Frac Sand Weekly News Digest

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…

This Week's News

Northern White Sand Market Outlook – Conference Call Highlights

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.

Smart Sand, Inc. Announces Fourth Quarter and Full Year 2021 Results and the Acquisition of the Hi-Crush Blair, Wisconsin Facility

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%.

Ukraine War Could Severely Hurt Global Growth and Oil Demand, OPEC Says

Cartel holds off revising its forecasts for oil demand, supply and global economic growth due to the fast-changing situation in Ukraine.

Frackers face labor, equipment and materials shortages as they try to capitalize on high oil prices

“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.

Permian Drilling Heat Map As Rig Count Rises

Big gains in response to skyrocketing prices.

Tight supply chains restrain growth in US oil output – Oxy

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.

The High Cost of Europe’s Energy Security

Europe risks getting into a bidding war with China for gas supplies as it moves to rapidly reduce its dependence on Russian energy.

U.S. Silica Announces Release of 2021 Sustainability Report

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.

Advertiser Space Available

How Europe Hopes to Wean Itself From Russian Natural Gas

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.

Calls to increase US oil production mostly getting shrugs for now

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 Price Target Raised to C$2.75 at BMO Capital Markets

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.

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 [email protected]

Advertising

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