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We’re excited to announce the forthcoming merger of Unimin Corporation and Fairmount Santrol

December 12, 2017

We’re excited to announce the forthcoming merger of Unimin Corporation and Fairmount Santrol, a leading provider of high-performance silica sand, headquartered in Ohio. Combining the capabilities and expertise of our two long-standing businesses, we will work together with a shared vision for the future, delivering industry-leading solutions for customers throughout our energy and industrial markets. Read More >

Oil heads for four-week high as demand for crude rises. By Jessica Summers, WorldOil

September 6, 2017

NEW YORK (Bloomberg) — Oil approached a four-week high as refiners revved up plants pounded by Hurricane Harvey, sparking demand for crude. Futures rose as much as 1.4% in New York while gasoline dropped, extending a three-day, 23% decline. Motiva Enterprises LLC’s refinery 90 mi east of Houston, which processes more crude than any other North American Read More >

Iraq braves break with tradition to get oil’s true worth. By Serene Cheong, WorldOil

August 29, 2017

SINGAPORE (Bloomberg) — OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. Iraq is considering plans to use a new reference price for sales to Asia, according to traders, who received a notice from the state oil company Read More >

Oil, gas climb as Hurricane Harvey heads for Texas coast. By Jessica Summers, WorldOil

August 25, 2017

NEW YORK (Bloomberg) — Oil edged higher and gasoline futures jumped as traders braced for Hurricane Harvey’s impact on the U.S. refining hub on the Gulf Coast. Futures in New York pared a weekly loss to 1.9%. Gasoline futures surged as much as 4.6%. Some oil and natural gas wells have been shut in the Gulf Read More >

Unimin Announces Development of West Texas Sand Plant

July 7, 2017

Unimin Corporation (“Unimin”) announced today plans to construct a sand processing plant in West Texas. The new facility will be capable of producing up to 5 million tons of regional sand per year and will serve as another channel by which the Company will fully and efficiently service the evolving dynamics of the Oil and Read More >

New Pipeline Infrastructure to Accommodate Rise in Permian Oil Production: EIA. By WorldOil.

May 9, 2017

  WASHINGTON, D.C. — As crude oil production in the Permian basin of western Texas and eastern New Mexico has increased, pipeline infrastructure has also increased to deliver this crude oil to demand centers on the U.S. Gulf Coast. One indicator of a potential shortfall in available takeaway capacity in the Permian is a negative Read More >

Oil Set for Longest Gain This Year. By Mark Shenk and Grand Smith, WorldOil.

April 10, 2017

NEW YORK and LONDON (Bloomberg) — Crude headed for its longest run of gains this year as Libya’s biggest oil field suffered another outage while Russia signaled it’s weighing an extension of OPEC-led production cuts. Futures gained for a fifth day in New York, adding to last week’s 3.2% gain following a U.S. military strike Read More >

Trends in US Shale Breakeven Prices. By Corey Boettiger, BTU Analytics

March 9, 2017

Given the current commodity price environment, there has been a recent focus on the economics of US shale production. Understanding the value of acreage in different parts of the country, and determining the price at which producing from a given well economically makes sense, are some of the market’s big questions. In the E&P Positioning Report, Read More >

DUCs Are Done, But PUCs On Horizon? By Kathryn Downey Miller, BTU Analytics

February 22, 2017

Over the past two years BTU Analytics has written extensively about DUCs or drilled but uncompleted wells, with our first energy market commentary on the topic posted all the way back in January of 2015. But over the past several months, we’ve been telling our clients that the market impact of DUCs is essentially done, and the Read More >

So Long, DUCs; PUCs Are The Future as Drilling Pace in Permian May Not Be Sustainable. By Leticia Gonzales, NGI

February 21, 2017

The pace of drilling activity in the Permian Basin cannot be sustained as a lack of takeaway capacity will inevitably lead to a backlog of drilled but uncompleted (DUC) wells in the Permian Basin (PUC), some analysts say. As of Feb. 17, there were 303 rigs operating in the Permian Basin, up just two from Read More >