Nick Cook, Editor
Issue #355 | January 12, 2022
Strong articles this week. Some great insights on how Wisconsin sand forecasts are looking. Still only reporting optimistic outlooks across the industry. Announcement too combining two of the industry’s biggest movements: simul-fracs and ESG. Really remarkable research coming out of Texas A&M (shoutout to my alma mater) where they are 3D-printing wells to simulate and determine the most effective proppant concentrations and types for fracking.
As you read every week in our newsletter, growth is happening but it’s important to get the right connections to ride this wave. Come join us next month at the 7th Annual Frac Sand industry Update to meet the folks to help make 2022 a successful year for everyone. For anyone coming from out of town for the update, you can still get our discounted rate at the Hyatt Regency across the street.
For anyone interested in buying a wash plant, there’s an article in the digest with details.
And now, the news…
What’s new in the trucking pain point for the frac supply chain this week?
After more than a decade of alternating boom-and-bust cycles, the regional frac sand industry appears to be stabilizing — at least for now.
Speaking at an investor conference this week, several public E&P companies made notable disclosures about their 2022 mindset and outlook.
Evolution Well Services announces a long-term electric hydraulic fracturing contract with a Permian Basin operator to begin in Q4 2022.
What are we hearing about well costs moving higher? What’s the next shoe to drop? What were folks expecting vs. what’s coming down the pipe?
Some oil and natural gas companies in places like Texas have turned to the Badger State's "northern white" sand to fill gaps caused by production problems at local mines.
Rig count and frac count were exceptionally resilient through year end, with little to no holiday slowdown apparent in our market research (“little” meaning a slowdown in completions rate, not crews standing down off pads).
There is a 250 TPH Frac Sand Wash Plant available for purchase in Wisconsin.
Trucking talking points from last week’s painful strain in the frac supply chain.
Texas A&M University graduate researcher Gabriel Tatman has utilized 3D printing to recreate fractures in a way that reveals proppant and diverter behavior as part of a joint industry project.
Scott was very well known in the industry and very well liked by everyone that had the good fortune to cross his path. He has been highly visible in the frac business over the past 5-10 years.
European energy companies are racing to secure billions of euros in funds, a sign of the financial strains caused by dramatic moves in natural-gas and power prices this winter.
Jason Jennaro, frac-sand-to-oilfield-water-guy, writes a great post on what’s going on with the RRC’s recent push to restrict wastewater disposal from fracking.
After a pre-Christmas hiccup, the company believes it is now back on target to reach its goal of 4,500 barrels of oil equivalent per day, or “boe/d” in February after a workover of the Leo 3 well.
The big question on everyone’s mind is figuring out how 2022 will play out.
Limited oil and gas supply is also likely to keep prices high. A recent research note from UBS suggested that oil could stay above $80 a barrel in 2022; it’s around $80 now.
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