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 MoreCategory: Frac Sand
Covia 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 MoreDetmar Logistics Signs Last Mile Logistics Services Agreement
Detmar Logistics entered into a first-of-its-kind multi-year last mile logistics services agreement with Pioneer Natural Resources. Detmar Logistics executed this latest agreement with an innovative approach as a leader in alternative fuel and electrified transportation.
Read MoreSource Energy Services Sand Revenue Increases 22%
Source Energy Services Ltd. announced its financial results for the three months ended March 3. Sustained strength in oil and gas commodity prices continued to buoy strong activity levels in the Western Canadian Sedimentary Basin (WCSB), generating $80.7 million of sand revenue, an increase of 22%, over the first quarter of 2021.
Read MoreSmart Sand Hits Higher Revenues for First Quarter
Smart Sand Inc. announced results for the first quarter 2022. Revenues were $41.6 million in the first quarter of 2022, compared to $35.1 million in the fourth quarter of 2021 and $27.5 million in the first quarter of 2021. Revenues increased in the first quarter, compared to the fourth quarter of 2021, primarily due to higher sand sales revenues resulting…
Read MoreSunny Point Aggregates to build new Louisiana Fac Sand Facility
Sunny Point Aggregates will build a new sand and proppants processing facility at The Port of Caddo-Bossier, located on the Red River Waterway just south of Shreveport-Bossier, La. , according to the Shreveport Times.
Read MoreThis Week’s Market Buzz
• Oil prices continue to rise. At press time West Texas Intermediate was at $110.6 up 4.43%, while Brent Crude was at $111.6, up 4.19%.
Read MoreIs Atlas Preparing for an IPO?
According to a report on Reuters, oil and gas tycoon Bud Brigham is exploring an initial public offering (IPO) of Atlas Sand, in what would be the first U.S. listing of an oilfield services company since 2018.
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