Frac Sand 2015: : Will there be blood?

• Autores: Kasia Patel
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 576, 2015 (Ejemplar dedicado a: Octubre)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • [Rick Shearer] suggested that the US market would "get to a bottoming out maybe next quarter", but added that "margins are razor thin now and we've heard people selling at cost - that's not sustainable".

    "The decision to drill but not complete wells is the right thing to do," [Ken DeCubelis] said. "It could put a cap on oil prices as a shock absorber but it's not that big of a deal, it isn't going to cause a 12-month lag on prices or anything." "Rail cars - which used to be called cement cars but are now called frac sand cars - are in storage. There are 1.5 years of frac sand backlog capacity, and it will take a few years before the brand new cars that were ordered last year are being used," [Taylor Robinson] said.