Fracking activity stalls in US, hits frac sand demand
Published: Tuesday, 22 January 2019
Well stimulation has sharply declined in the United States, with oilfield companies putting frac fleets on standby, suggesting diminishing frac sand demand.
There have been several bad
signals for frac sand demand so far in 2018.
Paal Kibsgaard, chief executive of Schlumberger, told
investors on January 18 that revenues in North
America were down 12% on the previous three month period, "as
customers dramatically cut fracturing activity in response to