Nick Cook, Editor
Issue #364 | March 16, 2022
As always, your Frac Sand Digest has the biggest stories over the past week.
And now, the news…
Detailed analysis on Smart Sand's conference call and what that means for NWS and how the conversations are shifting in terms of the advantage of NWS over local.
Overall tons sold were 3,189,000 for the full year 2021, compared to full year 2020 volume of 1,886,000 tons, an increase of 69%.
Cartel holds off revising its forecasts for oil demand, supply and global economic growth due to the fast-changing situation in Ukraine.
“And in the last year and a half, the industry has been able to increase the number of producing wells without really dramatically increasing drilling, because they’ve been eating down that inventory of drilled but uncompleted wells,” said Mark Finley, a fellow in energy and global oil at Rice University’s Baker Institute for Public Policy.
Tight supply chains are restricting the oil industry’s access to staff, equipment and sand needed in hydraulic fracturing, limiting its ability to increase production amid a surge in oil prices, the CEO of Occidental Petroleum said on Tuesday.
They achieved the safest year in Company history with a 13% improvement in its Total Recordable Incident Rate and a 6% improvement in its Lost Time Incident Rate year-over-year.
International efforts to sanction Russia for its invasion of Ukraine have magnified a long-running dilemma for the European Union: Its attempts to wean itself from coal have left it more reliant on Moscow for natural gas.
Even as Secretary of Energy Jennifer Granholm was using the platform of a major energy industry conference to call on the nation’s oil producers to ramp up production, what was being said during other sessions made clear that was not likely to happen.
Source Energy Services had its target price boosted by equities research analysts at BMO Capital Markets from C$2.00 to C$2.75 in a research note issued to investors on Thursday, The Fly reports.
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