Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #351 | December 8, 2021

Good news if you sell sand in Texas, less so if you need to buy it. Sand shortages piling up in both the Permian and the Eagle Ford. Those issues aside though, we’ve got some really solid articles talking about how the volatility in the oil price is being managed throughout the industry. Also, announcements from Badger Mining, Athabasca, Covia, and more. Here’s your registration link for the Frac Sand Update too so that you can secure your spot.

 

Welcome to your Wednesday. Enjoy that mug of coffee, take a deep breath, dive in, and take these next 15 minutes to get yourself up to date.

 

And now, the news…

 

 

This Week's News

Lower 48 Oil, Gas Spending Seen Rising 19% in 2022 on Cost Inflation, Activity Uptick

Spending by Lower 48 oil and natural gas producers is set to rise by 19.4% next year to $83.4 billion from an expected $69.8 billion in 2021, according to new analysis by Rystad Energy.

Badger Mining Corp. and TranSand Announce Expanded Partnership and Unit Train Capable Facility in the North Montney

Badger Mining Corp. today announced a new partnership with TranSand Inc. This exclusive partnership in Fort St John will bring a significant increase in frac sand transloading capacity to the region.

Permian Sand Problems Are Piling Up Before The New Year

The reasons factoring into why sand could stay a big problem for Permian operators going into 2022.

Liberty Oilfield Services Inc.: Inflationary Pressures Will Offset Improved Fracking Activity for Liberty Oilfield; Maintain $12 FVE

Its 2020 acquisition of Schlumberger’s OneStim business segment made Liberty the second-largest pressure pumper in North America. It also added wireline operations, two Permian frac sand mines, and an expanded technological portfolio.

Demand for Oil, Gas to Remain Robust for Years, Energy Leaders Say

At the World Petroleum Congress, attendees were set to celebrate higher prices, but the new Covid-19 variant is affecting the mood.

The Eagle Ford Continues To Be A Sand Seller’s Market

Read the factors that are still contributing to the tight sand market in the Eagle Ford and how that affects NWS vs local sand.

Athabasca Minerals Announces Strategic U.S. Asset Acquisition and Private Placement

The Strategic Assets are comprised of real-estate, an operational sand mine and processing plant capable of up to two million tons production per year, fixed storage, two rail transloads (including unit-train capability), mobile equipment, and active supply chain contracts including rail cars, for cash consideration of US$1 million (approximately C$1.2 million) and the assumption of reclamation liabilities of approximately US$6.4 million.

OPEC, Russia Agree to Keep Boosting Oil Output, Jolting Prices

The Organization of the Petroleum Exporting Countries and allied producers led by Russia said Thursday they would raise their collective production by another 400,000 barrels a day in January.

Stress Testing Rig Count Forecast For Crude Volatility

With the recent oil price drop, here’s a graph forecasting how much lower the rig count will be for $55 for $70 WTI and comparing 22’ vs 23’ at those prices.

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Covia Announces Price Increase for Industrial Products

Covia announced today that its Industrial Segment will implement a price increase across all product lines, effective January 1, 2022, of up to 15% depending on the product and grade.

E&P Oil Price Assumptions Give Some Comfort As Volatility Spikes During 2022 Budget Planning Season

Operator’s responses from Infill’s survey differ from the broader market when it comes to oil prices.

Oil Prices Recover Some Losses After Omicron Drove Demand Fears

Concerns about demand being disrupted by further travel restrictions and lockdowns have dragged down crude roughly 20% from its 2021 highs.

Suriname: Could Suriname Become The Next Oil Hotspot In Latin America?

The deeply impoverished South American country of Suriname, which has been sharply impacted by the COVID-19 pandemic, is hoping to replicate the hydrocarbon success being enjoyed by neighboring Guyana.

2022 Outlook Survey Results Are In!

All the charts and graphs from Infill’s annual survey.

Saudi Aramco Sells Stake in Natural-Gas Pipeline Business

The move is the state-owned oil giant’s latest effort to pull cash out of its vast energy infrastructure.

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