Resumen de Oil prices unlikely to increase above $50/bbl until 2018

Industrial Minerals

• "At $50/bbl (sustained basis) expect rig count to increase," [Michael Schaal] told delegates. "At $60/bbl (sustained basis) expect drilling activity to surge." "There has been a shift in the Permian Basin towards brown sand," Twin Eagle's Jason Jennaro said, adding that the company produces both brown and white sand.

  Both [Rick Shearer] and [Jordan Sands CEO Scott Sustacek], during a producer panel at the conference, expressed surprise that there had not been more consolidation among sand producers since the downturn in the oil market, suggesting that the industry may now be reaching the "tipping point" where more will happen.