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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…
Frac jobs may be delayed after receiving recent updates.
We’ll be officially launching our Frac Sand Asset Marketplace next month, but here’s a sneak peak for some potential buyers…
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.
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.
A look at the estimated number of frac crews and rigs run by Exxon/Chevron.
Darren Woods also talks about why the company is steering clear of renewables.
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.
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.
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.
Hydraulic horsepower estimates available broken down by age.
Taking a look at three-month cumulative production values in the big plays suggests it might.
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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