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…
Price data on Texas local sand reveals some serious momentum building in frac sand prices with 2022 just around the corner.
“When fully operational, this facility will be able to handle a variety of commodities including but not limited to… petroleum products, frac sand”
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.
Some neat graphs from EIA related to price and inventories of crude oil.
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.
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.
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.
Infill Thinking’s 2022 Shale Outlook Survey Is Live
Omani oil and gas producer says facility will be the first of its kind in the region
“As I have indicated previously, our Wyoming assets continue to perform well beyond our initial expectations.”- Arthur Millholland, CEO
“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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