Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #434 | August 2, 2023
Atlas Sand and US Silica highlight important details in their earnings calls. One note I found interesting is looking at the difference Atlas’ product sales and their service sales quarter vs quarter.
And now, the news…
This Week's News
Atlas’s New Sand “Drop Depot” & 100-Ton Payloads Get The Spotlight In Video Update With Earnings Release
Market takeaways we learned from the second earnings report Atlas Energy Solutions has provided as a public company.
Atlas Energy Solutions Announces Second Quarter 2023 Results, Increases Dividend by 33%
Bud Brigham, Founder, Executive Chairman and CEO, commented, "We are extremely proud of our team's strong operational execution that underpinned robust second quarter results. Second quarter sales volumes were 2.8 million tons, which annualizes to a run-rate of just over 11.3 million tons per year.
US Silica Launches Rock Catcher Rental Systems; Talks Frac Sand Market Trends
US Silica provided their outlook and some big new disclosures this week.
U.S. Silica Announces Price Increases on Industrial and Specialty Products
Price increases will range from 8% to 30% depending on the product and grade and go into effect for shipments beginning September 1, 2023.
2023 AIPG Conference Technical Presentations
If you're going to AIPG's annual conference, check out these speaking topics.
Pressure Pumper Management Teams Address Market Challenges
More earnings updates paint a clearer picture of what's happening in the pressure pumping market this year.
Exxon and Chevron Signal They Are Still Shopping for Deals
Though earnings dipped last quarter, oil giants together added $14 billion in profits to their cash piles.
More Teasers, But XTO Is Not Yet Ready To Tip Their Hand On Permian Well Productivity Push
Exxon not saying yet how they'll boost production in the Permian substantially.
Ovintiv Integrates $4.2B Midland Basin Acquisition in Q2
Ovintiv touted strong Permian Basin performance in the second quarter as the company runs a reduced rig program following the June close of a $4.275 billion Midland Basin acquisition.
Private vs. Public E&P Rig Count Trends
Data on differences in rig trends by operator type
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