PDAC 2015: Rising frac sand demand per well will shield proppants companies from oil price falls
Published: Monday, 02 March 2015
Victory Silica and other proppants suppliers will not suffer as much as the wider industry seems to expect, IM heard at PDAC. The company says that rising consumption on a per well basis, as well as a stronger long term oil price outlook are under-appreciated.
Silica (frac) sand demand is not likely to suffer as much as
much many in the industry seem to fear, Laird Tomalty, deputy
project director at Victory Silica, told IM at
the Prospectors and Developers Association of Canada (PDAC)
2015 conference in Toronto, Canada today.
Short term prospects may be...