Rock Products Logo
 

This Week’s Market Buzz

• Several speakers and attendees at a recent frac sand conference held in Denver discussed recent mergers in the frac sand industry and predicted the still-overbuilt industry was ripe for a consolidation.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

• Canadian industrial silica sand demand is projected to rise 6.7 percent annually to 9.81 million metric tons in 2022. Growth will be driven by the need for frac sand by oil and gas suppliers, who rely upon this sand to boost the productivity of existing wells. This and other trends are presented in “Global Industrial Silica Sand, 4th Edition,” a new study from The Freedonia Group, a Cleveland-based industry research firm. Hydraulic fracturing will account for 82 percent of industrial silica sand demand in Canada in 2022. Increased sand utilization per well, and drilling techniques such as longer laterals and tighter frac clusters will account for gains in this market. The fastest increases for frac sand demand will occur in newer and smaller Canadian provinces such as British Columbia, Manitoba and Saskatchewan.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

• Adelphi Construction LC, owned by Industrial Accessories Co. (IAC), recently completed the design/build of two frac sand facilities for Preferred Sands in central Texas and is completing three more plants in parallel. The initial two projects included process and design engineering, site prep, wet plant, dry plant, silo storage, loadout, buildings and fully automated control. Upon commissioning of the plant, IAC and its contract team continued to support Preferred with operational expertise, programming and maintenance supplemental support. This allowed Preferred time to balance the wet and dry plant, increase the operational expertise of their staff and ramp production.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

• U.S. oilfield-service company Halliburton publicly blamed Canadian National Railway Co. (CN) for frac and sand delivery delays and said the issues would negatively impact its quarterly results by 10 percent. Jean-Jacques Ruest took over the reins at CN in March and has vowed “a sense of urgency” in fixing the company’s strategic issues.

Read more: This Week’s Market Buzz

This Week’s Market Buzz

• The global hydraulic fracturing market was estimated at $26.88 billion in 2017 and is witnessing a positive growth of more than 11.5 percent during the short-term period of 2019-2021. This growth will likely show a deceleration post-2022 owing to an expected supply surge, which is shaping up in the global market, according to www.marketexpertz.com.

Read more: This Week’s Market Buzz