The 2018 Proppant Market Report: One Trillion Pounds and Counting
HOUSTON--(BUSINESS WIRE)--Feb 28, 2019--PropTester, Inc. and KELRIK LLC announce the 2018 Proppant Market Report will be released on March 4, 2019. The Proppant Market Report is an annual review of the global proppant market in relation to prior years. The proppant industry supplied 230 billion pounds (115 million tons) of sand, ceramic and resin coated proppants in 2018.
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Cumulative Proppant Market 1990 - 2018 (Graphic: Business Wire)
In addition to setting historical highs for frac sand, the industry surpassed one trillion cumulative pounds of proppant since hydraulic fracturing commenced. “Based on our data commencing 1980, and accounting for estimated and select known annual volumes as far back as 1950, the one trillionth pound of proppant was very likely produced in early 2018. That is a suitable number to highlight the growing importance of the proppant industry and to mark the 15 th year of the report’s inception,” noted Brian Olmen of KELRIK LLC.
Frac sand was the primary beneficiary in 2018. Demand for ceramic proppants also improved due to activity outside of North America. Demand for ceramic and resin coated proppants were below their historical highs established in 2014.
North American frac sand capacity continues to grow and surpassed 440 billion pounds from 150 production facilities in early 2019. “With the significant increase in capacity, the sand industry, much like the North American ceramic and resin coated proppant sectors, will possibly have to navigate the impacts of excess supply in an uncertain 2019,” added Michelle Stribling of PropTester, Inc. “Due to the dominance of cost conscious, sand-intensive completion strategies, we continue to expand the report with additional details on emerging sand sources as well as updates on ongoing technical studies.”
The Proppant Market Report (PMR) is annually by PropTester, Inc. and KELRIK, LLC. The contributing authors have over 100 years of direct experience in the production, testing, sale and use of all types of proppants. PMR subscribers have access to an electronic copy of the confidential report, as well as online access and interactive maps on www.proppantmarketreport.com . For further information, please contact Michelle Stribling or Amanda Chavey at (888)-756-2112 or visit www.proptester.com .
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CONTACT: Michelle Stribling
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS VENTURE CAPITAL NATURAL RESOURCES MINING/MINERALS PROFESSIONAL SERVICES
SOURCE: PropTester, Inc.
Copyright Business Wire 2019.
PUB: 02/28/2019 07:00 AM/DISC: 02/28/2019 07:01 AM