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Nick Cook, Editor
Issue #368 | April 13, 2022
Some great updates from the Eagle Ford supply and frac sand producer’s attitudes in the Permian. In NWS/Canadian news, Source Energy Services buys out Canadian Silica Industries’ Peace River frac sand facility.
Joseph Triepke’s big, bold prediction on the return of the frac sand peak: our frac sand conference later this year will be over 1,000 attendees.
In times like these, we are here to bring you the latest stories to keep you and your team up to date.
And now, the news…
Source is assuming all operations, distribution, and sale of domestic frac sand from CSI’s Peace River facility.
A follow up in the series of recent reports on Eagle Ford sand market chaos with the latest crazy datapoints.
Roughly 25% of U.S. oil production and 14% of gas production comes from federal lands or waters, according to Interior Department spokeswoman Melissa Schwartz.
What to expect in rig count and DUCs going forward?
One example of a recent industrial development project is a frac sand transload terminal that began operations earlier this year in Pennsylvania. The terminal is a unit train-capable facility and serves the southwest portion of the Marcellus shale in Pennsylvania.
Insight into two key trends in the supply base that are affecting sand in the Permian.
"It is experiencing severe cost inflation, a labor shortage due to three downturns in 12 years, shortages of drilling rigs, frack fleets, frack sand, steel pipe and other equipment and materials,” said Scott Sheffield, chief executive of Pioneer.
Our particular favorite, especially since they're 4/4 so far: "5. The Petroleum Connection’s conference in 4Q22 draws more than 1,000 attendees and our friend Pete Cook has to upsize the conference hall to the max"
Ratcliffe said it was a “ridiculous situation” to have “so much gas under our feet” with the UK in the “midst of an energy crisis with ever increasing prices driving people into fuel poverty whilst giving huge sums of money to oppressive regimes”.
Frac efficiency has stagnated over the past several quarters.
How is frac sand producer behavior shaping the entire frac sand market?
According to GlobalData’s latest report, ‘Unconventional Production in the US Lower 48, H2-2021,’ oil production from the US Lower 48 shale plays has risen by 25% during May 2020 to February 2022.
Some banks including Citigroup arranged more oil-and-gas than green debt in the first quarter.
The economics of frac sand check out, according to executives at Canadian Pacific Railway, who told investors earlier this year that it "can't move as much frac sand as the demand is out there."
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