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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