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Martin Marietta Materials Inc. Message Board

  • kunjamukkid kunjamukkid May 17, 2012 8:21 PM Flag

    Midwest Fracking Sands

    Any chance that MLM could benefit from the need for sand from the Fracking industry?
    The Journal covered the sand story today....

    "Sand is in high demand among U.S. oil and natural-gas producers, setting off a sand rush in Wisconsin, Minnesota and other Midwestern states. Sand mined in the Midwest is used in places such as North Dakota and Pennsylvania to tap oil and gas reserves.

    Sand mined in the Midwest is used in places such as North Dakota and Pennsylvania to tap oil and gas reserves. The U.S. producers' demand for sand reached 28.7 million tons in 2011, up from six million tons in 2007 (see chart above).

    The surging demand is making sand the Midwest slice of a national energy boom. Oil and gas producers in recent years have greatly boosted the use of horizontal drilling and hydraulic fracturing to tap reserves once out of reach. Sand, injected deep underground to prop open fractures in shale formations and allow oil and gas to flow out, is important in "fracking."

 
MLM
125.55-0.79(-0.63%)Apr 17 4:03 PMEDT

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