In our latest blog post, we would like to give a high-level summary of a case study on Canadian E&P Crew Energy. Crew Energy has been focused on continuous improvement on the ESG front, such as water transfer through existing pipelines, and natural gas to power drilling and hydraulic fracturing. However, a major improvement to their ESG efforts came through the locally sourced frac sand, resulting in reduced environmental impact in addition to reduced costs.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m prices the same as last week and 40/70m prices rising by $0.05 per ton. FOB Odessa Northern White 40/70m sand prices rose by $0.20 ton this week, suggesting a slow but steady pickup in frac sand demand over the past few weeks.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m prices the same as last week and 40/70m prices rising by $0.10 per ton. FOB Odessa Northern White 40/70m sand prices rose by almost $0.35 ton this week, suggesting a slow but steady pickup in frac sand demand over the past few weeks.
Permian frac sand prices continue to hold steady this week. FOB Kermit 100m prices remained flat and 40/70m prices rose by $0.20 per ton this week. FOB Odessa Northern White sand prices (in particular 40/70m) rose by $0.30 ton this week, suggesting a slight pickup in frac sand demand.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.05 and $0.25 per ton each this week. FOB Odessa Northern White sand prices (in particular 40/70m) rose by almost $0.80 ton this week, suggesting a slight pickup in frac sand demand.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.05 and $0.15 per ton each this week. FOB Odessa Northern White sand prices remained flat again this week, suggesting continued limited demand for Northern White products in the Permian.
Rig platforms are often in remote locations with harsh, dangerous environments and limited resources for human operators on site. That is what makes them the perfect environment to implement robots, according to robotics researcher Anders Røyrøy at Equinor. There is also less to worry about with respect to social distancing in the age of COVID-19.
Permian frac sand prices continue to hold steady this week, with FOB Kermit 100m and 40/70m prices rising by $0.10 and $0.15 per ton each this week. FOB Odessa Northern White sand prices remained flat again this week, suggesting continued limited demand for Northern White products in the Permian.
In this episode, Justin sits down with Alex Meleshko, Manager of Frac Sand at PanXchange to discuss Commodity Trading and Physical Commodity Markets with Alex Meleshko. Alex also talks about how his recent marriage and move to Denver during the COVID-19 epidemic.
During periods of low oil prices, industry players commonly perform “look back” exercises to lower their costs and optimize their supply chain to come out stronger on the other side of a downturn. Since one of the largest cost components for the upstream oil and gas supply chain is frac sand, this is a great place to start.