Frac Sand Companies: An Overview

The outlook for frac sand is pretty positive, especially considering today's tough markets; however, many frac sand companies are privately held.

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Company News

Chevron Subsidiaries Sign Agreement with SK LNG

Chevron Corp. (NYSE:CVX) announced that its Australian subsidiaries have signed a sales and purchase agreement (SPA) with SK LNG Trading Pte. Ltd. (SK).

Bechtel Announces 150 Redundancies at QCLNG

Australian Mining reported that Bechtel Group Inc. will demobilize 150 construction workers at the QCLNG plant on Curtis Island in the coming weeks as site requirements decrease.

Woodside Registers $7-billion Sales Revenue Record

Woodside Petroleum Ltd. (ASX:WPL) announced record 2014 production and sales, but also warned that it will cut expenditures in 2015 due to weaker commodities prices.

Sabotage Confirmed at Buru Energy Gas Well

Australian Mining reported that the Department of Mines and Petroleum (DMP) has found that a leaking valve at a Buru Energy Ltd. (ASX:BRU) gas well was deliberately damaged.

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Market News

A Decline in Gas Use More Likely than Shortage

Australian Mining reported that even though gas developers have been warning of impending gas shortages in New South Wales, the gas demand in NSW is likely to fall, leading to a price shock.

LNG Tanker Leaves Gladstone Harbor

The Gladstone Observer reported that the world's first shipment of liquefied natural gas to be processed from coal seam gas has left Curtis Island, bound for Singapore.

British Columbia Approves Site C Dam

The government of British Columbia has approved the Site C Clean Energy Project on the Peace River. Premier Christy Clark said the project would provide the province with reliable, clean power for the next century.

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