The price assessment under consultation for delisting is the
MB-BEN-0003 Bentonite (all grades),
crude, bulk, rail hopper cars, exw Wyoming, $ per short
Quality: Crude, bulk
Quantity: Min 100 short tons
Location: Ex-works Wyoming, US
Unit: $ per short ton
Payment terms: Within 30 days
Publication: Last Thursday of every
Notes: Bulk rail hopper cars
Feedback from market participants during informal
consultations suggested that there was little need for a
Wyoming bentonite price, given the wide range of alternative
muds in the onshore US drilling market, and the range of other
bentonite sources in the global market.
The low-value, high-volume nature of Wyoming bentonite meant
that prices paid by drillers were not closely correlated to the
In addition, bentonite prices have shown low volatility
compared with other drilling inputs.
Fastmarkets will continue to cover oilfield mineral markets
with its range of barite and frac sand prices.
The consultation period for this proposed amendment will end
one month from the publication of this pricing notice, on
Monday March 15, while the amendment will be made, subject to
market feedback, on Tuesday March 16.
To provide feedback on this proposal, or if you would like
to provide price information by becoming a data submitter to
this price, please contact William Clarke by email at: firstname.lastname@example.org.
Please add the subject heading 'FAO: William Clarke, re:
To see all Fastmarkets’ pricing methodology and
specification documents, go to https://www.fastmarkets.com/about-us/methodology.