Fall in well completions deters frac sand purchases

By William Clarke
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....

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