Frac Sand Weekly News Digest
Nick Cook, Editor
Issue #528 | August 6, 2025
Bankruptcy comes back to the frac sand space, and while this particular one took us a little off guard, we think this is a bump in the road for this operator but is likely not going to have much for long-term effects. In other news, Exxon continues to promote more growth in the future (while touting increased gains in pet coke-supplemented wells); also, they are on the M&A path after posting record production.
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Fill up that coffee mug, stretch a little, delay the impending work hustle and bustle for just another 3-5 minutes, and let’s dig into the latest.
And now, the news…
This Week's News
Filing Alert: FCI Sand Operations Chapter 11
The filing indicates that there will be funds available for distribution to unsecured creditors.
Bankruptcy In Frac Sand
Broader industry context for bankruptcies in the frac sand industry.
Bankruptcy In Frac Sand Part 2 – What We Learned From The Petition & Other Filings…
Excellent research into FCI's ch. 11, why it was the case, and what the future looks like.
Exxon Sees M&A Possibilities as Oil Giants Post Lower Profits
U.S. oil majors, hit by anemic prices as OPEC pumps more, report smaller profits.
ExxonMobil kicks up activities in Basin and Guyana
While some operators in the Permian are talking about peak production, the company’s current plan is to grow Permian production from about 1.6 million oil equivalent barrels to 2.3 million by 2030, Woods said.
LinkedIn Post: Leen Weijers
A visual model which simply represents averages of completion and production specifics regarding proppant mass and spacing.
CPKC says cross-border steel shipments effectively 'shut down' due to tariffs
HOWEVER: for CPKC, the impacts of dwindling cross-border steel trips were partially offset by more shipments of frac sand, which is used to extract oil and gas.
PureWest Shrugs Off Uncertainty to Actively Pursue M&A
Growth may take shape organically or via M&A, but it’s likely coming to the Rockies’ PureWest Energy, which is “actively seeking opportunities,” PureWest COO Kristel Franklin told Hart Energy.
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