From Bloomberg For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for drilling. It was hard not to. The industry has been booming in the oil fields of West Texas. But today the U.S. frack-sand industry is swimming in an excess of supply that has battered prices and cut the
Frac sand provider Covia Holdings Corporation (stock ticker: CVIA) reported Q3 2018 results and held its earning call on Wednesday. President and CEO Jenniffer Deckard discussed Covia’s spot pricing in the Permian, how it is coming off of idling some of its higher cost facilities, and how Northern White sand volumes will change through the holiday season. Highlights from the
From the La Crosse Tribune A combination of competition and logistics snarls have led to the recent idling of Midwestern frac sand mines, but the slowdown may be temporary. Hi-Crush notified the state on Tuesday that 37 people will lose their jobs by Nov. 9 as a result of an unrelated shut-down of the Whitehall plant. “We have no choice
Locally sourced frac sand gets the job done at a discount Last week, Alpine Silica, a private supplier of frac sand, announced that it will open two new frac sand projects—one in Van Horn, Texas and the other in Fay, Oklahoma, further adding to its existing sand portfolio. Alpine estimates that the Oklahoma plant and the Van Horn facility will
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