PanXchange® Sand: Benchmarks & Analysis 03.28.2022

In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have experienced a minor correction this week, and have fallen by $1.00 per ton each. Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand, and we continue to hear of instances of spot transactions over $60 per ton to avoid idling crews or reducing the number of frac stages on a well. However, average prices have experienced a minor correction due to concerns about dwindling DUC inventory, as well as overarching economic concerns pointing to stagflation and economic recession. 

PanXchange® Sand: Benchmarks & Analysis 03.07.2022

In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have spiked this week by over $5 per ton in response to a global spike in oil prices. In-basin sand prices are now pushing towards average prices of $50 per ton (up approximately 90% and 100% respectively compared to Q4 averages). Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand, and we continue to hear of instances of spot transactions over $60 per ton to avoid idling crews or reducing the number of frac stages on a well.