Proppants Industry Surpasses Milestone
In addition to setting historical highs for frac sand, the industry surpassed one trillion cumulative pounds of proppant since hydraulic fracturing commenced.
According to “The Proppant Market Report” released by PropTester, Inc. and KELRIK LLC, the proppant industry supplied 230 billion lbs (115 million tons) of sand, ceramic and resin-coated proppants in 2018. 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,” said Brian Olmen of KELRIK LLC. “That is a suitable number to highlight the growing importance of the proppant industry and to mark the 15th year of the report’s inception.”
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 lbs 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,” said 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.”
For more information, visit www.proptester.com.