Frac Sand Newsletter 03-04-19
Northern white continues to firm with many anecdotes pointing to continued increases in activity in the coming weeks as March gets underway. Public E&Ps have widely mentioned cutting CAPEX; however, the incremental “swing” demand remains with the private E&Ps that may not have austerity as the theme de jour for 1H19. As mentioned last week, many of these private operators are playing the spot HHP market, generally speaking, underpins the tighter spot market. For the first week since August 27, we are hearing of northern white 40/70 in the Permian transacting in….