Rock Products Logo
Now Incorporating Aggregates Manager
 

 

 
 

Source Energy Services Offers Business Update

Source Energy Services Ltd. Reported preliminary results for the three months ended March 31. For the first quarter of 2020, Source achieved quarterly volumes of 762,322 metric tons (Mt) and revenue between CAD$93 million and CAD$98 million.

Read more: Source Energy Services Offers Business Update

Court Rules for Proppant Express

Proppant Express Investments (PropX) announced that the United States Court of Appeals for the Federal Circuit upheld the decision of the United States District Court for the Southern District of Texas that PropX did not infringe on any of the patents asserted by SandBox Logistics LLC in a 2017 lawsuit.

Read more: Court Rules for Proppant Express

Rystad: U.S. Oil Output Will Not Recover to Pre-Covid-19 Levels Until 2021

U.S. oil production, which has steeply declined as low prices forced shut-ins, will reach a bottom of around 10.7 million barrels per day (bpd) in June, a two-year low, Rystad Energy estimates, before it starts to slowly recover. Still, U.S. monthly output is not likely to exceed 11.7 million bpd before 2022, a staggering difference from the nearly 12.9 million bpd achieved in March 2020.

Read more: Rystad: U.S. Oil Output Will Not Recover to Pre-Covid-19 Levels Until 2021

Source Energy Addresses Turmoil in the Oil and Gas Industry

Source Energy Services Ltd. reported preliminary results for the three months ended March 31. For the first quarter, Source achieved quarterly volumes of 762,322 metric tons and revenue between CAD$93 million and CAD$98 million for the quarter.

Read more: Source Energy Addresses Turmoil in the Oil and Gas Industry