Oilfield minerals – Increased Demand as Oil Prices Increase

This article is another scary look at the future. As oil prices rise, so does the demand for chemicals and other materials used in fracking. Frac sand demand rises and both drilling and sand intensity increase, leading drive to the Permian. After an extremely bearish two years in the oilfield minerals markets – defined here as the group of minerals that find their main use in the oilfield services industry, chiefly in drilling oil wells or in extracting shale gas through hydraulic fracturing (fracking) – things started to look up in 2017.

 

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