Falling US oil well completions hit frac sand companies

By William Clarke
Published: Monday, 29 October 2018

The number of drilled but uncompleted wells in the Permian Basin is at a record high, which means bad news for companies selling frac sand.

Sand companies are taking notice of falling oil well completion rates, which is affecting demand for frac sand in the United States.

According to the Baker Hughes' weekly rig count, the number of active drilling rigs in the Permian eased back by 1 to 489 on October 29, after hitting its...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.