Nick Cook, Editor
Issue #344 | October 13, 2021
Lots of great stories and thoughts in this week’s update. ESG is a big, big theme. Haynesville and Eagle Ford in this week’s spotlight. Don’t miss out!
And now, the news…
U.S. Silica Holdings, Inc. announced that it is commencing a review of strategic alternatives for its Industrial & Specialty Products ("ISP") segment - including a potential sale or separation of the ISP segment.
Performance Proppants today announced that it has reached an agreement to purchase a 1,200 acre deposit in Merryville, Louisiana that contains up to 20 million tons of additional frac sand. The Company expects the facility to be fully operational by January 2022.
Outside of a mini-mobile mine here or there, greenfield expansion is no longer the norm frac sand, but Performance Proppants is bucking the norm.
Russian President Vladimir Putin said Moscow was ready to work on stabilizing the global energy market, causing a sudden reversal in natural gas prices, which had earlier soared to their highest level on record.
A look at three datapoints that we believe might, possibly, maybe signal that some sort of foundation is being laid now for future consolidation in US frac sand production.
Northwest Louisiana can still expect a major bump from new businesses bringing thousands of jobs and an expected uptick in Haynesville Shale development.
American frackers are expected to lift U.S. oil-field spending 15% to 20% next year, but their investments are still well below pre-pandemic levels.
Although the Eagle Ford is still only about 20% of the Permian’s size in fully utilized frac fleets, the frac activity growth rate on a percentage basis in South Texas during the past 3 months was double that of the Permian Basin.
Chesapeake Energy Corporation today announced that its Board of Directors has unanimously voted to appoint Domenic "Nick" Dell'Osso as President and Chief Executive Officer and a member of the company's Board of Directors, effective immediately.
Bundling barrels with promises to capture carbon can make companies’ emissions figures look better, but critics say the practice could undermine the case for burning less fossil fuel.
Low-carbon fracking—as oxymoronic as it sounds—is gaining traction across the U.S. But since it still extracts the very oil and gas that fossil-fuel critics want the world to stop consuming altogether, not everyone’s convinced.
Other large oil companies have disclosed similar net-zero goals over the past two years, as they face calls from investors and activists to respond to ESG, or environmental, social and governance concerns.
Black Mountain Sand is pleased to announce that after almost two years, the litigation matter styled, “Black Mountain Sand Midcon, LLC and Black Mountain Eagle Ford, LLC v. Schlumberger Technology Corporation” has been satisfactorily resolved.
While Suvo has been going great guns with its kaolin projects, the coming weeks should see some of the attention shift to its promising Nova silica sands projects.
Calima Energy Ltd has begun fracture stimulation for three wells at its Throsby asset in Alberta, Canada, as part of its Leo development program and coinciding with a period of strong Brent prices.
Schlumberger case study on the benefits of simul-fracs in the Eagle Ford.
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