Nick Cook, Editor
Issue #375 | June 1, 2022
Fairly light week following the three-day weekend. Interesting stories about radio-active non-sand proppants and a projection about 2023’s frac sand demand.
The results of last week’s survey are in, and we’ll be hosting a happy hour in Houston later on this summer, so stay tuned for the details once we get that finalized! It’s always a busy time in the frac sand industry, but this year is one of the busiest we’ve had in a long time. It’ll be great to share a few drinks.
And now, the news…
This week, our Lium colleagues updated their quarterly data packet and D&C model with fresh forecasts for 2023 on a $100 oil base case – updated databases include D&C Model, E&P Spending, Rigs, Wells, Frac, Shale Fleets, Frac Sand, and sand prices. In this chart of the day, we share a snippet from the big data release: frac sand demand forecast…
Since fracking made oil deposits more accessible, it’s no secret that some environmental damage could lie ahead.
Civil site work and prep is underway at the Basin’s newest in-field mine.
Frack sand, a vital element for modern gas and oil production, has grown increasingly scarce in key US shale plays, adding inflationary pressures and in some cases hobbling efforts to boost output.
While fossil fuel investments may be needed as Europe seeks to reduce Russian supplies, longer investments could derail climate goals, some say.
Rising rig counts, record forecast production from the Delaware Basin, and another forecast for record production for the whole Permian from the EIA are just some of the latest news from the star U.S. shale play.
Admittedly, we pay far less attention to these “other” materials day-to-day in our research than we pay to big ticket items in well AFEs like frac sand, rigs and frac crews. However, we recognize their critical purpose served in oil and gas activity.
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