Permian frac sand prices have remained steady this week, with FOB Kermit 100m and FOB Kermit 40/70m prices falling by $0.50 per ton respectively. The volatility in price has largely been attributed to increased demand to drill and complete wells to offset production declines in the Permian. In the Permian’s most active areas, we continue to hear of spot prices reaching $13 and $17 per ton for 100m and 40/70m. With higher product demand, trucking and transport efficiency is increased, leading to higher profits for players proximal to more active regions. FOB Odessa Northern White 40/70m sand prices fell by $0.05 ton this week.
Permian frac sand prices have risen this week, with FOB Kermit 100m and FOB Kermit 40/70m prices increasing by $1.50 and $1.00 per ton respectively. The uptick in price has largely been attributed to increased demand to drill and complete wells to offset production declines in the Permian. In the Permian’s most active areas, we have heard of spot prices reaching $13 and $17 per ton for 100m, and 40/70m respectively (read more in the Energy Market Commentary). FOB Odessa Northern White 40/70m sand prices fell by $0.05 ton this week. In the Northern mine gate market, FOB Wisconsin 100m and 30/50m prices remained relatively flat with price movements of within $0.01 per ton of last week’s prices. Meanwhile, prices for Northern White 40/70m at the mine gate decreased by $0.20 per ton. The Primary Vision frac spread count continues to climb, moving from 101 frac crews to 111 for the week ending October 2, 2020. The US rig count continues to hold steady, moving from 261 to 266 as of Friday. The increases in rig count and frac spread count come despite WTI prices staying in the $40 per barrel range with today’s open price set at $37.00 per barrel.
Permian frac sand prices have declined slightly this week, with FOB Kermit 100m and FOB Kermit 40/70m prices falling by $0.20 and $0.35 per ton respectively. FOB Odessa Northern White 40/70m sand prices fell by $0.10 ton this week after last week’s gains.
Nucleus195 is pleased to announce that PanXchange has joined its ever-growing list of content and data providers network.
“PanXchange is an amazing company,” said Scott Duxbury, Nucleus195 Co-Founder. “Their unique sets of data and information helps all participants and that is in line with the same goals of Nucleus195 in helping all investors get access to the information that they need.”
Permian frac sand prices continue to hold steady this week, with both FOB Kermit 100m and FOB Kermit 40/70m prices remaining within a $0.05 per ton bandwidth since last week, although we have begun to see signs of prices moving in a flat (or even slightly downward trajectory). FOB Odessa Northern White 40/70m sand prices rose by $0.20 ton this week.
Permian frac sand prices continue to hold steady this week, with both FOB Kermit 100m and FOB Kermit 40/70m prices remaining within a $0.05 per ton bandwidth since last week. FOB Odessa Northern White 40/70m sand prices rose by $0.05 ton again this week.
Permian frac sand prices continue to hold steady this week, with both FOB Kermit 100m and FOB Kermit 40/70m prices remaining within a $0.05 per ton bandwidth since last week. FOB Odessa Northern White 40/70m sand prices rose by $0.05 ton this week, compared to $0.10 per ton last week, suggesting its pickup in demand is losing steam.
In one of the most monumental transactions in the hydraulic fracturing industry to date, Schlumberger (one of the largest oilfield services companies in the world) is selling OneStim, its North American pressure pumping business line to Liberty Oilfield Services Inc in exchange for a 37% equity stake in the proforma entity. The deal is expected to close in Q4 and with a proforma market capitalization of $1.2 billion and a proforma revenue stream of $5.2 billion. After this transaction is executed, investment bank Evercore confirmed that Liberty will become the third-largest oilfield service company in North America. The strategy behind the deal has become a hot topic of debate, seeing as how the hydraulic fracturing industry has been decimated by crude oil demand concerns amid the global coronavirus pandemic.
Permian frac sand prices continue to hold steady this week, with both FOB Kermit 100m and FOB Kermit 40/70m prices remaining within a $0.05 per ton bandwidth since last week. FOB Odessa Northern White 40/70m sand prices rose by $0.10 ton this week, compared to $0.15 per ton last week, suggesting its pickup in demand is losing steam.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m prices falling by $0.05 since last week and 40/70m prices rising by $0.05 per ton since last week. FOB Odessa Northern White 40/70m sand prices rose by $0.15 ton this week, suggesting a slow but steady pickup in frac sand demand over the past few weeks.