Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #468 | May 15, 2024

Positive earnings results from ProFrac, Smart Sand, and Source Energy as we catch up on the latest in the frac sand world. If you haven’t seen, sponsorship and attendee registrations are now live for our Canadian Frac Sand Summit and the big annual Frac Sand Supply & Logistics Conference.

Pour that coffee, and let’s dive into the latest in the frac sand world.

And now, the news…

This Week's News

ProFrac Read Through For Frac & Sand

ProFrac earnings last week were met with applause on Wall Street.

ProFrac Holding Corp. Q1 2024 Earnings Call Transcript

Regarding sand: "We are a little behind schedule on the transformation our team has embarked on, primarily due to weakness in natural gas activity and the impact of weather."

Smart Sand, Inc. Announces First Quarter 2024 Results

"Smart Sand had a strong first quarter," stated Charles Young, Smart Sand's Chief Executive Officer. "Compared to the fourth quarter of 2023, sales volumes increased by over 30%, contribution margin doubled and Adjusted EBITDA increased by almost..."

Canada Seeks Ruling on Mandatory Shipments During Potential Railroad Strike

The review requested by Canada’s labor minister could delay a threatened walkout at the country’s two big railroads.

Rigs & Crews By Operator

Updates from all the public E&Ps.

Covia Investors’ $6 Million Deal Over Fracking Sand Complete

Covia Holdings Corp. investors’ agreement to settle their claims against the bankrupt fracking sand producer’s former CEO for $6 million received final approval from a federal court Thursday.

OPEC Sticks to Oil-Demand View, Posts Fall in Overall Output

The Vienna-based group said in its monthly report that it continues to forecast oil demand to grow by 2.2 million barrels a day this year and by 1.8 million barrels a day in 2025

+1 Permian E-Fleet Prompts Quick Thoughts On The “ESG-Fleet” Recapitalization

Interesting notes to consider despite the pricing pressure affecting the frac market right now.

PropFlow Announces David Ward as CEO

Ward is responsible for continuing to build out and lead PropFlow’s growing operations as the company provides innovative, patented technology, designed to eliminate debris from proppant at the wellsite, to producers in the Permian Basin and other oil and gas producing regions.

Source Energy Services Reports Q1 2024 Results

They realized gross margin of $35.6 million and Adjusted Gross Margin of $43.2 million, increases of 12% and 14%, respectively, when compared to the first quarter of 2023

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AGENDA - NOV 18

  • Frac Sand Equipment Expo Begins 9:00 am
  • Exhibitor Setup for Frac Sand Conference 1:00 pm
  • Frac Sand Equipment Expo Ends 4:00 pm
  • Speaker/Sponsor Reception at Frac Sand Equipment Expo 4:00 pm

AGENDA - NOV 19

AGENDA - NOV 20

  • Networking Breakfast in Exhibit Hall 8:00 am
  • General Sessions with Breaks in the Exhibit Hall 8:30 am
  • Conference Closes 12:00 pm
  • Exhibit Hall Beak Down & Move-Out 12:00 pm
  • Conference Golf Outing 1:00 pm

SPONSOR ADD-ONS

  • Frac Sand Equipment Expo 20'x40' Space $3,500
  • VIP Dinner on November 19th $7,500
  • Coffee Mugs SOLD
  • Notebook SOLD
  • Speaker/Sponsor Reception on November 18th SOLD
  • Conference Mobile App $3,000
  • Day 1 Kick-Off SOLD
  • Day 2 Kick-Off $3,000
  • Lanyard SOLD
  • Networking Lunch on November 19th SOLD
  • Networking Reception Glasses SOLD
  • Day 1 Morning Break (Video ad) $2,500
  • Day 1 Afternoon Break (Video ad) $2,500
  • Day 2 Morning Break (Video ad) $2,500
  • Day 2 Afternoon Break (Video ad) $2,500
  • Case Study 1 $2,500
  • Case Study 2 $2,500
  • Charging Station $2,500
  • Printed Program $2,500
  • Conference Wifi SOLD
  • Golf: Water Bottles SOLD
  • Golf: Hosted Hole (Beverage Station & Contest) $3,700
  • Golf: Hats $3,500
  • Golf: Cigars $3,200
  • Golf: Divot Tools $3,200
  • Golf: Balls $3,200
  • Golf: Towels $3,200

The Frac Sand
Summer Happy Hour

Event Registration – $25