IM Prices 2015
Published: Thursday, 28 May 2015
Low well completion rates hit frac sand volumes, oil prices still down 50% on June 2014 and fire sales slash cost of ceramic proppants. In Bentonite meanwhile, producers are standing firm over offers. A diverse application base shields industry, while cat litter is now clay’s main market driver.
Soft oil price topples frac sand
Prices for hydraulic fracturing (fracking)-grade
silica sand (frac sand) are tumbling in the wake of the
pullback in oil drilling activity, as proppants look set to be
hardest hit of all oilfield minerals.
North American sources recently told IM
that frac sand producers...