American Oil and Gas Reporter - February 2021 - 66

pages 66-67_THIS ONE 2/12/2021 2:14 PM Page 1

Quick Permian Rebound
Takes Proppant Supplies
From Excess to Scarcity
By Tim Beims and Colter Cookson
The Merriam-Webster dictionary defines cyclicity as the
state of occurring or moving in cycles. It could have saved
some ink and simply written " see oil and gas. "
Less than a year after an historic collapse in demand led to
excess supplies of everything from diesel to drill pipe, the word
" shortage " is suddenly finding its way back to the industry's
vocabulary as global inventories draw down and operators
return to the work of drilling and completing wells. In few
areas is the shift in sentiment more pronounced than in the
U.S. fracturing sand market.
Even with frac sand consumption in onshore shale plays
skyrocketing from 42 million tons in 2016 to 116 million tons
in 2019, supply grew so fast that analysts began warning two
years ago that the influx of sands from new in-basin mines was
" crushing " the supply/demand balance. According to one
count, some two dozen frac sand mines opened in the
Permian, seven each in the Eagle Ford and Haynesville, and
five in the Mid-Continent, bumping total U.S. supply to nearly
225 million tons in 2019.
The message was clear: Even though the volume of sand
being pumped per well was jumping off the chart, frac sand
supplies were so plentiful that prices were being eroded,
pressuring the margins of sand suppliers. But that was then,
and this is now. While prices have remained subdued, the
supply imbalance with demand may be swinging decisively
back in the opposite direction.

66 THE AMERICAN OIL & GAS REPORTER



American Oil and Gas Reporter - February 2021

Table of Contents for the Digital Edition of American Oil and Gas Reporter - February 2021

Contents
American Oil and Gas Reporter - February 2021 - Intro
American Oil and Gas Reporter - February 2021 - Cover1
American Oil and Gas Reporter - February 2021 - Cover2
American Oil and Gas Reporter - February 2021 - Contents
American Oil and Gas Reporter - February 2021 - 4
American Oil and Gas Reporter - February 2021 - 5
American Oil and Gas Reporter - February 2021 - 6
American Oil and Gas Reporter - February 2021 - 7
American Oil and Gas Reporter - February 2021 - 8
American Oil and Gas Reporter - February 2021 - 9
American Oil and Gas Reporter - February 2021 - 10
American Oil and Gas Reporter - February 2021 - 11
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American Oil and Gas Reporter - February 2021 - 66
American Oil and Gas Reporter - February 2021 - 67
American Oil and Gas Reporter - February 2021 - 68
American Oil and Gas Reporter - February 2021 - 69
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American Oil and Gas Reporter - February 2021 - Cover3
American Oil and Gas Reporter - February 2021 - Cover4
https://www.nxtbook.com/nxtbooks/aogr/202409
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