PXD purchases of a sand proppant supplier to lower costs
Pioneer Natural Resources (NYSE:PXD) recently announced the purchase of a sand proppant supplier as the company continues to pursue its strategy of vertical integration. The company believes that this strategy lowers risk and results in significant cost savings when developing its oil and gas assets.
EOG already uses sand in their Eagle Ford acreage sourced from its own sand properties.
Sand uses and Russia & China proppant share gains seems like a growing threat to CRR.
Jan 31 earnings will either confirm to deny threat to CRR future
everyone needs sand with the low nat gas prices.. why would u put expensive product to get cheap product... naah u putting the cheap sand down there... SLCA is the sand.. All the railroad ceo's are saying, "Yeah we aren't moving coal anymore, but cars and sand have helped us." see the signs guys. SLCA