This Week’s Market Buzz

• Oil futures lost ground at press time, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude. West Texas Intermediate crude for November delivery fell 58 cents, or 1.4%, to $40.38 a barrel on the New York Mercantile Exchange, December Brent crude was…

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This Week’s Market Buzz

• Source Energy Services Ltd. said that its sand volumes for the second quarter were 814,000 metric tonnes (MT), of which, approximately 85 percent were made through Source’s Canadian distribution network or at customers’ well sites. This brings Source’s 2018 six-month sales volumes to 1,456,000 MT, after selling 643,000 MT in the first quarter of 2018.

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This Week’s Market Buzz

Republican presidential nominee Donald Trump is stirring unease in the oil and natural gas industry with his remarks about hydraulic fracturing, according to a report from The Hill. Trump supports fracking but said towns and states should be allowed to ban the drilling practice. That position is at odds with industry groups and congressional Republicans, who say the practice is…

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Frac Sand Insider Day One

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Nov. 17, 2014 – More than 200 people have gathered in Pittsburgh for Rock Products’ second Frac Sand Insider conference. The first day of the event featured a keynote address by fracking advocate Greg Kozera; a financial analysis of the frac sand market by Brandon Dobell of William Blair; an overview of frac sand drying by Jeff Morris, vice president, Heyl & Patterson Inc.; a session…

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Barletta Roundtable Seeks Hazard Mitigation Solutions

A Federal Emergency Management Agency (FEMA) official agreed to work with U.S. Rep. Lou Barletta (R-Pa.), local officials in Pennsylvania, and other stakeholders to try to resolve outstanding hazard mitigation efforts that cannot move forward due to a new FEMA policy that bans fracking underneath any property purchased with FEMA mitigation funds.

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This Week’s Market Buzz

Eleven minor earthquakes shook central Oklahoma recently, renewing speculation that the area’s oil and gas drilling boom – fueled by fracking – is to blame for an increase in seismic activity. During a 14-hour stretch the U.S. Geological Survey recorded seven quakes ranging from magnitude 2.6 to 2.9 in areas northeast of Oklahoma City. In addition, a 4.3-magnitude temblor hit…

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