Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #349 | November 17, 2021
Lighter week in the frac sand news world (but some great, optimistic pieces from InFill Thinking).
And now, the news…
This Week's News
7 Reasons Why Frac Sand Pricing Has Positive Momentum Building Into 2022
Price data on Texas local sand reveals some serious momentum building in frac sand prices with 2022 just around the corner.
Jaguar Transport Enters Agreement to Operate Oklahoma Central Rail Park
“When fully operational, this facility will be able to handle a variety of commodities including but not limited to… petroleum products, frac sand”
State Gas Price Averages
AAA provides a state by state price average. As of writing this newsletter, it was at $3.411 nationally…
High Energy Prices Likely to Mean Less Oil Demand This Year, OPEC Says
Soaring energy prices are likely to crimp demand for oil in some of the world’s fastest-growing economies this year, the Organization of the Petroleum Exporting Countries said last Thursday.
7th Annual Frac Sand Industry Update
TLDR; Houston. February 18th. Get updated on the latest and greatest. Make meaningful connections.
Looking Back Before We Look Ahead
2021 has been year of recovery in shale – recovery from steepest, sharpest, darkest downturn in US onshore history.
EIA forecasts inventory increases and falling crude oil prices in 2022
Some neat graphs from EIA related to price and inventories of crude oil.
Resurgent Oil Supply Expected to Soothe Tight Market
Rebounding economic activity and natural gas shortages recently pushed the developed world’s oil reserves to their lowest since early 2015, but growing crude supply could soon ease that pressure, the International Energy Agency said Tuesday.
Drilling Inefficiency Is Distorting Rig Count Impact On Frac Demand
While crunching oilfield data this week, a key theme we’ve been keeping an eye on jumped out again at us: drilling rig efficiency continues to suffer.
Biden’s Oil Moves Draw From Losing Playbook
After the OPEC+ cartel rebuffed President Biden’s request to release more oil last Thursday, the White House floated the idea of releasing barrels from the Strategic Petroleum Reserve to tame prices.
Shale E&P “Treadmill” Effect Bodes Well For Commodity Prices & OFS In 2022
3Q21 saw oil and gas production grow while two key leading indicators of production didn’t grow – completions were flat and wells put on production, or POPs, actually declined.
2022 US Oilfield Outlook Survey – Upcycle Maturation
Infill Thinking’s 2022 Shale Outlook Survey Is Live
Windham bridge reopens after construction
The Silica Sand Road bridge in Windham Township, OH over Eagle Creek was recently reopened to traffic after being closed for reconstruction for the past several months.
Oman: PDO invests in hydraulic fracturing proppant factory
Omani oil and gas producer says facility will be the first of its kind in the region
Canadian Overseas Petroleum Reports Q3 2021 Results and Operations Update
“As I have indicated previously, our Wyoming assets continue to perform well beyond our initial expectations.”- Arthur Millholland, CEO
Smart Sand, Inc. Announces Third Quarter 2021 Results
“We are starting to see signs of increased activity going into 2022 and we believe that our investment in our new Waynesburg, Pennsylvania terminal to service the Appalachian Basin, including the Marcellus and Utica Formations, is going to provide us with the ability to expand our market share in this key Northern White Sand market.”- Charles Young, CEO
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