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