Atlas Sand Co. LLC announced the appointment of Jeff Allison as executive vice president, sales and marketing. Responsible for Oilfield Services (OFS) sales, marketing, customer relationships and strategic commercial execution, he will play an integral role in ensuring Atlas will continue to provide premium quality products and services to the Permian Basin, North America’s most prolific resource play.
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This Week’s Market Buzz
At press time, West Texas Intermediate crude for August delivery rose $1.35, or 1.3% to $105.62 a barrel. Brent crude rose $1.30, or 1.1%, to $111.35 a barrel.
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• 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 MorePermian Drilling Permits Hit All-Time Monthly High in March
Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows.
Read MoreNorth Dakota Could Boost Oil Output
North Dakota’s oil output could climb another 100,000 barrels per day by the end of 2022 amid high crude prices, a state energy regulator estimates, according to the Bismarck Tribune.
Read MoreRystad Says Productivity of New Wells in the Permian to Hit a Record High
The average productivity of new wells in the Permian Basin is set to hit a record high in 2022, breaching past 1,000 barrels of oil equivalent per day (boepd) due to a surge in lateral well length, Rystad Energy research indicated.
Read MorePermian Producers Expanding Completions
An article on Reuters noted that as oil prices have surged past $80 a barrel, U.S oil and gas producers are paving the way for faster production by expanding new well completions in the Permian Basin of west Texas and New Mexico, the country’s top shale oil field, according to research data.
Read MoreDemand for Wisconsin Frac Sand Increased Slightly in 2021
According to Rich Kremer, writing for Wisconsin Public Radio, industry experts say demand for Wisconsin frac sand increased slightly in 2021.
Read MoreHalliburton Executes SmartFleet Fracturing System
Halliburton Co. announced a successful execution of its SmartFleet intelligent fracturing system with a major operator in the Permian Basin.
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• Oil prices jumped 3% at press time, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant. Brent crude climbed $2.59, or 3.9%, to $67.75 a barrel after touching its lowest since May 21 at $64.60. U.S. West Texas Intermediate (WTI) crude for October…
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