Frac Sand latest news

  • April 2016

    Carbo Ceramics Q1 results reveal 122% slide in revenue

    28 April 2016

    The latest round of results from Carbo Ceramics makes for sombre reading. The company has worked hard to realign with muted market demand for its products, and says it expects the depressed market to continue. Carbo has idled plants and reduced expenditure where it could - and expects to spend six times less on capex in 2016. There is no forced optimism in these results - the company believes it may even have to raise additional capital over the course of the year.

  • US Silica results show impact of low drill activity as profits slide into red

    27 April 2016

    North American proppant supplier US Silica Holdings Inc. today released its Q1 2016 results which show the impact of the sluggish drilling market. The company currently operates nine industrial sand production plants, for markets such as glass, and eight oil and gas sand production plants to supply silica (frac) sand for use in the hydraulic fracturing (fracking) process.

  • Price Briefing 1-15 April

    15 April 2016

    Soda ash prices jump 30% as supply tightens; price rally for titanium dioxide, with Chinese prices seeing their biggest jump yet; bauxite producers turn to profitable non-met grades.

  • Market balance on the horizon for oil and gas, says IEA

    14 April 2016

    The International Energy Agency (IEA) has published its Oil Market Report (OMR) for April, and while it expects oil demand to continue increasing, growth is occurring at a slower pace. This, coupled with production cuts, is likely to create market balance and have a positive impact on prices in the second half of 2016. However, a recovery is likely to take slightly longer to trickle down to oilfield mineral producers of barite, bentonite and frac sand.

  • Bernie Sanders and Hilary Clinton clash over fracking

    12 April 2016

    Sanders and Clinton, who are both campaigning to for the US Democratic presidential nomination, clashed over fracking yesterday ahead of the New York primary vote. With Sanders calling for a nationwide ban on hydraulic fracturing (fracking), the oil and gas sector and suppliers of oilfield minerals such as barite, bentonite and silica sand are likely to be keeping a close eye on the presidential race.

  • LWP reports positive test results for fly ash proppant

    11 April 2016

    According to LWP, recent test work carried out on fly ash-based proppants produced at its pilot manufacturing plant in Australia has shown that the material can compete with ceramic proppants – usually manufactured from a mixture of kaolin and bauxite – in terms of quality, but with a lower price tag that competes with frac sand.

  • US oil and gas drilling declines drastically in Q1

    06 April 2016

    The large decrease in natural gas well completions and oil wells shows the impact of sliding gas and oil prices and indicates the slowdown experienced by industrial minerals producers which sell to the sector may be vaster than initially thought. Barytes (barite), bentonite, calcium carbonate and of course silica (frac) sand are just some of the minerals consumed by the oil and gas market.

  • Colorado rejects bill to increase local control of oil and gas land use

    05 April 2016

    Debate over oil and gas land use, local government authority and environmental concern have resulted in a number of suggested new regulations in the US state of Colorado. This week the House of Representatives rejected a bill which would grant local governments increased authority over land use in the oil and gas sector.

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