Frac Sand Weekly News Digest

Energy prices rose an average of 59 percent last year, the most of any commodity, as the economic recovery from the global pandemic boosted demand for crude and petroleum products.

The Dallas Federal Reserve Bank published results of a new poll this week showing that almost half of 131 oil and gas firms surveyed plan to increase oil and gas production during 2022.

Oil company executives have become openly frustrated with a Biden administration that spent months shunning the industry, only to start urging in recent weeks that it produce more oil to alleviate rising gasoline prices.

… 2. Rig count gains outpace frac … 7. M&A Transactions In Sand, Water, & E&P…

Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas.

The S&P 500 index’s energy sector is on pace for the biggest percentage gain on record, marking a comeback for a sector hard hit by early pandemic shutdowns.

In the UK, 2021 was a year when key decision-makers, institutions and the public said no to the onshore oil and gas industry, often for the first time.

There are a lot of exciting changes afoot in the mining industry, and we are already seeing the benefit of new technology and its impact on safety, productivity, and sustainability.