Overcoming the oil price decline
Published: Thursday, 28 May 2015
North America’s fracking industry was rocked towards the end of 2014 after the Organization of Petroleum Exporting Countries (OPEC), which controls nearly 40% of the world oil market, failed to agree on production curbs. This, coupled with a US oversupply situation, sent the oil price tumbling. With rig counts, drilling activity and proppant demand taking a hit as a result, many began to question the impact this decision would have on the future of fracking and, as a result, proppants.*
Emma Hughes and Vasili Nicoletopoulos
By Emma Hughes and Vasili
A so-called shale gale has swept across the US in
recent years, driving growth in domestic natural oil and gas
generation and increasing the demand for oilfield minerals.
The following seven factors, combined, have been widely
acknowledged as being instrumental in the success of...