Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #369 | April 20, 2022

Atlas Sand has hired Goldman Sachs to research the feasibility of an IPO. This would be the only frac sand supplier to go public since Smart Sand’s in 2016. While they are still researching the option, it’s clear signal that the market is solid and that the sun is shining brighter for frac sand.

 

Another few important news updates are Halliburton’s CEO discussing shipping NWS to TX, in depth data report on one of Smart Sand’s mines, and an update to the Meteor Timber mine case.

 

Enjoy this important weekly update.

 

And now, the news…

This Week's News

BREAKING: Reuters Says Atlas Sand Is Considering IPO, Valuing Them At Two To Three Billion Dollars

The IPO would value the company between $2bn and $3bn including debt, per Reuters sources.

Oil tycoon Brigham prepares rare oilfield services IPO

Oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, people familiar with the matter said, in what would be the first U.S. listing of an oilfield services company since 2018 as the industry makes a comeback.

Wisconsin Supreme Court won't hear company's case to reinstate permit for frac sand operation

In December, a state appeals court panel rejected Atlanta-based Meteor Timber’s request to reinstate a permit to fill 16 acres of wetlands.

Advertiser Space Available

Everything You Could Possibly Want To Know About A Top Five NWS Plant

Ever wonder what the actual capex, cash operating cost, sales price at the mine-gate, volume forecast, etc. looked like for one of the nation’s biggest frac sand mines?

Natural-Gas Prices Rise, Defying Seasonal Trends

As Europe seeks alternatives, demand for U.S. natural gas has driven prices to the highest levels since 2008

Halliburton: “The Sand Shortage Is Over, We Sent More NWS Trains To The Permian, & We Are Raising Frac Pricing”

Halliburton’s conference call this week echoed research presented in Infill Thinking’s recent stream on completions trends around pricing, materials and logistics.

Halliburton Company (HAL) CEO Jeff Miller on Q1 2022 Results - Earnings Call Transcript

"I think the sand is largely behind us. That was a good example of underinvestment in supply chain." - Jeff Miller

Russia’s Oil Industry, Linchpin of Economy, Feels Sting of Ukraine War Disruptions

Refiners are trimming output and in some cases closing down because of falling demand at home and abroad.

Australia: What you didn't know about Silica Sand and Frac Sand in the Northern Territory.

Very intriguing opportunity for a new frac sand mine in Australia.

India: Schlumberger awarded fracking contract in India

Oilex and Schlumberger have executed a Letter of Intent for the supply by Schlumberger of hydraulic fracturing services, coiled tubing and nitrogen services and perforation services for the planned re-frac of the Cambay C-77H well in Gujarat, India, in July 2022.

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