Resumen de Overcoming the oil price decline
In early April 2015, some frac sand companies were beginning to feel the pinch. Superior Silica Sand, a wholly-owned subsidiary of Emerge Energy Services, announced on 7 April that it had cancelled plans for a new Wisconsin-based frac sand processing facility as a result of tough market conditions. The company's CEO, Rick Shearer, said that this was a "difficult but necessary decision" that was made owing to the project being no longer "economically viable".
Rick Shearer, CEO of frac sand supplier Superior Silica Sands, explained in January 2015 to the Cap City Times that, "We certainly expect things will be softer in 2015 than they were in 2014." But he added that, "The good news is that those who are still drilling are using more sand per well." The CEO of US Silica shares this perspective.
* Fracking bans : in December 2014, the first ban on new fracking came into effect in the city of Denton, Texas; Governor Andrew Cuomo announced that fracking would be banned in New York state; and in Canada, the New Brunswick government was discussing a moratorium on fracking "unless five specific conditions are met." Further, in 2015, Houston County discussed a frac sand mining ban; Litchfield County town, Washington, proposed the state's first fracking ban; and the Maryland House of Delegates approved a three-year fracking moratorium. On the contrary, Ontario rejected a fracking moratorium on 26 March 2015
