World Oil (Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s so strange that Texas crude producers are facing a sand shortage of more than 1 million tons and prices that have jumped 150%. Frac sand, which
Reuters U.S. Silica Holdings Inc said on Friday it had cut about 230 jobs, or 10% of its workforce, as demand for its frac sand comes under pressure from oil and gas producers reducing drilling in the backdrop of volatile prices. The job cuts included employees impacted by idling of its two mines in Utica, Illinois and Tyler, Texas,
From AP/WMTV EAU CLAIRE, Wis. (AP) — Wisconsin’s frac sand industry is grappling with several idled mines as the sector faces increased competition in Texas and Oklahoma. University of Wisconsin-Eau Claire Professor Kent Syverson believes the region’s frac sand development boom is over. Superior Silica Sands has idled three sand mines in Wisconsin, while Hi-Crush is halting production at its mine in
One of the large frac sand providers, U.S. Silica Holdings, Inc. (stock ticker: SLCA), said today that its Industrial and Specialty Products business for silica sand will increase 2019 prices for most of its non-contracted silica sand and specialty products from 2 to 9 percent, depending on the product and grade. U.S. Silica VP of Investor Relations and Corporate Communications
Chesapeake Energy (stock ticker: CHK) has signed up with Hi-Crush Partners LP (stock ticker: HCLP) for a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake’s completions program in the Marcellus and Powder River basins. Hi-Crush Partners announced a long-term contract with Chesapeake Energy to supply Northern White sand to Chesapeake’s Marcellus and
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
From KWTX KOSSE, Texas (KWTX) U.S. Silica cut the ribbon Tuesday on an $8 million expansion project and its sand mine and processing facility in Kosse in Limestone County. The sand mined and produced at the plant is primarily used by the oil and gas industry as frac sand, the company said. The plant also supplies sand to the construction industry
From Madison.com Domestic drilling for oil and natural gas is expected to drive “extreme” demand for the frac sand prevalent throughout western Wisconsin. The value of proppant sand will exceed $4 billion this year and is expected to grow to nearly $6 billion over the next five years, according to the report from IHS Markit. That’s more than 4.5 times
Atlas Sand Company, LLC has announced the grand opening of its Kermit, TX facility. On July 29, 2018, the first scheduled deliveries of frac sand from the Atlas Kermit site were fulfilled. The Kermit facility’s anticipated production capacity is currently approximately 4 million tons per year, and management expects the facility to reach this production rate within the next six
Shale Support, a leading provider of frac-sand and logistical solutions to the oil and gas proppant market, today announced it has closed on a deal purchasing two natural mines in Kinder and Central Louisiana. This expansion adds 2.0 million tons of nameplate capacity to Shale Support, increasing the organization’s total capacity to 5.0 million tons annually. “We’ve been an ‘in-basin’
From CBC Signs of the Canadian oil and gas industry’s recovery from a punishing two-year downturn are emerging in unlikely places, including fine grains of sand. Demand for the especially round and crush-proof type of sand used to help extract shale oil and gas is climbing, as more drilling rigs get fired up and operators pump higher amounts of sand
Hi-Crush opened 2 new facilities, announced $100 million buyback Q3 highlights Revenues of $167.6 million Quarterly record of 2,456,195 tons of frac sand sold Net income of $29.8 million, resulting in $0.33 basic and $0.32 diluted earnings per limited partner unit Q3 2017 distributable cash flow of $37.5 million vs. $22.9 million in Q2 2017 Resumed quarterly cash distribution of
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