Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #428 | June 21, 2023
Mysterious merger drama with a lawsuit over ownership as a California green energy company buys out an Eagle Ford frac sand mine for $20 million.
Lots more to read in this busy digest with articles about wet sand, northern white, dune express, sand delivery, more mergers, and a whole lot more.
And now, the news…
This Week's News
Cavitation Technologies, Inc. and Eagle Ford Silica Sand, LLC Have Signed a Letter of Intent to Merge Their Operations
Cavitation Technologies provides a proprietary, chemical free water treatment technology that is used to clean and recycle water used in the fracking process and is currently targeting many of the same customers that Eagle Ford already supplies sand.
Sand M&A Headline In South Texas Leaves Us Curious
Last week, an intriguing frac sand M&A transaction was press released involving a $20mm LOI acquisition of an Eagle Ford frac sand operation.
Ownership feud: Frac sand mining business and quarry lands in San Antonio bankruptcy court
Squabbles among business owners occur occasionally, but it’s doubtful there are any quite like the one involving the principals of Eagle Ford Silica (merged with Cavitation Technologies).
Sand: Delivery is Everything
PB O&G Magazine has a great piece covering the recent trends in Permian frac sand innovations we're seeing tested.
Merger Thursday – NexTier / Patterson-UTI Wasn’t The Only Frac M&A Headline Last Week…
Two other business combination transactions worth noting that are relevant in the space.
Proppant Choice at the Oil Well Drives Efficient Operations: In-Basin Sand is Cheaper Upfront, but Quickly Erodes Cash Flow and Profitability
Smart Sand announces a white paper that builds upon earlier research that NWS could be the smarter long-term play for well efficiency.
Atlas Energy’s Dune Express Proppant Conveyor Rolling Into the Permian Basin
The first long-haul overland conveyor system to deliver proppant is under construction in the Permian Basin.
Civitas Scoops Hibernia, Tap Rock Assets for $4.7 Billion
DJ Basin player enters the Permian Basin with a pair of asset purchases from private-equity vehicles.
Who’s Next? “Big 4” Frac Consolidation Puts Roll-up Pressure On Smaller Pressure Pumpers
The frac service space has consolidated quite a bit over the past couple years – the BIG are getting BIGGER in pressure pumping.
Can ExxonMobil Lead A Second Shale Revolution?
Woods laid out his recent challenge to his internal staff to find ways to double the company’s per-well recoveries in its U.S. shale operations over the next five years.
People On The Move – Frac Sand Leadership Changes
Highlight for leadership changes in a few key positions in the frac sand world.
Scope 3 Emissions: What Businesses Need to Know
Under the proposed rules, some registrants also would be required to disclose Scope 3 emissions if such emissions were material to investors or if the company had made a commitment that included reference to Scope 3 emissions.
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