Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #354 | January 5, 2022

Busy and exciting. That’s how we’re rolling into this new year.

 

Oil prices are rebounding. Rig count keeps the throttle on. E&Ps are boosting production. And many folks need more sand (and the truckers to haul it). NexTier stock is booming. LNG exports are flowing to Europe. Lots to read about this week.

 

With this momentum and boost, it is so important to be with the decision-makers in Houston on Friday, Feb 18th. Just a little over a month away! Great opportunity to make deals, secure your sand supply, find the right partner for your equipment needs, network with those who can deal with your logistics issues. Sponsorships are still available for high-profile exhibitors. For anyone coming from out of town for the update, you can get a discounted rate at the Hyatt Regency across the street.

 

And now, the news…

This Week's News

Shale Fracker NexTier’s Stock Jumps as Demand Swells Revenue

NexTier Oilfield Solutions Inc. soared more than 20% after the fracking provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling.

Oil Jumps as OPEC Sees Limited Omicron Impact

OPEC and a coalition of Russia-led group of oil producers agreed to continue pumping more crude, pushing oil prices higher as the group bet that the Omicron variant of Covid-19 won’t have the sort of devastating effect on demand as previous waves of the virus.

A Perfect Storm – The Last Mile Holiday Crunch Is Really Bad This Time

Every year, sand trucking is a problem from Christmas through early-January. This year it appears to be worse than normal.

24 LNG tankers heading from the U.S. right now to European ports

U.S. flotilla endeavoring to deliver much-needed fuel to Europe.

What’s up with Frac Sand ’22 Supply & Demand?

It is now 2022. But the big question on everyone’s mind is figuring out how this year will play out in the frac sand world.

Frac Count & Rig Count Showed NO Seasonal Weakness As 2021 Ended

Rig count and frac count were exceptionally resilient through year end, with little to no holiday slowdown apparent in market research.

Advertiser Space Available

Why energy prices rose more than any other commodity in 2021

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.

Fed Survey Shows Oil And Gas Firms Planning A Modest 2022 Comeback

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.

Confronting Inflation, Biden Administration Turns to Oil Industry It Once Shunned

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.

10 Frac Supply Chain Predictions For First Half 2022

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

Shale drillers face record cost pressures as banks shun sector

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.

S&P 500’s Energy Sector on Pace to Hit Record Annual Gain

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.

UK: Onshore 2021 review of the year

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.

Four challenges for the future of mining and how to overcome them

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.

Frac Sand Weekly News Digest logo

Get relevant announcements and news from major outlets, industry leaders, and local media so you always know what’s happening and changing in the frac sand industry.

Subscribe to get our carefully curated summary of relevant frac sand related news and analysis delivered to your inbox each Wednesday morning.

We keep your data private and share your data only with third parties that make this service possible.

Share Your News

Send us your press releases and any other news articles which you believe would be of interest to our readers. Email submissions to fsdigest@petroleumconnection.com

Advertising

Do you offer goods or services focused on the frac sand supply chain? Advertise in the Frac Sand Weekly News Digest.