercises Discretion to Deny Kern Fracking Permits Ahead of Formal Ban

California's top oil regulator, acting ahead of a proposed statewide ban on fracking, this week denied a series of applications to use the controversial oilfield technique in western Kern.

UNBC Prof to Study Ways to Mitigate Resource Extraction Geohazards

An engineering professor at the University of Northern British Columbia has received a federal research grant to study the efficiency and safety of shale gas and geothermal energy extraction.

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