Covia idles more frac sand capacity while demand, prices slip
Published: Monday, 19 November 2018
Frac sand miner Covia has reported falling demand amid an oversupplied market, while it closes more frac sand capacity in the United States.
US frac sand demand has been declining
since July this year, Jennifer Deckard Covia’s
chief executive said, following the company's decision to idle
capacity in Texas.
Covia will cut its Texas sand production by 1.6 million
short tons by the end of January 2019 due to lower demand, the