Nick Cook, Editor
Issue #383 | July 27, 2022
Frac sand supply is nearing equilibrium in Texas, but demand for US oil and gas is still outpacing supply. Particularly, the US gas exports to Europe are being pushed and challenged to meet the sky-high demand. Will frac sand pricing stay where it’s at? Read our analyst’s opinions in here.
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As always, compiling the most relevant news into your inbox every Wednesday morning: the Frac Sand Digest.
And now, the news…
Adam Smith's "Invisible Hand" appears to touch Permian frac sand as the drastic demand gap seems to have stabilized. What's the outlook ahead?
Even if exploration companies were to obtain fracking equipment for drilling new or existing wells, the frack sand used to blast through shale rocks is in short supply across Texas.
On Monday afternoon, Liberty reported earnings that smashed consensus expectations (beating both consensus sales and profit expectations and raising guidance above 3Q22 consensus expectations).
Exports of American LNG are booming, but constraints at home and abroad limit how much natural gas the U.S. can add to global supplies.
Frac crew counts continue trending higher despite a much more disciplined frac industry.
It's particularly interesting to note the change to the DUCs and how the efficiency of each well has changed over time.
Sand will likely continue to be an issue, according to Luke Smith, U.S. onshore analyst at Westwood Global Energy Group.
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