It has been another action-packed week in the world of frac sand as we have seen substantial price changes in both the Permian and Northern White Sand markets. In the Permian, FOB Kermit 100m and 40/70m prices have risen by $1.25 per ton and $1.75 per ton respectively.
It is an exciting week in the world of frac sand, as prices have become increasingly volatile in the new year. In the Permian, FOB Kermit 100m and 40/70m have risen by $0.50 per ton each, after an expected increase in budgetary flexibility, increase in crude oil prices, and increase in trend towards tighter frac stage spacing and increased unconventional lateral well lengths (on average). FOB Northern White Odessa 40/70m prices increased by over $2 per ton last week ( an increase of 3%).
In the Permian, FOB Kermit 40/70m and FOB Odessa Northern White 40/70m frac sand prices continue their remain stable, increasing by $0.05 and $0.15 per ton respectively. Meanwhile, FOB Kermit 100m prices also remained stable, remaining within $0.05 per ton of last week’s prices.
In the Permian, FOB Kermit 40/70m and FOB Odessa Northern White 40/70m frac sand prices have bounced back this week, increasing by $0.05 and $0.25 per ton respectively. Meanwhile, FOB Kermit 100m prices remained stable, remaining within $0.05 per ton of last week’s prices.
We spoke with the Nucleus195 content providers and friends for their thoughts on the markets for 2021. Happy holidays and enjoy! Stay safe and healthy.
Sand prices to continue to exhibit low but stable pricing as, despite optimistic news regarding a coronavirus vaccine, crude oil markets are still fundamentally oversupplied. The oversupply has largely been driven by jet fuel and kerosene products due to continued limitations on transport and travel. This has translated to low but stable drilling and completions activity exhibited by trends in rig and frac spread counts.
Sand prices to continue to exhibit low but stable pricing as, despite optimistic news regarding a coronavirus vaccine, crude oil markets are still fundamentally oversupplied. The oversupply has largely been driven by jet fuel and kerosene products due to continued limitations on transport and travel. This has translated to low but stable drilling and completions activity exhibited by trends in rig and frac spread counts.
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Sand prices to continue to exhibit low but stable pricing as, despite optimistic news regarding a coronavirus vaccine, crude oil markets are still fundamentally oversupplied. The oversupply has largely been driven by jet fuel and kerosene products due to continued limitations on transport and travel. This has translated to low but stable drilling and completions activity exhibited by trends in rig and frac spread counts.
Hear from Julie Lerner, Founder and CEO of PanXchange, the leading benchmark price provider in US Hemp and the defacto benchmark price provider for US Frac Sand (proppant).