Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #475 | July 3, 2024
Top highlights for your Wednesday morning:
- Truckers stage protest in the Permian (read more here and here).
- Covia finalizes split with its proppants falling under Covia Energy (link).
- Another big E&P deal NOT in Texas with vertically integrated frac sand playing a role (the story).
In last week’s Question of the Week, “Western Canada” was voted as the strongest med/long-term nat gas play. Contribute to this week’s question! To all our American readers, we wish you a joyful celebration of our nation’s birthday – Happy Independence Day.
Read these stories and more as we’ve got you updated on the latest in the frac sand industry.
And now, the news…
This Week's News
Truckers hope protest over unpaid hours and lack of restrooms will spark a Permian Basin labor movement
Low wages and working conditions that truck drivers describe as degrading have sparked an organized labor movement in the Permian Basin, a historic first for the nation’s busiest oil field.
How Does A $1.9 Billion Dollar Sand Deal Happen?
A story that digs into one of the biggest frac sand stories of the year, with a look back behind the scenes at how the deal came together.
Our question of the week
Which of these 3 links in the frac sand supply-chain will see the most meaningful price improvement by end of 2Q25 (one year out)?
Covia Completes Separation of Energy and Industrial Businesses
Michael Segura is the new president and CEO of the split company.
Another Billion-Dollar U.S. Oil Acquisition Is on the Horizon
SM Energy is reportedly in talks to acquire XCL Resources in a deal that has been valued at $3 billion.
Private-Equity Exit Wave Surges Past the Permian Basin Oil Patch
An EnCap-backed producer’s $2.55 billion sale in Utah marks the latest trade outside Texas or New Mexico.
The Latest On A Pile System Service Provider
Interesting article about industry folks we know who burst onto the scene a year and a half ago.
US, Mexican truckers unite to protest low wages, poor working conditions
“In one word, we want justice."
How Capital Efficiency Is Being Bolstered In Shale Plays In Permian And Haynesville
Fascinating history on innovation and the efficiency train all the E&Ps seem to be riding now.
2Q24 Post Mortem – Key Themes & Infill Thinking’s Top 15 Research Reports Of The Quarter
Looking Back At 2Q24… A Quick Thematic Summary.
US Silica has Upside to Sum of the Parts Valuation in a Potential Split
Interesting insights given what Covia just accomplished this week.
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