Quake Monitoring Service Protects Fracking Operations
Published: Thursday, 08 October 2015 16:33
QuakeMonitor is a cost-effective SmartSensor-based system that is easy to deploy and inexpensive to operate for companies looking to avoid potentially expensive complications such as damage to structures and the environment when they tap large reserves of oil and gas from shale formations, according to Weir-Jones and Associates.
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Proppant Demand in North America to Reach $8.2 Billion by 2019
Published: Thursday, 08 October 2015 16:21
Demand for proppants in North America is forecast to increase 7.6 percent annually through 2019 to 162 billion lb., valued at $8.2 billion. With oil and gas prices expected to remain subdued in the near term, demand for proppants will decelerate from the extremely rapid growth posted between 2004 and 2014 and future gains will result primarily from increases in proppant loadings in unconventional well completions. These and other trends are presented in Proppants in North America, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
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