IHS anticipates further falls in fracked oil and gas prices in 2016
Published: Friday, 11 September 2015
Chemical consultancy IHS predicts that unconventional oil and gas prices are likely to fall further this year, with a recovery improbable before 2017. Additional declines are likely to continue to impact oilfield minerals such as frac sand and other proppants, barite and bentonite, for which demand has already fallen.
The prices of oil and gas produced via hydraulic fracturing
(fracking), which have already fallen 31% this year, are
anticipated to continue to drop, resulting in a total decline
of 37% by the end of the year as utilisation reaches a low
point of 44%, according to global chemicals consultancy,