Oct

31

 I find it interesting the difference in public and private thoughts on fracking by the cattle trader. And also the price trajectories of the proppant companies. Sand companies (increased amounts now being used per well) have rebounded. On the other hand a leading ceramic (more useful in higher pressure/deeper wells) proppant producer hitting rock bottom. A tough business to be in.

"Chesapeake Energy Declares ‘Propageddon’ With Record Frack":

'The super-sized dose of sand — known as "proppant" — is able to prop open bigger and more numerous cracks in the rock for oil and gas to flow. Output from the well increased 70 percent over traditional fracking techniques, Jason Pigott, vice president of operations, said during a presentation.

"What we're doing is unleashing hell on every gas molecule downhole," Pigott said.'


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