In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have remained within a $0.10 per ton per ton bandwidth each this week. In-basin sand prices have held steady-to-lower amid stable WTI pricing and sand producers pricing their volumes competitively as the frac spread count increases to attract new customers. The PanXchange team expects pricing to be at or near a stable price floor, and for pricing to rise as demand opens up, and domestic supply lags behind due to lack of upstream investment. While WTI prices have increased, the best leading indicator for Permian spot sand pricing continues to be levels of upstream capital expenditures.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have remained within a $0.10 per ton per ton bandwidth each this week. In-basin sand prices have held steady-to-lower amid stable WTI pricing and sand producers pricing their volumes competitively as the frac spread count increases to attract new customers. The PanXchange team expects pricing to be at or near a stable price floor, and for pricing to rise as demand opens up, as domestic supply lags behind due to lack of upstream investment. While WTI prices have increased, the best leading indicator for Permian spot sand pricing continues to be levels of upstream capital expenditures.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.20 per ton per ton each this week. In-basin sand prices have held steady-to-lower amid stable WTI pricing and sand producers pricing their volumes competitively as the frac spread count increases to attract new customers. The PanXchange team expects pricing to be at or near a stable price floor, and for pricing to rise as demand opens up, and domestic supply lags behind due to lack of upstream investment. However, the strong returns shown by companies like Ovintiv and EOG Resources with the integration of their own proprietary in-basin sand mines could pose a significant threat to existing producers despite an increase in proppant demand.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.25 per ton and $0.35 respectively this week. In-basin sand prices have held steady-to-lower amid stable WTI pricing and sand producers pricing their volumes competitively as the frac spread count increases to attract new customers.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.60 and $0.45 per ton respectively this week as additional supply continues to come online.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.10 per ton and $0.05 per ton each this week following relatively stable pricing last week. The rate of price decline has slowed over the past 3 weeks, indicating that Permian sand prices are beginning to stabilize as WTI continues to settle in the $60-$70 per barrel range.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.40 and $0.20 per ton respectively since last week. This is attributable to WTI spot prices holding below $70 per barrel for 3 consecutive weeks.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.50 per ton each this week following relatively stable pricing last week. This is attributable to a lagged response after WTI spot prices have held below $70 per barrel for 2 consecutive weeks.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have decreased by $0.10 per ton each, however, price trends appear to be largely unaffected by the recent drop in WTI spot prices.
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