Tuesday, December 6, 2016

Sand Mines Reopening

Here's another report from last week on the expected rebound of demand for frac sand. According to the article, "Wisconsin frac sand producers say they are poised for another sand boom after an agonizing two-year lull." Some industry folk anticipate returning to 2014 production levels next year.

However, not all observers are so optimistic.

"Oil industry analytical firm IHS is a little more guarded in its predictions for the frac sand market in 2017. Managing Director Samir Nangia expects demand to grow by 15 percent per year. The most recent IHS ProppantIQ report states there are around 20 idled sand mines in the U.S., most of them in Wisconsin, accounting for 26 million tons of idled frac sand production capacity."

See the full article: Rich Kremer, "Wisconsin Frac Sand Producers Bullish About Market Rebound," WPR, December 1, 2016.

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