Nick Cook, Editor
Issue #388 | August 31, 2022
Busy week for frac sand news with M&A, new entrants, assets for sale, new e-fleets, Marcellus local sand, and more!
The industry is buzzing as we get ready for November’s 11th Frac Sand Supply & Logistics Conference. As we’re working on the agenda, let us know what you’re most interested in hearing about in our survey!
Three-day weekend is getting closer, but pour that heater in your coffee and take a few minutes to read this week’s newsletter.
And now, the news…
WTI above $80 means frac sand demand will continue to grow through next year. Important forecasts on what will happen if prices drop below that or if it stays about $100.
Gulf Coast Sand, based in Picayune, Mississippi, bought Shale Support LLC in a deal announced Friday.
While unconfirmed, frac sand rumors say they might be the next new name in the game on local sand development in the Permian.
Management pointed out that the new fleets can be configured for either simul-fracs or zipper fracs.
An update on one of the biggest guinea pigs out east.
Fascinating graphs highlighting revenue/fleet for many pressure pumpers comparing Q1 vs Q2.
Sparse Oklahoma yard in 2019 to overflowing yard in 2020 to...
Catching up with the company’s leadership team this week, we learned more about their CNG refleeting efforts announced last week.
Momentum is building among oil producers behind the idea of cutting crude production to stabilize the market, with OPEC’s president the latest to back Saudi Arabia’s suggestion that the alliance might pump less—comments that pushed the price of a barrel back over $100 earlier this week.
Westwood expects to see a stronger increase in activity than previously forecast, however, operators remain wary of threats such as rapid changes in commodity pricing and the pricing of drilling materials such as drill pipe and frac sands.
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