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Hamm: We Can Double Oil Production to 20 Million Barrels a Day

U.S. drillers have the ability to double the country's oil production to 20 million barrels a day, but doing so too soon would tank oil prices, Continental Resources CEO and fracking advocate Harold Hamm said.

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Oilfield Services Report: Good News for Proppants

Headwaters MB has released its latest Oilfield Services Report. The report states that, “After two years of low or declining commodity prices and low rig counts, signs have begun to emerge that oil and gas markets may finally be on the path to recovery. With some stability in commodity prices, the question now is whether the oil market's optimism will hold while drillers enter budget-planning season over the next few months.”

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Frac Sand Projects Proposed in Wisconsin

According to a report on WIZM news, Lacrosse, Wis., wetlands are at the core of the debate over a couple of proposed frac sand mining facilities in Jackson and Monroe counties. Meteor Timber has two frac-sand mining projects in that area and says they're valued at $65 million and would create 100 jobs.

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Select Sands Names New President and CEO

Select Sands Corp. announced that Zigurds "Zig" Vitols, the company's current chief operating officer, has been appointed president and CEO. Vitols will be replacing Rasool Mohammad, who will be taking on a new role as chief operating officer of Select Sands and president of American Select Corp., a wholly owned U.S. subsidiary of Select Sands.

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