The Water Resources Development Act of 2020 (WRDA) was approved as part of the year-end omnibus and COVID-relief legislative package.
Read MoreCategory: Frac Sand
Schlumberger Limited, Liberty Oilfield Services Do Deal
Schlumberger Limited SLB has completed the deal with smaller rival, Liberty Oilfield Services Inc. LBRT, to contribute its onshore hydraulic fracturing business in the United States and Canada, known as OneStim.
Read MoreTexas Frac Marks Two Years Without a Lost Time Accident
Texas Frac of Saint Jo, Texas, has marked two years without a lost time accident, according to a press release from the operation’s parent organization, FLASH Family of Companies.
Read MoreSource Energy Services Completes Recapitalization Transaction
Source Energy Services Ltd. together with its affiliates, completed its recapitalization transaction pursuant to a plan of arrangement dated Nov. 25, 2020, under the Canada Business Corporations Act.
Read MoreThis Week’s Market Buzz
• A Reuters poll of analysts in late December showed a broad expectation that Brent Crude will average “a smidge above $50/bbl this year,” PVM Oil Associates said. U.S. benchmark West Texas Intermediate crude futures broke above $50/bbl this week for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel-per-day production…
Read MoreWisconsin Lawsuits Target Frac Sand Mines
Nearly a dozen western Wisconsin residents filed new lawsuits against frac sand mines in Jackson and Chippewa counties, while almost four dozen others are trying to amend four lawsuits against Hi-Crush mines in Trempealeau County, according to News8000.com.
Read MoreCovia Bankruptcy Plan Approved
Covia announced the United States Bankruptcy Court for the Southern District of Texas, Houston Division, confirmed its Plan of Reorganization.
Read MoreAdvocacy Groups Decry North Dakota Fracking Aid
Two advocacy groups are questioning the legality of the state’s new program that funnels federal coronavirus aid to oil companies to reimburse part of the cost of fracking wells, according to the Bismarck Tribune.
Read MorePetroteq Oil Sands Plant to Restart
Petroteq Energy Inc., an integrated oil company focused on the development and implementation of its proprietary oil-extraction technologies, announced that work to upgrade the capacity and reliability of its oil sands plant at Asphalt Ridge has been completed. Commissioning of the plant is now also complete.
Read MoreThis Week’s Market Buzz
• At press time, oil prices fell after a new strain of coronavirus discovered in the U.K. sparked fresh travel restrictions across Europe and concerns that there may be more lockdowns globally. Brent crude oil, the international benchmark, dropped 2.6% to $50.91 a barrel. Futures tied to West Texas Intermediate, the main U.S. crude gauge, fell 2.8% to $47.74 a…
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