The frac sand sector has re-entered bullish territory in 2017 as demand is expected to exceed peak 2014 levels before the end of the year, according to a report by Thomas Jacob, a consultant with IHS Markit.
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This Week’s Market Buzz
Now that the price of oil has dropped by 50 percent or more – down to $45 a barrel on Sept. 18 – frac sand production in Wisconsin also has dropped by 50 percent, according to a report on Wisconsin Public Radio.
Read MoreEstimates of Hydraulic Fracturing (Frac) Sand Production, Consumption, and Reserves in the United States
By Don Bleiwas, Physical Scientist, U.S. Geological Survey An aerial view of a frac sand operation in Chippewa County, Wis., circa 2012 (Photograph provided courtesy of Jim Tittle at www.thepriceofsand.com) Background The practice of fracturing reservoir rock in the United States as a method to increase the flow of oil and gas from wells has a relatively long history and…
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