Nick Cook, Editor
Issue #342 | September 29, 2021
Another week for the ever-evolving frac sand world! Oil prices hit a three year record, wet sand continues to grow, production restriction requests in the Midland Basin, and more.
Dive into the latest and greatest happenings below!
And now, the news…
Chesapeake adding permanent infrastructure dedicated to wet sand in their Burleson, Texas sand mine.
New research published in the journal Proceedings of the National Academies of Sciences proposes the idea of rapidly extracting lithium from contaminated water.
On Friday, 9/24/21, the TX RRC press released that it has sent a notice to the operators of 76 SWDs in the Midland basin requesting they curtail their maximum daily injection rate to 10kbpd in response to increasing seismic activity in the Midland Basin.
A shortfall in global energy supplies spilled into crude markets on Tuesday, pushing oil prices to their highest levels in three years before pulling back amid a broader selloff in financial markets.
Investors are ramping up wagers that a global push to lower carbon emissions will hamper commodity production, pushing up prices for everything from natural gas to aluminum.
The heightened awareness and focus on ESG (Environment, Safety and Governance) considerations by investors, regulators and customers has raised the stakes for companies in all industries in recent years, and oil and gas ranks near the top of the list.
Last week all the talk in the Eagle Ford frac supply chain market was of a mine closure that rapidly tightened the local proppant marketplace. One of the largest and more reliable plants in the region – Signal Peak Silica’s Atascosa Mine has temporarily closed.
To give you a sense of the problem in the UK, wholesale gas prices are up 250% since January – with a 70% rise since August. According to their Department for Business, Energy and Industrial Strategy last year 60% of UK’s natural gas was imported.
State Oil and Gas Supervisor Uduak-Joe Ntuk responded that he has discretion to reject well applications as he sees fit and with an explanation of climate change's impacts on health, the environment and the economy.
The European Union taxes carbon emissions to discourage use of fossil fuels and has promoted renewable sources of energy to replace them.
Over the next six months, FilaMar will expand their early ESG re-fleeting initiative four-fold.
A shale expert shares some insight on factors to evaluate when optimizing hydraulic fracturing.
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