Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #345 | October 20, 2021

Lots of positive trends for North American onshore.  Oil is up.  Rig count is up.  The rest of 2021 and Q1 of 2022 are looking good!

 

And now, the news…

 

 

This Week's News

Halliburton Sings 5F’s Praises; Says Net Pricing Is Back In Frac

Halliburton’s 3Q21 conference call on Tuesday morning both kicks off and sets the tone for this OFS earnings season. The largest pressure pumper’s market perspective has implications for all frac and frac supply chain participants.

Halliburton Posts $236M Profit in Third Quarter

The Houston oil-field services giant on Tuesday said it made a $236 million profit in the three months ended Sept. 30, compared with a loss of $17 million a year earlier. Revenue grew by almost 30 percent to $3.9 billion, up from almost $3 billion a year earlier.

Good News Bad News For S TX Sand Buyers

Multiple market participants in the Eagle Ford frac supply chain tell us that the past several weeks have been the toughest (tightest) since the February freeze.

Rig Count Jumps as Oil Rolls Past $80 a Barrel

The rig count rose to 543, up from 282 rigs operating a year ago and the highest since April 2020.

IAC Frac Sand Support

Gas Fracs Need More Sand. A Leading Haynesville Supplier Responds.

Outside of a mini-mobile mine here or there, greenfield expansion is no longer the norm frac sand. Performance Proppants is bucking the norm.

Oil Boom 2021: The Time For Artificial Constraint Is Over

Globally, the predictable consequences of years of under-investment in the finding and development of major new oil and natural gas resources and premature mothballing of power plants fired by coal and natural gas are just now beginning to rear their ugly heads.

The U.S. Shale Industry Desperately Needs To Drill

While U.S. shale companies have been eager to please investors by cutting costs and returning money to shareholders, these companies now need to drill to maintain production.

Permian & Eagle Ford Permitting Trends Suggest Strong Finish To 2021

As measured by permits, near-term future drilling demand in the Permian and Eagle Ford show no signs of weakness.

Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues

U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA).

Advertiser Space Available

Trucking Is Emerging As The Most Concerning Chokepoint To Shale Growth Through 1Q22

Labor is short. Everywhere. Supplies are short too. Much like in the broader economy, we hear chatter about a different random item running out in shale every other week or so these days. Here lately, sourcing FR has been a big issue for some. But the king of fearful chokepoints as we think about the outlook for the frac count ramping up into March of 2022 is trucking.

Process Equipment in Dubai Announces the New “Sand King”

The Sand King is used for continuous delivery of Sand during fracking operations in the Middle East.

2021 Proppant Transport Research Council Testing has Commenced

This year they are investigating the effect of fluid shear history by utilizing 1500-feet of continuous coiled tubing.

Discontinuation of Frac Sand Prices

Fastmarkets has discontinued its assessments of the prices for Northern White frac sand due to a shift in demand which has reduced the traded volumes for these grades and this origin.

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