Carbo Ceramics Inc. is mothballing a proppant manufacturing facility in McIntyre, GA, due to a lack of business.
Ceramic
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Carbo’s Profits Hit as Operators Opt for Sand Over Ceramics
Carbo Ceramics Inc.’s share price was slammed on Monday after management said operators were using cheaper alternatives — sand — in completing onshore wells, which in turn was hurting the bottom line for its higher priced ceramic proppants.
September 22, 2014