US Silica expects frac sand demand to rise further next year
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Published: Wednesday, 08 November 2017
The sand provider reports third-quarter revenues up by 150%, thanks to "robust" demand from the oil and gas industry.
US Silica has forecast that demand for frac sand will go as
high as 100 million short tons in 2018, as proppant use per
well increases.
The United States-based sand company reported record earnings
before interest, taxes, depreciation and amortization (Ebitda)
of $96.7 million in the third quarter of 2017....