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Frac Sand Weekly News Digest

Oil Steadies Near $55 As Demand Fears Mix With Tighter Supply

August 13, 2019 | Issue: #232

Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continueto tighten. Futures were little changed after...
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Oil Gains As Saudi Outlays Shrink Amid Simmering Demand Fears

August 13, 2019 | Issue: #232

Oil advanced as the world's biggest oil exporter opened its books to investors amid a deepening U.S.-China trade war that has imperiled global energy demand. Futures settled 0.8% higher in...
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The Current State Of The Proppant Market. IHS Markit Calls The Bottom On Frac Sand Pricing

August 13, 2019 | Issue: #232

The oversupplied sand proppant has led to a drastic cost inflation. In fact, we believe we’ve reached bottom in the pricing trough, which has created unfavorable market conditions for many...
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Q2 2019 Frac Sand Financials - Industry In Slow Recovery As Mine Closures Are First Steps Toward Supply Rationalization

August 13, 2019 | Issue: #232

“While it won't happen immediately, we are seeing the beginnings of a process, which will lead to rationalization of supply. We have already seen supply being idled and shut down...
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Hi-Crush To Halt Production In Whitehall; 35 To 40 People Expected To Lose Their Jobs

August 13, 2019 | Issue: #232

Hi-Crush announced plans Monday to halt production at its frac-sand operation in Whitehall, idling 35 to 40 workers at least through the end of the year. The company cites decreasing...
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Hi-Crush (HCR) Surpasses Q2 Earnings And Revenue Estimates

August 13, 2019 | Issue: #232

Hi-Crush Inc. posted net loss of $117.5 million or $1.16 cents per share in second-quarter 2019, against net income of nearly $67 million or 67 cents in the year-ago quarter....
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Differentiated Logistics Play First Fiddle At Hi-Crush

August 13, 2019 | Issue: #232

17 photographs of physical operations appear in the new Hi-Crush slide deck released alongside their earnings report on Tuesday evening. 10 of these images depict… Login to see the full...
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Hi-Crush Inc.: Turning A Corner

August 13, 2019 | Issue: #232

The picture for Hi-Crush, in its latest earnings release, was rather mixed, with poor pricing and an expectation of falling volumes impacting the firm. However, the big story appears to...
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Emerge Energy Unsecured Creditors Critique $35M DIP Plan

August 13, 2019 | Issue: #232

The unsecured creditors of silica sand proppant mining company Emerge Energy LP are asking the Delaware bankruptcy court to reject the terms of its proposed bankruptcy financing, saying the company’s...
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Southern Red Sands Spotlight After CEO Chat [Part 3/4 Utah Sand Series]

August 13, 2019 | Issue: #232

In an exclusive series of updates over the past couple of weeks, we have been analyzing frac sand market conditions in the often overlooked Utah completions market where big changes...
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U.S. Well Services Sets New Company Record For Amount Of Proppant Pumped In A Month!

August 13, 2019 | Issue: #232

One of our fleets set a new company record for amount of proppant pumped in a calendar month - 61,809.17 tons! Our Clean Fleets and conventional diesel fleets continue to...
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Frac Sand World: Survival Of The Fittest

August 13, 2019 | Issue: #232

Survival of the fittest is an accurate description of the current proppant market conditions. A laser-focused approach has been implemented to cover debt obligations. So, how did one supplier create...
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LinkedIn Posting Giving Overview Of The (New?) Axiom Sandboss Modular Frac System

August 13, 2019 | Issue: #232

Axiom Sandboss is a scalable and modular full proppant management system designed to simplify logistics and product delivery. It can be rapidly deployed and full setup can be completed in...
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Drilling Down: Pioneer’s Big Bet On The Midland Basin

August 13, 2019 | Issue: #232

Irving oil company Pioneer Natural Resources is betting on its leases in the eastern end of Permian Basin. Pioneer filed for eight drilling permits over the past week to develop...
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Permian Fracking Activity Sets New Records With Fewer People

August 13, 2019 | Issue: #232

More Permian Basin wells are being hydraulically fractured and completed than ever before, and the work is being done with far fewer workers than just a year ago, according to...
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Are Frac Sand Customers Almost Done Spiking The Football On Cost Savings?

August 13, 2019 | Issue: #232

The latest operator commentary on frac sand continues to underscore local sand adoption and cost savings – themes that have been consistent on E&P calls since early-last year.
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Sanchez Energy Files for Chapter 11 Bankruptcy

August 13, 2019 | Issue: #232

Sanchez Energy, a Houston oil company that was once one to the most active drillers in the Eagle Ford Shale of South Texas, filed for Chapter 11 bankruptcy Sunday.
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DNR: Faulty Pump Spilled 400,000 Gallons of Mine Waste Into Trempealeau River Tributary

August 13, 2019 | Issue: #232

A malfunctioning pump at a Jackson County frac sand mine spewed about 400,000 gallons of mine waste into a tributary of the Trempealeau River over the weekend, the Department of...
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Research: A New CFD Approach for Proppant Transport in Unconventional Hydraulic Fractures

August 13, 2019 | Issue: #232

For hydraulic fracturing design in unconventional reservoirs, the existing proppant transport models ignore the fluid leak-off effect from the fracture side wall and the effect of fracture roughness. In this...
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A Fossil Fuel Baron, And Frac Sand Facility Owner, Just Bought USA Today

August 13, 2019 | Issue: #232

A fossil fuel baron is now an executive at the largest regional newspaper network in the United States. On August 5, Gannett—the owner of USA Today and regional newspapers in...
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Random: Oil Company Transforms Into Esports Video Game Firm

August 13, 2019 | Issue: #232

How does an oil company turn into a video gaming firm? In 2016, Black Ridge Oil & Gas was struggling during the last oil bust and teetering on the verge...
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