Nick Cook, Editor
Issue #379 | June 29, 2022
Happy hour, re-fracs grow, lawsuits, importance of proppant movement in frac casing, and more! This is a packed digest, so close the door and read all the latest going on in the frac sand world.
Registration, sponsorships, and all the details for our summer frac sand happy hour are now available! It will be a great, casual time for us to get together on a summer afternoon. A perfect, extended time for networking leading up to November’s Conference.
And now, the news…
A re-frac can be up to 40% cheaper than a new well, according to experts. More importantly, it can double or triple oil flows from aging wells.
Ovintiv is adopting a fascinating niche/novel approach to wet sand management on the wellsite happening in the Permian right now.
The critical thing is to get proppant exiting from most of the perf clusters, and into the created fractures.
Officials didn’t criticize those executives for profiteering, as President Biden has done in recent days, participants said, leading to more constructive discussions in a meeting that lasted about an hour.
ProFrac is acquiring small cap clean frac company U.S. Well Services in a stock for equity deal with debt assumption.
Optimism remained high among US oil executives heading into the third quarter of 2022, according to a survey conducted by the Dallas Federal Reserve, although headwinds continue to build due to rising operational costs, ongoing supply chain constraints and significant labor shortages.
Continuing off last week's projection, what does the rig count in the Permian look like going forward?
Bryan Shinn, chief executive officer, commented, “Since announcing the strategic review, the macro environment has improved dramatically."
Ranchers are the original environmentalists and have always been on a path to making sure that what we are doing today is ensuring that the environment will sustain future generations.
They are riding the brakes, having changed their business models to focus on generating profits for investors rather than increasing production.
In a redirection of flows, America sells more to Europe, while Russia becomes more dependent on sales to Beijing.
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