The Shale Scene - March 20, 2018

March 20, 2018

Statoil changing name to reflect new energy focus The name Equinor is formed by combining “equi,” the starting point for words like equal, equality and equilibrium, and “nor”, signaling a company proud of its Norwegian origin, and who wants to use this actively in its positioning. READ MORE SHARE
New Chevron Phillips Chemical ethane cracker begins operation Chevron Phillips Chemical has begun operating what it bills as one of the largest, most efficient ethane crackers in the world along the Texas Gulf Coast. Company CEO Mark Lashier says the U.S. shale revolution created the need for the facility. READ MORE SHARE
	Hourglass plans first Colorado frack sand operation Hallador Energy Co. is turning its coal mining expertise towards the frack sand industry. The Denver-based coal mining company that operates in Indiana and was formerly an E&P, is looking to turn $4 million into an in-basin frack sand operation. READ MORE SHARE
Liberty provides first update as public frack company In its first earnings call as a public company, Liberty Oilfield Services' executive team explained its recent accomplishments, expectations for full-year 2018 and the general state of the frack market. READ MORE SHARE
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 will spend $15 million in the Bakken. READ MORE SHARE
Dinosaur-era volcanic ash linked to shale oil and gas formation Geologists at Rice University in Houston believe that the formation of U.S. shale oil and gas plays is related to ash deposits from thousands of dinosaur-era volcanic eruptions. Their study was recently published in Nature's Scientific Reports. READ MORE SHARE