PropX has been acquired by Liberty Oilfield Services. This combination will enable PropX to enhance its equipment development as well as logistics data, software and technology, offering the industry “an unparalleled last-mile solution of equipment, software and frac experience,” the company stated.
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This Week’s Market Buzz
Goldman Sachs has reiterated its forecast that Brent crude will hit $80 per barrel this summer as demand quickly recovers. “Rising vaccination rates are leading to higher mobility in the United States and Europe, with global demand estimated up 1.5 million barrels per day (mb/d) in the last month to 96.5 mb/d,” the investment bank said in a note as…
Read MoreAOGR Special Report: System Eliminates Frac Sand Drying
This article from the August 2020 issue of The American Oil and Gas Reporter highlights the latest innovation from PropX – an innovative and patent-pending last mile frac sand logistics system designed to deliver wet or dry sand from the sand source to the frac blender.
Read MorePropX, SandBox Patent Squabble Continues
Proppant Express Investments LLC (PropX) announced that the United States Patent and Trademark Office, through the Patent Trial and Appeal Board (PTAB), invalidated patent claims of a SandBox Logistics LLC patent.
Read MoreHi-Crush Has Successful Test of Integrated Delivery Solution
Hi-Crush Partners LP announced the successful pilot test of its PropStream integrated delivery solution, which is designed to structurally enhance the efficiency of sand delivery in the well completion process.
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