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CARBO Ceramics Inc. Message Board

  • steven.dinkel steven.dinkel Jan 7, 2013 1:23 PM Flag

    Russia & China Prop & Sand

    Is anyone hearing that prop from Russia & China is still taking share in Bakken and lowering reported prop cost of oil and gas companies. I don't believe EOG and other companies see the benefit of CRR technology, as I thought I read EOG (Eagle Ford, etc.) and others source/use use their own sand instead of prop. I guess we'll know later this month when CRR reports.

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    • realbuttons Jan 30, 2013 6:32 PM Flag

      I would say i have been hearing railroad execs talking about sand... slca is the sand... low nat gas prices mean sand is the only option.

    • If CRR shows gradual weakness until reporting earnings in 4th week of January, it may fortell poor earnings for the quarter. I would think a strong correlation exists between companies speaking to larger prop cost decline and their move to China/Russia prop or sand in certain geologies. I will stand corrected if my correlation hypothesis is wrong, but not aware of other reasons prop cost at companies decreasing

    • CHGS

      The Company launched its fracture proppant business in mid-2007. Fracture proppants are fine, ball-like pellets used by oil and gas exploration companies to increase production from wells. They are injected into wells to squeeze out trapped pockets of oil and natural gas deposits during drilling.

      Sentiment: Hold

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