Nick Cook, Editor
Issue #466 | May 1, 2024
A few frac sand companies undergo major changes over the past week: one major public announced private acquisition, another public officially privatized in its finalized sale, and one shuttering their frac sand operations.
We are starting to see the capital markets react to the current market conditions: high oil prices, low gas prices, E&P consolidation, low frac sand prices, soft frac prices, and very low trucking rates.
Lots to read about, so pour the coffee and dig in.
And now, the news…
Funds managed by affiliates of Apollo Global Management Inc. will buy frack-sand provider US Silica Holdings Inc. for $1.21 billion, the latest in a wave of acquisitions in the shale industry.
The corporate landscape in frac sand is evolving in some big ways this year.
The project has been significantly derisked for any new owner and located to service multiple industries.
Data driven context as we continue to think through the big frac sand M&A deal announced last week.
Congratulations to both parties on closing this deal (both are regular attendees of both our US and Canadian events).
There's some great talent in this group; it will be interesting to see where they end up.
Big picture takeaways on the evolving frac sand landscape throughout the US.
A reminder of the dangers that frac sand haulers face every day in the Permian.
Read more for an update on local sand mining activity.
Industry insights from the exec team at Solaris.
Quick hits to catch you up to speed on interesting completions supply chain datapoints.
Satellite data reveal the impact of oil and gas drilling on the Permian Basin’s landscape; earthquakes, pressure increases have local communities worried.
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.
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Phone: 214-984-1615 | 33800 Tyler Road, Walkerton, IN 46574
• Nick Cook, Petroleum Connection
• Tim McMahon, UT Bureau of Economic Geology
• Ryan Hassler, Rystad Energy
• Joseph Triepke, Infill Thinking
• Hayden Gillespie, Black Mountain Sand
• Marcus Morton, Cyber Square
• Adam Katz, Badger Mining Corp.
• Brian McConn, Atlas Energy
• Pete Cook, Petroleum Connection [M]
• Kevin Fisher, PropX
• Bob Carter, IAC
• Chris Cloud, Saber Asset Group
• Ryan Zorn, Liberty Energy
• Sam Reynolds, Marathon Oil [M]
• Aric Christman, Encino Energy
• Charlie Crisp, Crisp Supply Chain Solutions
• Jose Sagaseta, Vorto [M]
• Matt Martinez, Texas Chrome Transport
• Sergio Sabatini, OmniTRAX
• Isaiah Martinez, WTS Energy Group
• Rick Pattillo, Lobo Logistics
• Nick Cook, Petroleum Connection
• Kirby Wilkerson, KBW Partners [M]
• Dane Walker, Wall Street Sand Company
• Dr. Anthony Konya, Konya Mining Company
• Jim Otteman, Imperium Enterprises
• William Hitters, CEO, Luxmath Consulting
• Matt Oehler, PropX
• Anna Omsberg, SandPile
• Steve Brock, Nomad Proppants
• Chris Samanns, Signal Peak Silica [M]
• Dave Frattaroli, High Roller Sand
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