Posts filtered on Tag


(Eddie Seal/Bloomberg News)

Carbo Ceramics suspends dividend in move to preserve cash

As the oil crash continues to pinch budgets and spur a retreat from the oil patch, several companies have announced plans to decided to temporarily stop distributing a portion of earnings as they look for new ways to protect their bottom lines.
(Eddie Seal/Bloomberg News)

Carbo to mothball Georgia proppant plant

Carbo did not say how many jobs would be affected by the plant closure.

Sand boom headed for uncertainty, Moody’s says

With crude prices down more than 55 percent since the summer of 2014, sand producers are facing uncertainty about how much of the material will be needed in the next few years.
Eagle Ford Shale production surges, despite dramatic well declines in the first year, the EIA reported.

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.
Two pelicans watch for fish in the Port Corpus Christi Shipping Channel where the US Naval Ship Benavidez is docked. Monday, Oct. 28, 2013. (Bob Owen/San Antonio Express-News)

Eagle Ford oil transforming Corpus Christi port (photos)

The drilling boom has launched billions of dollars in construction projects at the Port of Corpus Christi, as well as a round-the-clock frenzy to move products in and out of the oil patch, and to coastal terminals and refineries.
Hi-Crush Partners operates two sand facilities in Wisconsin, and just acquired a third in Pennsylvania. (Hi-Crush Partners)

Hi-Crush Partners completes $125 million deal

Hi-Crush Partners Tuesday announced that it has completed the acquisition of a Pennsylvania sand company, extending its geographic reach.
Research by Andrew Barron, a Rice University chemistry professor, led to the creation of a new type of ceramic proppant for use in hydraulic fracturing.

Technology draws bead on hydraulic fracturing

Companies are rushing to stay on the leading edge of developing ceramic proppant, as research shows that the tiny beads provide a better boost for oil flow than conventional sand when used in hydraulic fracturing.