This Week’s Market Buzz
Published: Wednesday, 22 March 2017 11:14
- According to Stratistics MRC, the global proppant market is estimated at $58.46 billion in 2015 and is expected to reach $143.46 billion by 2022 growing at a CAGR of 13.68 percent from 2015 to 2022. A shift towards alternative energy resources is the key factor favoring market growth. The increasing demand for energy and unconventional gas are the key drivers, whereas the high logistics cost is inhibiting proppant market growth. The future growth lies in potential explorable reserves. Frac sand is the leading segment accounting for around 86 percent of the market, while resin-coated proppants and ceramic proppants stand at around 14 percent. North America accounted for the highest market share as compared to other regions.
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Property Owners Challenge Minnesota Frac Sand Ban
Published: Wednesday, 22 March 2017 11:12
A group called Southeast Minnesota Property Owners and Roger Dabelstein, a resident of Saratoga Township in Winona County, Minn., filed a lawsuit in the Third Judicial District Court against Winona County over the frac sand ban passed by the county last year, according to the Post-Bulletin.
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Frac Sand Educational Session a Success at ConExpo-Con/Agg
Published: Wednesday, 22 March 2017 11:11
At the recent ConExpo-Con/Agg show in Las Vegas, Rock Products sponsored an educational session entitled “Frac Sand: How Technology and Market Dynamics will Drive Future Success.” The session – moderated by Editor Mark S. Kuhar – included presentations by:
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Hi-Crushes Buys Former Recreation Area for Sand Deposits
Published: Wednesday, 22 March 2017 11:10
Houston-based Hi-Crush Partners purchased a recreation area formerly known as The Dunes at Kermit, in Kermit, Texas, and has started preparing the site for frac sand production.
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Smart Sand Sees Increases in 2016 Volumes
Published: Wednesday, 22 March 2017 11:09
Smart Sand Inc. announced results for the fourth quarter and full year ended Dec. 31, 2016. Revenues were $59.2 million for the full year 2016, compared with $47.7 million for the full year 2015, a 24 percent increase year over year. Overall tons sold were approximately 826,400 in the full year 2016, compared with approximately 750,700 tons sold in the full year 2015, a 10 percent increase year over year.
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