PROPPANT DEMAND ON THE RISE December 12th, 2016 | Jason Slingsby As producers strive towards maximizing overall recovery, one significant trend seen over the last few years is an increase in the amount of proppant used per well. In 2014 and 2015 low sand prices helped build proppant demand, and ultimate recovery rates materially benefited from the Read More >
Former Staff Sgt. Tino Uli found it hard to put into words what he experienced during his three tours in Iraq. He didn’t have to. The way the brawny ex-security forces airman apologetically paused, blinked back tears, and forced out a simple, “Stuff happened there,” told the story of his first deployment 11 years ago. Every Read More >
OPEC agreed to the outline of a deal that will cut production for the first time in eight years, surprising traders who had expected a continuation of the pump-at-will policy the group adopted in 2014 at the instigation of Saudi Arabia. Oil jumped more than 5 percent in New York after ministers said the group Read More >
With safety and environmental compliance assured, the financial success of a well is measured in terms of high IP rates and excellent EURs. Lateral length, stage size and proppant volumes are all credited with producing a great well. However, the resin-coated sand that was pumped at the end of each stage to help control sand Read More >
TOMAH, Wis., Aug. 2, 2016 /PRNewswire/ — Unimin Corporation announced today that it has added 19 full-time positions to the workforce at its Tunnel City, Wisconsin plant in the second quarter of 2016. Mark Massicotte, the plant manager at the facility, stated that there are now 84 employees working at the site. “Due to increased Read More >
The Permian Basin has received the lion’s share of new drilling activity from US E&P companies as WTI has begun to recover from its lowest price since 2003. However, as recent months have shown, volatility is still the market watchword. A factor contributing to this volatility is uncertainty around what price will bring back real gains in Read More >
Esri, a world leader in geographic information system (GIS) technology, presented Unimin Corporation with a Special Achievement in GIS (SAG) Award recently, at their annual User Conference. Selected from over 300,000 eligible candidates, Unimin received the award in recognition of leadership through GIS in our innovative application and vision, deploying the ArcGIS Platform throughout our Read More >
PORTAGE, Wis. — Unimin Corporation Portage Facility in Columbia County has become part of Tier 1 in the Green Tier program. The business invited neighboring residents, businesses and representatives of the Wisconsin Department of Natural Resources to a neighborhood meeting, sharing environmental activities taking place at the Portage Facility and goals for future environmental endeavors. The Wisconsin DNR Green Tier Read More >
With lower oil and gas prices prevailing, it’s no surprise producers are running fewer rigs: the US horizontal rig count is currently sitting at 321 rigs, down by 342 rigs year over year. However, the decrease in wells drilled has not been shared equally across regions or producers. Comparing 2016 YTD drilling activity for the top ten most active producers to the same period in 2015 highlights some major market themes.
Parsley Energy recently announced the purchase of 30,000 acres of mineral rights in Pecos and Reeves counties in Texas. This $280 million deal follows their April acquisition of leased acreage in the same counties, extending their position and ownership in the Southern Delaware Basin. Parsley’s current investor deck indicates the investment in this area is a push towards forming a second core growth area apart from their Midland Basin position. And between last month’s leasehold acquisition and the recent mineral rights purchase, Parsley’s investment totaling near a half billion dollars in the Southern Delaware should point to an area of high potential.