According to Jason Christopher Willett, commodity specialist, National Minerals Information Center, U.S. Geological Survey, the estimated U.S. output of construction sand and gravel produced and shipped for consumption in the second quarter of 2022 was 274 Mt, essentially unchanged compared with that of the second quarter of 2020.
Read MoreCategory: Frac Sand
Athabasca Revenue Up 127% in Second Quarter
Athabasca Minerals Inc. announced results for the second quarter ending June 30, and a strategic refocusing as part of the new emphasis on its core business and initiatives.
Read MoreAtlas Sand Appoints Allison Executive Vice President
Atlas Sand Co. LLC announced the appointment of Jeff Allison as executive vice president, sales and marketing. Responsible for Oilfield Services (OFS) sales, marketing, customer relationships and strategic commercial execution, he will play an integral role in ensuring Atlas will continue to provide premium quality products and services to the Permian Basin, North America’s most prolific resource play.
Read MoreGulf Coast Sand Acquires Shale Support Assets
Gulf Coast Sand (GCS), a privately-owned and independent producer and supplier for specialized sands, blended sands, abrasives, and gravel, announced the acquisition of assets originating from Shale Support LLC.
Read MoreThis Week’s Market Buzz
• Oil prices will hold steady for the rest of the year with marginal declines in 2023, analysts estimated, with the exception of one who foresees “more bullish than bearish factors” for the market going forward. Analysts who spoke to CNBC said they expect current oil prices to hold throughout the second half of 2022, though the impact of a…
Read MoreIstmo Energy Starts Operations at Two Rail Terminals
Istmo Energy LLC announced the start of commercial operations at the first of two rail terminals under its control. The Pecos-East Rail Terminal Istmo acquired in 2021, located in Pecos, Texas, consists of two unit-train loops with more than 20,000 ft. of usable track and direct connection to the UPRR.
Read MoreShale Producers Facing Hedging Losses
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year if oil prices remain around $100 per barrel, Rystad Energy research showed. Many shale operators offset their risk exposure through derivative hedging, helping them to raise capital for operations more efficiently. Those who hedged at lower prices last year are in…
Read MoreHighPeak Comments on Second-Quarter Success, Flat Top Frac Operations
HighPeak Energy announced that net sales volumes, excluding the acquired Hannathon production during the second quarter 2022 averaged 21,995 Boe/d, consisting of approximately 86% oil and 95% liquids.
Read MoreSmart Sand Trumpets Successful Second Quarter
Smart Sand Inc. announced results for the second quarter 2022. Revenues were $68.7 million in the second quarter of 2022, compared to $41.6 million in the first quarter of 2022 and $29.6 million in the second quarter of 2021. Revenues increased in the second quarter, compared to both the first quarter of 2022 and the second quarter of 2021, due…
Read MoreThis Week’s Market Buzz
• At press time, Brent crude futures were down 13 cents, or 0.1%, at $96.46 a barrel at 1339 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up 28 cents, or 0.3%.
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