Source Energy Services Sees Increase in Sand Volumes

Source Energy Services reported results for the third quarter of 2020 that reflect a rebound in activity levels in the WCSB, favorably impacting sand sales volumes which increased by 11% compared to the third quarter of 2019. While higher volumes were achieved, sand revenue and total sales revenue were lower by $2.4 million and $1.3 million, respectively, for the third…

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This Week’s Market Buzz

According to Oil Pro, oil prices rose toward $34/bbl, amid growing chatter about the possibility of OPEC and non-OPEC producers meeting to discuss cutting production levels to support prices. Brent hit $35/bbl after the Russian Energy Minister said Saudi Arabia had proposed cutting oil output by up to 5 percent by each country in order to bolster oil prices. Brent…

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