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Nick Cook, Editor
Issue #336 | August 18, 2021
Light week for frac sand news, except for big news related to the Frac Sand Supply & Logistics Conference! Check out our draft agenda. Speakers are being added daily, so check back frequently.
We’re also very excited to announce the Frac Sand Asset Showcase, where conference attendees who are buying or selling frac sand equipment can connect (that is what The Petroleum Connection does!). Also note the simulfrac articles in the Digest.
Please note that there is only one more week left for our guaranteed reduced room rate at the Gaylord Texan! Book your sleeping rooms before the prices go up. Our room rate is $219 per night, but the fee on the Marriott website for the same nights is $273 per night. You can book you rooms using this link.
Please also remember to let us know if you are bringing a spouse or kids. We’ll be happy to print them a name badge so they can take advantage of 100+ discounts at stores, restaurants, and activities in Grapevine. See this link for more information.
There is an interesting articles on the Vaca Muerta shale play in Argentina (and the sand demand). We have been in regular contact with some of the leaders in the frac sand industry down there and they are disappointed that COVID restrictions will not allow them to attend the frac sand conference. Even without attending, one of them is seriously considering sponsoring!
And now, the news…
While still not complete, take a quick look at what is planned for the agenda at the 10th Annual Frac Sand Supply & Logistics Conference.
Permian and Eagle Ford frac sand mines continue to be busy (and getting busier), with 2021 completions activity closing in on the peak for the year (see spending trend data showing the peak here).
Nice post from Richard Spears in LinkedIn.
Sargent Sand continues to have informal discussions with the state, however no formal proposals are currently pending.
Weyerhaeuser officials are reviewing a state report showing an equalized property value decrease for CSP Property Holdings LLC, an industrial sand plant operator that successfully appealed its 2020 real estate value.
(Translated from Spanish) The technical studies guaranteed the quality of the rionegrinas siliceous sands that advances so that before the end of the year the production begins. The government defines the trace of the "Sand Route".
Today’s installment is a quick update taking a look at E&P operators that are known to have adopted the practice.
In April 2021, we predicted that simulfracing activity could comprise as much as 20-30% of the completions market over the next 24-26 months (link).
The “Asset Showcase” will be an opportunity for those with frac sand equipment and assets to sell to be able to distribute information about those assets to companies interested in buying used equipment and assets.
Chesapeake Energy agreed to buy Louisiana natural gas rival Vine Energy for $615 million, betting on the shale field's proximity to the U.S. Gulf Coast export hub.
STEP’s second quarter of 2021 was reflective of the ongoing economic recovery with revenue increasing by 165% from the same period last year which saw an unprecedented slowdown of activity caused by responses to the COVID-19 Pandemic.
After emerging from bankruptcy in May with a new management team, Gulfport Energy Corp. has overhauled its operations with a focus on capital discipline, free cash flow (FCF) generation and investor returns over production growth.
Wilks first took a 5% active stake in NexTier in February and now holds a nearly 8% stake in the company.
Last week’s Infill Thinking note: “Rig Count is likely to keep moving up as E&P operators battle DUC inventory exhaustion now and try to set up 2022 completions programs with enough well inventory to not miss a beat.” This week’s Baker Hughes Rig Count: 4th biggest increase for any week so far this year at +8 to hit 484 rigs working. Sometimes even a blind squirrel finds a nut.
Cameron Deller is joining the Company as Chief Financial Officer effective September 07, 2021.
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