• 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 recession has not been priced in yet.
• North America Frac Sand, Inc. announced the hire of the company’s new chief business officer. Luis Sierra comes to the company with more than 25 years in the business and financial service industry. Sierra also has a BS and MS focused in Industrial & Management Engineering from Rensselaer Polytechnic Institute.
• An article on Bloomberg, “The Cost of Sand Has Spiked 150% in Texas,” notes that Permian crude producers are facing a shortage of frac sand. New mobile miners say they can help ease the crunch. Read the article here.