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…
Speculation arises about the potential companies looking to make acquisitions in the frac sand market.
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.
COO Gregory Givens credits local mines, wet sand, and sand piles in their ability to execute trimul-fracs (over half of their Permian completions).
Great data about the workforce make up, growth, and the number of operators.
MC Peaskie Transportation will provide Peaskie Minerals with a dedicated trucking fleet to handle the transportation of their energy products to their transload facilities.
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.
What are customers saying about pricing trends?
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.
Honest look at the completions levels for the rest of 2024.
Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million.
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.
More rail line coming to east Texas connecting up to the UP main line.
A rough point in the OFS cycle gets another datapoint.
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.
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.
Things were getting better on the Permian earthquake front… until last 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
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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• 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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