Earnings by the North American oilfield services (OFS) operators and producers are coming in as expected, lower sequentially and from a year ago, foreshadowing weakness for the proppant companies as the onshore rig count continues to decline.
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Articles from Proppant
Carbo Mothballs Proppant Facility
Carbo Ceramics Inc. is mothballing a proppant manufacturing facility in McIntyre, GA, due to a lack of business.
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.
South Dakota Sand Deemed Not Suitable for Fracking
Although South Dakota officials had been hoping to cash in on the oil and natural gas boom in the Williston Basin, there is little chance operators…
IOC Develops Frack Fluid With Lower Chemical Content
Independence Oilfield Chemicals LLC (IOC) said it has developed a fluid for use in hydraulic fracturing (fracking) operations that has a lower chemical content.