By Penny Aschenbrenner Q: What do oil companies and sand mines have in common?A: Proppants and profits. The following information describes the crippling inefficiencies of proppant quality control and how it affects the bottom line for sand mines and oil producers. We’ve come a long way since 1866 when the first “exploding torpedo” was used downhole to fracture shale. That…
Read MoreTag: fracking
This Week’s Market Buzz
At press time, Brent futures fell 67 cents, or 0.8%, to $87.71 a barrel, while U.S. West Texas Intermediate (WTI) crude fell 58 cents, or 0.7%, to $84.97.
Read MoreInfoSight Offers Identification and Traceability Solution
InfoSight Corp. is dedicated to bringing identification and traceability solutions to every imaginable application. Highly abrasive environments are tough on components, and obviously just as tough on any identification of those components. InfoSight introduces Gorillabel to identify components used in highly abrasive environments, such as mining, oil drilling and fracking. The identification label, which is pre-marked by InfoSight, is a…
Read MoreRystad: Fracking Back to Pre-Pandemic Levels
Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report shows. The number of completed wells in the Permian basin during the first quarter of 2021 exceeded the required output maintenance level, so oil production is set to rise in the current…
Read MoreThis Week’s Market Buzz
• Oil futures lost ground at press time, prompting prices to turn lower for the week, as an accelerating rise in COVID-19 cases in the U.S. and Europe heightens worries about demand for crude. West Texas Intermediate crude for November delivery fell 58 cents, or 1.4%, to $40.38 a barrel on the New York Mercantile Exchange, December Brent crude was…
Read MoreFracking Using Less Sand
Fracking companies are blasting less sand into shale wells for the first time in almost three years as oil explorers adjust to lower oil demand and prices amid the coronavirus pandemic, according to an article on Bloomberg.
Read MoreThis Week’s Market Buzz
• Source Energy Services Ltd. said that its sand volumes for the second quarter were 814,000 metric tonnes (MT), of which, approximately 85 percent were made through Source’s Canadian distribution network or at customers’ well sites. This brings Source’s 2018 six-month sales volumes to 1,456,000 MT, after selling 643,000 MT in the first quarter of 2018.
Read MoreThis Week’s Market Buzz
Republican presidential nominee Donald Trump is stirring unease in the oil and natural gas industry with his remarks about hydraulic fracturing, according to a report from The Hill. Trump supports fracking but said towns and states should be allowed to ban the drilling practice. That position is at odds with industry groups and congressional Republicans, who say the practice is…
Read MoreFracking to Be Banned in New York State
Gov. Andrew M. Cuomo’s administration announced that it would ban hydraulic fracturing in New York State because of concerns over health risks, a move that strikes a serious blow to frac sand producers supplying product to the Marcellus and Utica Shale plays in that state.
Read MoreFrac Sand Market Ready to Explode
There is sand, sand and more sand in our future.
Read More