Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #457 | February 14, 2024
So many stories in the frac sand world this week.
- Of course, the behemoth merger between Diamondback and Endeavor
- New local mine(s!!) in Utah and throughout L48
- Frac sand assets and equipment sales picking up RAPIDLY based on our intel
- Lots of discussions about the changing shale landscape as a result of the continued consolidation in the E&P space
- Is there a new/old name coming online with wellsite box storage?
20+ stories this week as we catch you up on the latest in the frac sand world. So pour the coffee, shut the door, and read the latest stories and headlines affecting our industry.
And now, the news…
This Week's News
Permian Rivals Reach Deal to Create $50 Billion Oil-and-Gas Behemoth
Diamondback Energy and Autry Stephens’s Endeavor announce merger as torrid dealmaking continues in the oil patch.
Used Portable Frac Sand Plant, 100 Mesh Plant for Sale, and Clarifier
Price is $2MM for the bundle. Open to discussions for full cash offers or individual assets.
E&P M&A Off To A Rip-Roaring Start In 2024
A few things stand out as we look at the evolving shale landscape.
Should investors worry about the Permian Basin’s depletion now?
The flurry of recent activity has raised some eyebrows regarding remaining reserves in the region. Are these concerns justified?
Shale producer Devon Energy in bid to acquire Enerplus
Oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said on Thursday.
Super Majors Need To Build More Permian DUCs In 2024
How are two of the biggest oil companies in the world thinking about shale development programs this year?
SOLD! Looking for an investor in a sand-related project
We are pleased to report that this sand mine has sold.
South Texas Sandemonium Continues
Today an update on a tough situation for pumpers and E&Ps in the South Texas market…
A Texas Oil Driller Banks a $26 Billion Deal, With Regrets
Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked.
Oilfield Service Read-Through In The Latest E&P Mega-Merger
The great Permian E&P consolidation spree continues with another big deal… Here are some quick thoughts on OFS implications in the transaction:
Blue Diamond Proppants Report
Detailed update on new sand mine coming online as well as its primary customer.
Remy: All Oil Everything (Trinidad James Parody)
Remy pushes for a complete ban on petroleum, no matter the cost or the amount of artwork he is forced to splash with soup.
Update On Permian Sand Scramble – Situation Better But Still Not Normal
Field checks on seasonal sand struggles.
Get relevant announcements and news from major outlets, industry leaders, and local media so you always know what’s happening and changing in the frac sand industry.
Subscribe to get our carefully curated summary of relevant frac sand related news and analysis delivered to your inbox each Wednesday.
Share Your News
Send us your press releases and any other news articles which you believe would be of interest to our readers. Email submissions to contact@petroleumconnection.com