Lower crude prices could affect fracking sand

Lower crude prices could affect fracking sand despite continued strong demand warns Moody in a report.

Despite falling crude oil prices and, until recently, a natural gas price stuck below $4/Mcf, demand for fracking sand continues to outpace supply.

But if oil prices remain below $80/bbl, drilling and oilfield services companies would be pressured as E&P companies reduce their capital spending and their demand for services, which could result in reduced proppant volumes, a recent Moody’s report warns.

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