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Frac sand supply to increase by 10% in 2019

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Demand for sand to be used by the oil and gas industry in hydraulic fracturing operations in the US is set to grow by 10% in 2019 and 17% in 2020, said a report.

According to Rystad Energy, frac sand supply, on the other hand, is forecast to increase by 10% in 2019 and then decrease by 2% in 2020 as more Northern White Sand will come off the market.

The Eagle Ford Basin in South Texas could play a pivotal role for sand price developments going forward, said Rystad Energy, the independent energy research and consultancy headquartered in Norway with offices across the globe, does not expect in-basin sand prices in the Permian to increase in the forecast period as incremental capacity additions at these mines are not as capital-intensive as at new greenfield mines.

Frac sand demand is forecast to reach 181 million tons in 2024, representing 8% annual growth from 2019 to 2024 (compound annual growth rate, CAGR). The Permian is expected to grow from 55 to 85 million tons in the same time period.

FRAC SAND rystadenergy.com

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Frac Sand

The Frack sand Glut Means 19% Drop in Prices

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West Texas sand used in the hydraulic fracturing process will drop 19 percent this year to about $30 a ton compared to 2018, according to industry consultant Rystad Energy AS. Sand pricing is a key financial input for oil explorers because fracking is the most expensive phase in drilling an oil well. –  Bloomberg

Hi-Crush Partners LP, the first to open a mine in West Texas, said Wednesday in announcing fourth-quarter financial results that its Midwest mines felt the biggest pain from the Permian sand boom. And while the Houston company expects more high-cost mines to idle or close throughout the industry because of the heightened competition, it added that the so-called Northern White sand mined in Wisconsin is not dead. – worldoil.com

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Frac Sand

Minnesota Supreme Court case challenging the constitutionality of Winona County’s ban on new frac sand mines.

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All sides have now staked out their arguments in a Minnesota Supreme Court case challenging the constitutionality of Winona County’s ban on new frac sand mines. The final written arguments were filed this month, and the court is currently scheduling an oral argument date — possibly this spring — before it makes a ruling. Whether plain-old sand and frac sand are the same thing remains at the heart of the case.
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