Nick Cook, Editor
Issue #360 | February 16, 2022
Friday can’t come soon enough, right?
That’s because this Friday is the frac sand industry update in Houston! It’s the industry’s biggest event of the Spring, and a particularly important one riding the waves of high prices for frac sand. We still have available guest passes, so make sure you secure yours today.
Our timing couldn’t be better to interview Liberty Oilfield Services’ Ron Gusek as their earnings call sparks a lot of this week’s news. Lots of discussion too about the booming production increases and the low sand availability.
Check out the final agenda, and come get the best behind the scenes announcements with us this Friday.
And now, the news…
This Friday, Infill Thinking’s Joseph Triepke moderators a live and in person panel of key frac sand players at the Petroleum Connection’s 7th Annual Frac Sand Industry Update Conference. There is still time to grab a last minute pass if you haven’t yet.
With crude prices at their highest levels in years, U.S. oil drillers are trying to boost output fast, but their efforts have been hit by a shortage of sand to use for fracking operations.
$90+ oil makes its waves throughout the industry rig counts.
You can read about Liberty here, but you’re better off listening to their President, Ron Gusek, talk about it with us on Friday.
As the domestic oil-and-gas industry continues to rebound from the spring 2020 price collapse caused by the onset of Covid, the U.S. is again the world’s top oil producer—almost 20% above the other two largest producers, Saudi Arabia and Russia—and the world’s top natural-gas producer.
The US’s Haynesville Shale saw a 53% year-on-year (YoY) rise in the number of natural gas rigs in 2021.
An opinion in response to a push for the government to restrict LNG exports that would result in high domestic prices.
Read more and other takeaways from Patterson-UTI’s earnings call.
“Liberty's expanded team and technologies with the addition of PropX should drive large improvements in efficiency, safety, and costs.” – Chris Wright, CEO
Liberty talked quite a bit about sand and logistics on their earnings conference call this week along with their usual airtime on pumping market fundamentals.
The UK's only two shale gas wells are to be abandoned after the industry regulator ordered them to be sealed.
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.
Event Registration – $25