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.
Two weeks until our Houston frac sand happy hour, so get your pass today!
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.
Rail lines in Appalachia look to alleviate traffic, hopefully making things even more efficient for railed sand.
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.
Frac sand prices, for instance, had soared by 185 percent over the 12 months to March this year to some $40-$45 per ton, adding to the cost for extracting crude.
Interesting datapoints from across the frac sand world over the past week.
An interactive map of the current average price for a gallon of regular unleaded gasoline in each state.
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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• Nick Cook, Petroleum Connection
• Tim McMahon, UT Bureau of Economic Geology
• Ryan Hassler, Rystad Energy
• Joseph Triepke, Infill Thinking
• Hayden Gillespie, Black Mountain Sand
• Marcus Morton, Cyber Square
• Adam Katz, Badger Mining Corp.
• Brian McConn, Atlas Energy
• Pete Cook, Petroleum Connection [M]
• Kevin Fisher, PropX
• Bob Carter, IAC
• Chris Cloud, Saber Asset Group
• Ryan Zorn, Liberty Energy
• Sam Reynolds, Marathon Oil [M]
• Aric Christman, Encino Energy
• Charlie Crisp, Crisp Supply Chain Solutions
• Jose Sagaseta, Vorto [M]
• Matt Martinez, Texas Chrome Transport
• Sergio Sabatini, OmniTRAX
• Isaiah Martinez, WTS Energy Group
• Rick Pattillo, Lobo Logistics
• Nick Cook, Petroleum Connection
• Kirby Wilkerson, KBW Partners [M]
• Dane Walker, Wall Street Sand Company
• Dr. Anthony Konya, Konya Mining Company
• Jim Otteman, Imperium Enterprises
• William Hitters, CEO, Luxmath Consulting
• Alex Meleshko, LIUM Research [M]
• Matt Oehler, PropX
• Anna Omsberg, SandPile
• Steve Brock, Nomad Proppants
• Nick Cook, Petroleum Connection [M]
• Chris Samanns, Signal Peak Silica
• Dave Frattaroli, High Roller Sand
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