Fall in well completions deters frac sand purchases
Published: Tuesday, 08 January 2019
High-Crush's fourth-quarter frac sand sales missed expectations by a wide margin, with the number of well completions falling concurrent with a weakened WTI oil price.
United States-based frac sand producer
Hi-Crush's sales plummeted in the fourth quarter of
2018 due to lower levels of fracking.
On January 7, Hi-Crush reported sales of just 1.97
million short tons in the fourth quarter of 2018, compared to
2.77 million short tons in the previous quarter of 2018....