Thursday, April 10, 2025

Worthless Just Two Years Ago, West Texas Sand Now Brings in Billions

From Bloomberg Standing high on top of a windswept dune in the West Texas plains, Greg Edwards stares out into a vast ocean of sand. It stretches in every direction, interrupted only by an occasional strip of asphalt or clusters of silos that rise high into the sky. Edwards runs a frack-sand mine. And those silos mark the presence of

Oil’s New Technology Spells End of Boom for Roughnecks

From The Wall Street Journal After 20 years in the oil-and-gas industry, Eric Neece was used to its booms and busts. He wasn’t surprised when he was laid off by GE Oil & Gas in Conroe, Texas, in 2015 after oil prices plummeted. He figured his job would come back when prices crept back up. He was almost right. The