PropTester, Inc. and KELRIK LLC announced the release of the 2015 Proppant Market Report on March 1, 2016. The Proppant Market Report is a detailed overview of the global proppant market in relation to prior years. The report will also be available to subscribers at www.proppantmarketreport.com.
Producers of frac sand, ceramic proppants and resin-coated proppants indicate that approximately 110 billion pounds (55 million tons) were supplied in 2015. Despite significantly reduced rig count activity and depressed energy prices, 2015 is the second largest year in terms of total proppant volumes supplied.
Whereas all proppant types experienced constriction compared to the 135 billion pounds supplied in 2014, frac sand was the least impacted. High proppant intensity completions and product substitution toward lower cost natural proppants benefited sand producers. Frac sand accounted for over 92 percent of the 2015 market, whereas ceramic proppant and resin-coated proppant volumes both declined significantly to levels not seen since 2010. All proppant types have and continue to feel the impact of excess capacity and pricing weakness. Additional details regarding idled and postponed capacity has been added to the report.
The new website, www.proppantmarketreport.com, offers a digital copy of the report for customers along with access to an interactive map outlining information including location, current capacity and other central information on over 100 current proppant suppliers. “Customers are looking for quality proppant in close proximity to the well site. This website is a technological tool to better allow our customers to be updated throughout the year on the evolving proppant market,” explained Ian Renkes, co-author and Manager of Operations and Business Development at PropTester, Inc.
The Proppant Market Report is produced by PropTester, Inc. and KELRIK, LLC. The contributing authors have over 100 years of direct experience in the production, testing, sale and use of all types of proppants. All Proppant Market Report subscribers will have access to the website at no additional cost. For further information, please contact Michelle Stribling or Amanda Chavey at (888)-756-2112.