Post Tagged with: "sand"

The Permian Oil Boom Is Showing Signs of Overheating

The Permian Oil Boom Is Showing Signs of Overheating

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower

At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

From Bloomberg

For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for drilling. It was hard not to. The industry has been booming in the oil fields of West Texas.…

April 3, 2019 - 4:26 pm Closing Bell Story‎, Energy News
Texas-Size Glut of Frack Sand Means 19% Drop in Prices

Texas-Size Glut of Frack Sand Means 19% Drop in Prices

From Bloomberg

Just a year after rushing into America’s busiest oil field with new mines, frack-sand producers may have overdone it.

West Texas sand used in the hydraulic fracturing process will drop 19 percent this year to about $30 a …

February 6, 2019 - 3:45 pm Closing Bell Story‎, Energy News
Hi-Crush Reports Second Kermit Facility Completed On Time and Under Budget

Hi-Crush Reports Second Kermit Facility Completed On Time and Under Budget

Sand volumes down YOY and sequentially
Frac sand producers are feeling the recent oil price decline, according to an update from Hi-Crush Partners (stock ticker: HCLP).

Hi-Crush reports it sold 1.98 million tons of sand in Q4 2018, compared to

Covia Comes Off Frac Sand Plant Idlings for Q3 Results

Covia Comes Off Frac Sand Plant Idlings for Q3 Results

Frac sand provider Covia Holdings Corporation (stock ticker: CVIA) reported Q3 2018 results and held its earning call on Wednesday.

President and CEO Jenniffer Deckard discussed Covia’s spot pricing in the Permian, how it is coming off of idling some

November 15, 2018 - 2:48 pm Closing Bell Story‎, Oilfield Services
WildHorse Resource Produced 52.4 MBOEPD in Q1

WildHorse Resource Produced 52.4 MBOEPD in Q1

WildHorse Resource Development Corporation (ticker: WRD) reported a net loss available to common stockholders of $123.2 million in Q1 2018, or $(1.24) per share. Net production was 52.4 MBOEPD for the quarter, consisting of 60% oil, 31% natural gas and …

Demand for Frac Sand is “Insatiable”: Hi-Crush CEO

Demand for Frac Sand is “Insatiable”: Hi-Crush CEO

Hi-Crush Partners LP (ticker: HCLP) reported a Q1 2018 net income of $53.1 million, or $0.59 per diluted share. Revenues for the quarter totaled $218.1 million on sales of 2,617,627 tons of frac sand. Capital expenditures in Q1 2018 were …

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

100% year-over-year growth in Midland Basin production; realized price is SM’s highest level in 14 quarters: $37.76/BOE average

Midland Basin operations up to nine rigs and five completions crews; SM expects to double completions in Q2

The Midland Basin produced …

Proppant Company to Increase Capacity to 1 MM Tons by Mid-Year

Proppant Company to Increase Capacity to 1 MM Tons by Mid-Year

Select Sands delivered proppant by barge starting in Q4

Select Sands Corp. (ticker: SNS) reported full-year revenues of $15.1 million, with a gross profit of $2.9 million. However, the company had a full-year net loss of $1.6 million, or $(0.02) …

April 11, 2018 - 3:51 pm Closing Bell Story‎, Fracing, Oil and Gas 360 Articles
Hi-Crush Partners LP Appoints Chief Operating Officer

Hi-Crush Partners LP Appoints Chief Operating Officer

Hi-Crush Partners LP Appoints Scott J. Preston as Chief Operating Officer

Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush Partners LP (ticker: HCLP) will be added to both the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (AMZE) following the close of business on March 16, 2018.

“The addition of Hi-Crush to the AMZ and …

March 13, 2018 - 4:27 pm Closing Bell Story‎, MLPs, Oil and Gas 360 Articles, People
Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales …

Specialty Sand Market Heats Up with Drilling

Specialty Sand Market Heats Up with Drilling

From CBC

Signs of the Canadian oil and gas industry’s recovery from a punishing two-year downturn are emerging in unlikely places, including fine grains of sand.

Demand for the especially round and crush-proof type of sand used to help extract …

January 30, 2018 - 7:39 pm Canada, Closing Bell Story‎, Energy News, Fracing
RPC, Inc. Increases Revenue by 93.4% to $427.3 Million

RPC, Inc. Increases Revenue by 93.4% to $427.3 Million

RPC, Inc. (ticker: RES) announced today its unaudited results for the fourth quarter and year ended December 31, 2017. For the quarter ended December 31, 2017, revenues increased by 93.4% to $427.3 million, compared to $221.0 million in the fourth …

Ban on Sand for Oil and Gas Development Prompts Lawsuit in Minnesota

Ban on Sand for Oil and Gas Development Prompts Lawsuit in Minnesota

Is sand the new oil & gas battleground?

Is sand the next battleground for energy development? The early salvos are taking place in Minnesota’s Winona County.

In late 2016, Winona County commissioners voted to ban what the Minneapolis Star Tribune …

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Chesapeake’s 25,000-Ton Monster Frac and U.S. Silica’s 19,000-Ton Sand Shipment Set Records

Monster fracs, superlaterals are here to stay

Remember when that kid you didn’t like in middle school used to tell you to ‘go pound sand’? Somebody who later became a petroleum engineer has heeded that advice and began to work …