Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #402 | December 14, 2022
Eagle Ford sand situation is still tight, buyers seeking frac assets, a look at the aging of different aspects of the frac supply chain, and a look at how major E&Ps are seeing 2023.
This week’s digest is packed; let’s get into it.
And now, the news…
This Week's News
“No Sand November” Turns Into “Dystopian December” For Eagle Ford Sand
Frac jobs may be delayed after receiving recent updates.
Buyers looking for Frac Sand Assets
We’ll be officially launching our Frac Sand Asset Marketplace next month, but here’s a sneak peak for some potential buyers…
Local Sand Comes Of Age – A Look At The Average Age Of In-Basin Plants Across Shale
While some other basins had a smattering of small and obscure local sand mines prior to the Permian sand boom, the Permian dune sand rush was what brought local sand to the forefront as a key trend.
ProPetro announces contract for new electric frac fleet
The Midland-based service provider also announced it has ordered two additional electric frac fleets, bringing to four the number of electric frac fleets being added to ProPetro’s hydraulic fracturing offerings.
Super Majors Are Starting To Show Their Cards On Higher 2023 Shale Spending
A look at the estimated number of frac crews and rigs run by Exxon/Chevron.
How Exxon Mobil’s CEO Views Energy Shortages and Increasing Profits
Darren Woods also talks about why the company is steering clear of renewables.
“New Gen” Wellsite Storage Systems Are Aging As Building Has Been Sparse In The Oversupply Era
Wellsite storage systems are aging, and that gives us a look into what percentage of those will need to be replaced in the short-term vs. long-term.
Ohio Senate amendment would speed process to permit fracking on public lands
The Ohio Senate added an amendment to a bill that would change Ohio law to say state agencies “shall” lease, in good faith, public land for oil and gas development.
Exxon Holds Firm on Its Five-Year Spending Outlook
Mobil Corp. maintained its spending plans for the next five years, sticking to its annual budget ranges that were set before the war in Ukraine caused an increase in energy prices and political pressure to increase production.
Tracking The “Born On Date” For The U.S. Frac Fleet
Hydraulic horsepower estimates available broken down by age.
Is productivity starting to drop in US Shale?
Taking a look at three-month cumulative production values in the big plays suggests it might.
So Much For Capital Discipline Part 2… The Budgets & Costs Keep Going Up, Oil Prices Don’t
We think E&P behavior on capex this year exhibits signs of reversion to historical norms, albeit with less leverage than in the past, which is a positive sign for OFS firms because their price increases are translating to more capital not lower activity.
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