Frac Sand Weekly News Digest

Nick Cook, Editor

Issue #479 | August 1, 2024

The top 18 news stories related to the frac sand industry from over the past week. Honest looks at OFS pricing, breaking headlines from multiple Canadian supply-chain projects, and a whole lot more.

 

And now, the news…

This Week's News

With U.S. Silica On The Verge Of Going Private, Who Was “Party B”?

Speculation arises about the potential companies looking to make acquisitions in the frac sand market.

Shale Costs Forecast to Fall 10% This Year, Wood Mackenzie Says

The cost to drill and frack new wells in US shale basins is expected to drop about 10% this year as explorers look to get more for less amid record output, according to a report from Wood Mackenzie.

Ovintiv Earnings Transcript

COO Gregory Givens credits local mines, wet sand, and sand piles in their ability to execute trimul-fracs (over half of their Permian completions).

Update On Eagle Ford Sand Supply Stack

Great data about the workforce make up, growth, and the number of operators.

Peaskie Minerals Inc. Acquires Local Trucking Assets and Launches MC Peaskie Transportation Services Inc.

MC Peaskie Transportation will provide Peaskie Minerals with a dedicated trucking fleet to handle the transportation of their energy products to their transload facilities.

Trican to Develop a Transload Facility in Partnership with Source Energy Services

The Facility will be unit train capable and feature approximately 55,000 tonnes of storage and greater than 12,000 tonnes of daily throughput capacity making it one of the largest facilities in northeast British Columbia.

E&Ps Talk OFS Pricing Trends On Early Earnings Calls

What are customers saying about pricing trends?

Harris courts swing voters with fracking reversal

The Hill first reported, citing a Harris campaign official, that the vice president no longer supports a ban on fracking, despite taking the opposite stance when she ran for the Democratic nomination in the 2020 presidential cycle.

How Do Frac Leaders Expect The Rest Of 2024 To Look?

Honest look at the completions levels for the rest of 2024.

Permian to Buy Occidental West Texas Assets for $817.5 Million

Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million.

Peaskie Minerals Inc. Announces Updated Proven Reserve Volumes

Backed by recent drill results, Peaskie now holds a substantial 102 million metric tons (MT) of domestic sand reserves on deeded land in the Opal, AB area.

$15 million railroad project to bring hundreds of jobs to East Texas

More rail line coming to east Texas connecting up to the UP main line.

NexTier Says Tier 2 Frac Service Pricing Has Dropped To Breakeven Levels

A rough point in the OFS cycle gets another datapoint.

Canadian Pacific CEO predicts rail strike in August

Operations at Canadian Pacific Kansas City Ltd. will likely grind to a halt due to a strike expected in the second half of August, says CEO Keith Creel, as shippers gear up for the threat of massive rail shutdown.

Peaskie Minerals Inc. is pleased to announce the formation of a new transload company, PMC Peaskie Transloads Ltd.

PMC Peaskie Transloads Ltd will oversee operations at Beaverlodge, and contracted Grande Prairie Transload locations as well as continuing to explore opportunities to strengthen their Transload services in strategic locations to service the Alberta and British Columbia markets for Proppants.

Permian Flow Assurance Risk Alert – The 6th Biggest TX Earthquake Ever Recorded Just Shook The Midland Basin

Things were getting better on the Permian earthquake front… until last week.

U.S. Crude Oil Inventories Fall for Fifth Consecutive Week

Crude oil stockpiles, excluding the Strategic Petroleum Reserve, fell by 3.4 million barrels last week; Analysts forecast a drop of 200,000 barrels

The Dunes Sagebrush Lizard Saga Continues: FWS Lists the Species as Endangered, Draws Congressional Response

Industry has raised concerns that the listing could restrict further oil and gas and sand mining development by constraining production opportunities and limiting the speed at which production can occur in the region.

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