lmurr0726

The National Soap Opera

“Go from the presence of a foolish man, when thou perceives not in him lips of knowledge.” Proverbs 14:7  I stick to things that I can prove. I try to avoid “bad optics.” Yet many Americans, Libertarians in particular think that the infinite regression applied to politics, namely an unending list of questions constitutes proof.…

Materion releases downhole tech proven in Bakken, Permian

Materion Corp., an advanced materials solutions provider, recently introduced a new oilfield coupling that is designed to significantly reduce failures in wells that are prone to extreme rod string buckling and wear deep in wells. The new, trademarked ToughMet 3 Valve Rod Guide Bushing Coupling (VRGB) is engineered to prevent tubing leaks by reducing metalon-…

Frack Fleet CEO: Decades of work remain in Permian

 A year into its existence as a publicly traded company, ProPetro Holding Corp. has secured its foothold in the Permian Basin. In 2017, the company grew employee headcount by nearly 100 percent and saw its hydraulic fracturing fleet utilization rate also near 100 percent. With almost 700,000 HHP from 16 fleets running in the Permian,…

U.S. Silica acquires EP Minerals for $750 million

U.S. Silica Holdings Inc. last week announced a definitive agreement to acquire EP Minerals for $750 million in cash. EP Minerals–with sales of more than $200 million–is a global producer of engineered materials derived from industrial minerals including diatomaceous earth (DE), clay (calcium bentonite) and perlite. The company is the No. 1 or No. 2…

Bakken frack sand provider expands through $15M acquisition

Texas-based Smart Sand Inc. is expanding in North Dakota’s Bakken shale oil play. After announcing the processing capacity expansion of its Oakdale, Wisconsin frack sand mine early this year, Smart Sand has now acquired the rights to a unit train transloading terminal in the heart of the Bakken. Through a $15.5 million deal, Smart Sand…