Primer on the Frac Sands Market: Frac sand, a specific type of silica sand, is a durable, round grain, crush-resistant material produced for use in the hydraulic fracturing process (more widely known as fracking). The Canadian frac sand market currently uses approximately 3.5 million tons of sand per year, while the U.S. market goes through roughly 30 million tons, both of which have enjoyed a spike in demand coinciding with the widespread use of horizontal drilling. In 2014, sand suppliers are expecting double-digit growth, based on projected meters drilled and well counts. The demand for frac sands has risen sharply in the last few years in response to numerous shale plays developing in many parts of the US and Western Canada and could benefit further from proposed LNG terminals along the Pacific coast and emerging gas and oil fields under exploration and development. flickr/photos/zimtu/sets/72157640540234255/
Posted on: Wed, 05 Feb 2014 18:15:14 +0000
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