Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #421 | May 3, 2023

Highlights this week:

  1. New damp sand service comes online
  2. U.S. Silica makes moves
  3. M&A potential on the pressure pumping side

 

Of course, there’s much more as well. Don’t miss out on the latest and greatest in frac sand!

 

And now, the news…

This Week's News

Intrigue: Who Is NexTier’s Next M&A Target In The Well Site Integration Service Biz?

NexTier’s CIG acquisition last year looks likely to be followed by another vertical integration acquisition in the supply chain.

US Silica Launches Damp SandBoxes & Adds 1mm Tons Of Marketed Wet Sand Supply In Permian

US Silica provided their outlook and some big new disclosures last week.

US Silica Holdings Inc Earnings Call

US Silica's outlook is simultaneously damper but not dampened.

E&Ps Talk About Service Cost Relief

E&Ps have been quick to talk about service cost expectations this quarter.

Road coalition remains cautious lower fatality numbers

To help improve road safety for all Permian Basin residents, Smith said his coalition will intensify its education and awareness efforts this year.

Public Pressure Pumper Points – Takeaways From Last Weeks Calls

Here’s what frac market participants need to know from the latest round of disclosures.

Getting The Rocks Out – New Damp Sand Equipment Deploys To Permian

With damp sand usage increasing, a growing concern is rocks and debris getting in the product, finding their way into the blender, and then breaking or wearing out frac pumps.

LinkedIn Post: Chris Martin, PropFlow

"After long months of design, patent work, and testing we think we have the best system to fully unlock wet sands potential and eliminate the issues."

LinkedIn Post: STEP Energy Services

"We are excited to share that on April 14, STEP set a new Canadian 24-hour proppant pumping record on a five well pad in the Montney."

Land Drillers Feeling The Pressure – Rig Counts & Dayrates Declining

Here’s what to know about the current state of the rig market in the Lower 48.

Select Sands Reports Results for Fourth Quarter and Full Year 2022

Mr. Vitols concluded, “Supported by an expected ongoing positive hydrocarbon pricing backdrop as a result of solid industry fundamentals, we anticipate oil and gas operators will continue to need significant volumes of frac sand to develop their respective asset bases throughout 2023."

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