Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #365 | March 23, 2022

Private E&Ps getting some great coverage this week as their nimbleness has allowed them to quickly respond and adapt to this market. Especially without being restrained by pressures of major stockholders, they’ve been able to do what makes sense.

 

Other news discussing how sand problems in west Texas are moving south, North Dakota’s production could climb up to 100,000 barrels per day, and discussions about how frac sand supply, the use of DUCs, and investor wariness are dampening the industry’s ability to meet demand.

 

In fun recreation stories, check out sandboarding in Monahans and nature walks at sand mines in Wisconsin.

 

Lots of great articles to read this week, so pour the coffee and dig in.

 

And now, the news…

This Week's News

Sand “Rationing” In South Texas As Eagle Ford Proppant Market Swings Into Undersupply

South Texas frac sand market has taken a turn for the worse if you are buying sand.

Oil’s sudden rise creates new demand, challenges for frac sand

If limited inventories of in-basin sand and a shortage of truck drivers persist, companies may have no choice but to lean more on rail-dependent sand from the Upper Midwest, which could lift Class I railroads’ carloads.

Oil Market’s Big Winners: ‘Little Guys’ Who Are Eager to Drill

With oil prices today gyrating around $100 a barrel, Endeavor Energy Resources, and a few other privately held U.S. drillers, have emerged as pivotal players in the global energy market.

Small Private E&Ps Are Now The Majority In Shale Drilling

Since 2020, the private E&P activity in the unconventional drilling mix has moved up substantially.

North Dakota's daily oil output could climb 100,000 barrels by year's end, regulator estimates

North Dakota’s oil output could climb another 100,000 barrels per day by the end of 2022 amid high crude prices, a state energy regulator estimates.

From Sandboarding to Parasailing, Adventures Await in the Lone Star State

After picking up a load of sand in Monahans, try sandboarding in this state park.

Gas Prices Shoot Up at Fastest Rate on Record

Inflation-adjusted gas prices are at their highest levels since 2014 and similar to what U.S. drivers saw in the early 1980s.

Why U.S. oil producers aren’t jumping to fill the world’s energy void

"The [frac sand] market is getting tighter in terms of availability, pricing is higher, and then even if you can source the sand, there are issues [such as] can you get the trucks to move it to where you need it?" William Janela, analyst at Credit Suisse, tells Axios.

US Shale Gas Output Shatters Records, But Challenges Loom

Efficiency has driven US shale gas production to new heights even as E&P companies continue to pursue a low- to no-growth strategy, but challenges producers have managed to avoid so far loom on the horizon.

Shale Companies Drilling More, but Oil Output Growing Little

“Even if oil jumps to $200 a barrel today, there’s nothing more that can easily be done,” said Manish Raj, chief financial officer at private oil producer Velandera Energy Partners LLC in Louisiana.

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How Oil Could Hit $200 And Beyond

Analyst predictions about factors that could lead to $200+ oil.

+1 Storage Solution Competing For West Texas Wellsites

A last mile system design new to the Lower 48 but experienced abroad makes it’s Permian debut.

These field trips explore Wisconsin's special natural places — including some closed to the public

You can visit nest boxes to help band America's smallest falcon at Badger Mining.

Calgary’s Calfrac Says Russian War Injects ‘Risk and Uncertainty’ for Global Operations

Calfrac Well Services Ltd., a Calgary-based specialist in hydraulic fracturing that works in Canada, as well as Argentina, Russia and the United States, said a revival in drilling last year and commodity prices provide momentum, but there is uncertainty on the horizon.

Smart Sand Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Smart Sand from a hold rating to a buy rating in a research note released on Thursday morning, Zacks.com reports.

2022 Public E&P Capex Budget Patterns & Predictions

Chart detailing the capex trend for public E&Ps in 2022.

Covia Holdings LLC -- Moody's upgrades Covia's CFR to B2 from B3; outlook stable

The upgrade reflects Covia's earnings recovery and significant deleveraging in 2021, driven by strong execution and favorable end markets.

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