Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average in 2022, according to Rystad Energy research. Spurred on by high oil prices and appealing well economics, total production is set to grow by around 990,000 boepd, almost half of which –…
Read MoreDay: May 27, 2022
Short Sand Supplies Will Slow Growth of U.S. Oil Output
Shale oil producers in the United States and Canada are likely to stick to their slow growth plans this year because they lack the sand, steel, drilling rigs and pressure-pumping capacity required to grow faster, according to the Journal of Petroleum Technology.
Read MoreCovia Foundation Drives Community Engagement Forward
Covia believes that when our communities thrive, everyone benefits. The company states on its website, “To us, our commitment to the communities in which we live and operate goes beyond just our implied corporate responsibilities. To be a welcomed neighbor and have a positive impact we must always remember to live our four Clearly Covia Values – Safety First, Be…
Read MoreReading & Northern Receives First Frac Sand Unit Train
Reading & Northern (R&N) took delivery of its first unit train of frac sand on Sunday, May 5. Norfolk Southern Railroad delivered the train to R&N’s North Reading Yard where crews were on hand to receive the train and immediately take it to R&N’s sand storage facility in Pittston, Pa.
Read MoreThis Week’s Market Buzz
• At press time, WTI Crude prices were up 3.17% at $113.69 per barrel and the international benchmark, Brent Crude, rose by 2.41% to $116.65.per barrel.
Read MoreCaterpillar to Sponsor Major League Soccer
Caterpillar Inc. announced a multi-year sponsorship with Major League Soccer (MLS), the fastest growing sports League in North America. With the highest percentage of millennial and multicultural fans of any U.S. sport, the sponsorship is designed to amplify the Caterpillar brand to a broader, more diverse audience in the United States and Canada and to engage with the League’s passionate…
Read MoreA Misleading Story
May 27, 2022 – A story in Texas Monthly magazine – “When a Quarry Closes, Can Its Damage Be Undone?” – is misleading from the headline on down. The initial implication, that a quarry exists to cause damage, is disingenuous at best. The person who wrote that story I am sure has no issue driving on the roads made from the stone a quarry…
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