Tuesday, December 24, 2024

Mining Sand: the Shale Producers’ Newest Business Line

E&P companies are turning to self-sourcing sand to keep costs down The world of driving down well costs never sleeps. Oil and gas companies are increasingly looking to “do it themselves” instead of paying out cash for services needed to complete wells. Proppant is one of the most important components of a modern completions job, and its price reflects this.

Brand New Investment and Production Targets: HighPoint Resources Reveals 2018 and 2019 Plans

$525 million will create 80% production growth for 2018, and another $600 million for 2019 HighPoint Resources (ticker: HPR), the newly-formed merger of Bill Barrett and Fifth Creek Energy, announced its 2018 guidance today, positioning itself as one of the most important players in the DJ Basin. HighPoint plans to spend about $525 million in 2018, spending that will be