Are Oil and Gas Companies Running out of Sand?

In a new note, Morgan Stanley’s (MS) Ole Slorer, Benjamin Swomley, and Connor Lynagh write that exploration and production (E&P) companies have discovered that if they use more sand when they frack unconventional shale plays, they are able to increase the amount of reserves they can extract from the ground. MS forecasts sand demand growth of 96 percent in 2016…

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