Self-Sourcing Picks Up Steam
This week, we have gathered data on recent sand production and the concurrent trends in customer sourcing. Our key takeaway includes tangible evidence that the surge in sand production is happening, albeit not (yet) fast enough to offset the growth in local sand demand. Meanwhile, higher production is resulting in the acceleration by E&Ps to self-source sand (now 25% of demand), a negative trend for frac companies that will partially offset the benefit from lower sand prices.
For access to the full report visit: https://corasresearch.com/coras-trends/