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Texas-size glut of frac sand accumulating as demand weakens

Feb 07, 2019 at 10:40 AM CST

HOUSTON (Bloomberg) -- Just a year after rushing into America’s busiest oil field with new mines, frac-sand producers may have overdone it. West Texas sand used in the hydraulic fracturing process will drop 19% this year to about $30 a ton compared to 2018, according to industry consultant Rystad Energy AS. Sand pricing is a key financial input for oil explorers because fracing is the most expensive phase in drilling an oil well.