Fracking activity stalls in US, hits frac sand demand

By William Clarke
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 lower oil...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: