Tuesday, April 19, 2016

Filloon's Update On The Bakken: Focus On Proppant -- April 19, 2016

Summary:
  • ceramic proppant demand is down 49% year over year
  • operators continue to increase proppant per well, but are choosing to use more frac sand
  • a large number of mega-fracs use little to no ceramic proppant
  • the current ceramic proppant market is oversupplied and higher oil prices probably will not right the industry
Archived.
Of the 233 wells in North Dakota using 8 million lbs of proppant or more only five used any ceramic proppant. Some of this is skewed due to EOG being the main Mega-Frac producer, but it speaks volumes when we see this many use only sand.

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