Resumen de Truck off: Capacity squeezed in frac sand markets
The front-month West Texas Intermediate oil price currently stands around $57 per bbl.But sand demand is also being driven by a shift in fracking philosophy, with oil companies increasingly focusing on “touching more rock,” which means getting as much sand down the hole as possible. Truckers are already in high demand on the Gulf Coast of Texas, due to the rebounding chemical sector, he noted, while the reconstruction work currently taking place in Houston in the wake of Hurricane Harvey is likely to further increase demand.With ample job supply in the more densely populated coastal regions, there is also little incentive for truckers to move to the West Texas oilfield in search of jobs, he said. [...]systems are increasingly popular because, in addition to their logistic benefits, they help to reduce both particulate air pollution and noise pollution, which is useful for fracking operations close to inhabited areas.
