Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #359 | February 9, 2022

Good morning!

 

EIA increases their 2022 oil growth output by 20% as the big E&Ps increase their forecasts for expected growth (but of course how big will that growth be?)

 

Next Friday is the 7th Annual Frac Sand Industry Update! This is the biggest frac sand event of the spring, and so much has changed and developed since we were together last September: oil price has gone up nearly 25%, sand availability has shifted drastically towards a sellers market, and rig count DOESN’T SLOW. We hope you are all able to join us as we hear from across the industry, enjoy lunch with old colleagues, and share reception drinks with new business partners.

 

And now, the news…

This Week's News

Freeze Fall Out – A Quick Update On Sand Mine Recovery

Bullet point summary to update readers on the frac sand situation following last week’s winter weather event in the southwest.

New frac sand mines are being built!

Representatives from new sand mines being added throughout the United States will speak about what they are developing and why they are optimistic about the growth in their focused basin.

Latin American Oil, Natural Gas Drilling Growth Seen Continuing in 2022

Schlumberger Ltd., Baker Hughes Co. and Halliburton Co., the “Big 3” of the global oilfield services (OFS) sector, reaped solid gains during the final three months of 2021, boosted in part with rising activity in parts of Latin America.

EIA Just Increased Their 2022 U.S. Oil Production Growth Estimate By 20%

The EIA has revised their production forecast to be more bullish.

ConocoPhillips (COP) Q4 2021 Earnings Call Transcript

CEO Ryan Lance says that they’re budgeting for higher sand prices going forward than they were even 8 weeks ago.

Weaning Europe Off Russian Gas Will Take Time

Pipeline diplomacy with Moscow has built an interdependence that will take years to unwind.

The Great Debate Over 2022 US Oil Production Growth

In early-2022, the magnitude of US crude oil production growth this year is a hot topic.

U.S. Well Services Announces Contract for Nyx Clean Fleet with XCL Resources

USWS will provide a newbuild Nyx Clean Fleet to work for XCL on a contracted basis for up to three years if all optional extensions are exercised.

Frac Scattershooting: 4 Notable Quick Hits From The Oilpatch

A variety of miscellaneous datapoints from around the frac patch from Infill Thinking.

U.S. Silica Announces Price Increases on Industrial and Specialty Products

Price increases will range up to 15 percent, depending on the product and grade. The price increases are effective for shipments starting March 1, 2022.

Tracking The Super Majors’ U.S. Land Rig Count Trends

A look at Conoco, Chevron, Exxon Combined Rig Count Trend.

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