Title : Update On Fracking Sand -- July 14, 2018
link : Update On Fracking Sand -- July 14, 2018
Update On Fracking Sand -- July 14, 2018
Disclaimer: this is not an investment site. I do not know if the linked article is a "sponsored" article over at Yahoo!Financial.It comes from FreighTech / FreightWaves / Benzinga: an industry shift -- an update regarding fracking sand and ceramics. Some interesting data points:
- railroads shipping crushed stone, sand, and gravel, in 2018, so far in 2018, year-over-year comparison:
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- UNP: up over 14%
- BNSF: up almost 12%
- Canadian Pacific: an incredible 20% (actually almost 21%)
- but, UNP giving guidance that this may not continue; many operators now switching to "brown sand" found nearer the oil fields
- US Silica: suggests tht 2018 frack sand demand will hit 100 million tons, up from 66 million tons in 2017; and, 33 million tons in 2016
- US Silica: operators will move to regional ("brown sand") to reduce costs
- Hi-Crush: "Permian Pearl" sand --produced at the Hi-Crush Kermit facility will begin displacing lower quality regional brown sand by next year; Hi-Crush Kermit production: 3 million tons/year
- others suggest that oversupply of frack sand will send frack sand prices plunging
- "supplies are tight now" and "pricing is high but that could change quickly" -- some suggest as soon as later this year
- it appears the only major unconventional play not with no "regional mines" is the Bakken (see the linked article)
Thus Article Update On Fracking Sand -- July 14, 2018
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