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In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have risen by $0.10 per ton each. Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand, average prices are wide ranging from upper 40s to the upper 60s on a per ton basis.
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Cannabinoid biomass markets continue to confirm the rumblings of scarcity as the spread between old and new crop prices widens. Old crop biomass is trading around $0.10 to $0.125 per point CBD, and inventories are still quite large. However, CBD content available at this price point is diminished to 3% to 5% CBD which explains the $0.40 to $1.00 per pound price range for lower quality old crop. Higher quality old crop (>8% CBD) prices typically range from $1.20 to $2.00 per pound, with reported per point CBD prices ranging from $0.175 to $0.25.
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.
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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.
In the Permian basin, FOB Kermit 100m prices and 40/70m sand prices have risen by $0.70 per ton this week as they continue to push north of $40 per ton (up approximately 85% and 75% respectively compared to Q4 averages) . Supply shortages are highly prevalent for Permian and Eagle Ford in-basin sand.
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