Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #343 | October 6, 2021

Pour the coffee and start today updated on the latest and greatest in the frac sand world over the past week! With oil and gas prices as high as they are, read into how that’s playing out both at home and overseas.

 

And now, the news…

 

 

This Week's News

Gas Markets Will Get Even More Exciting

Natural-gas prices around the world have jumped in recent months, lifting energy bills, stoking worries about higher inflation and even prompting factory shutdowns.

U.S. Silica Expands Board of Directors with Appointment of Sandra Rogers

Chief Executive Officer Bryan Shinn stated, "Sandra brings valuable operations and supply chain experience in addition to a diverse perspective to U.S Silica. We look forward to the benefits of her leadership and I am delighted to welcome her to our board."

Pressure Pumping Pricing Premonition – The Pendulum Is FINALLY Swinging Back To The Pumpers

Instead of wishful thinking, you may hear actual quantification of real pricing gains surfacing in pumper commentary and reports over the next six to nine months.

IAC Dryer - Cooler

Cabot Oil & Gas and Cimarex Energy Complete Combination, Forming Coterra Energy

Coterra Energy Inc. today announced the successful completion of the combination of Cabot and Cimarex, creating a premier, diversified energy company with a strong free cash flow profile, well positioned to deliver superior and sustainable returns to shareholders through commodity cycles.

From Bad To Worse For Eagle Ford Sand Buyers…

The Eagle Ford frac supply chain is experiencing the worst sandemonium it’s seen since the big freeze in February 2021.

The Oil Major Primed to Profit in the Permian

Insights into the more dynamics to be considered in ConocoPhillips (big stock price gains) buying out Shell’s Permian assets.

Advertiser Space Available

OPEC Opts Against Big Output Boost, Pushing Oil Prices to Seven-Year High

OPEC and a Russia-led group of oil producers agreed to continue increasing production in measured steps, delegates said Monday, deciding against opening the taps more widely, and driving U.S. crude prices to their highest levels since 2014.

Winternitz Transitions from Liquidation to Auction of Remaining Assets, From One Of Wisconsin's Top Raw Frac Sand Mining Facilities

Winternitz Industrial Auctioneers & Appraisers is pleased to announce that they have completed the liquidation of surplus assets from Hi Crush's Sand Mining operations in Whitehall Wisconsin, and are transitioning to an Auction of remaining assets.

OPEC Boss Says World Can’t Afford to Underinvest in Oil

OPEC’s secretary-general said consumers should brace for more energy shortages unless the world boosts investment in new oil-and-gas development, the cartel’s first, full-throated response to increasing calls to limit such spending.

Frac Newco & Market Updates

This year, capacity adds at the fringes of the frac market have kept net pricing at bay despite the climbing frac count.

How Not to Do an Energy Transition

Power markets vary, but Britain’s latest troubles hold some lessons for countries focused on decarbonization.

Magaldi Green Energy's Thermal Energy Storage Uses Sand

The storage technology continues an interesting dive into the potential for silica sand to be used instead of lithium for storing energy.

Australia: Vintage Energy Ltd 2021 Annual Report

Vintage Energy Ltd (ASX:VEN) had a busy year operationally with a total of three wells drilled, one fracture stimulated and two flow tested.

China: China’s Coal and Gas Woes Might Test Beijing’s Principles

Country could soon reach its economic pain threshold and embrace the dirty fuel again as winter looms.

Guyana: Lest we forget – Low hanging fruit to aid Guyana’s energy transformation

“As we shape the future architecture of the energy sector it would be advisable not to ignore some low hanging fruits for energy generation which provide a win-win scenario for Guyana if implemented.” – Dr. Trotz

UK: Petrofac Puts Bribery Case to Rest With $104 Million Fine

A U.K. court on Monday fined Petrofac Ltd. £77 million (equivalent to $104.3 million) for failing to prevent senior executives from using agents to bribe public officials for oil contracts in the Middle East.

Fiji: Company starts sand extraction in Sigatoka

Dome Gold Mines has started extracting 15 to 20 tonnes of sand from Sigatoka for shipment to Australia, the company announced through the Australian Stock Exchange.

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