PacWest Launches Most Detailed Market Intelligence Available on the US Proppant Market
US proppant consumption expected to grow by 8% per annum through 2015, from 63 billion pounds in 2013
HOUSTON, Oct. 14, 2013 /PRNewswire/ — PacWest Consulting Partners has just launched ProppantIQ, a market intelligence report published on a quarterly basis that provides the most in-depth research available to-date on the US proppant market. PacWest analysis indicates that growth in the US Land proppant market is strong, due to robust completion activity and increasing proppant intensity (i.e. lbs proppant per well). The US Land proppant market is expected to grow at 8% per annum through 2015, from 63 billion pounds in 2013 to 75 billion pounds in 2015. Frac sand consumption will drive the majority of growth in the proppant market; this segment of the market is expected to grow at 9% per annum.
“Increasing proppant intensity is an important factor in driving market growth,” says PacWest Principal, Christopher Robart. “An increase in the number of stages/well in key plays and increased proppant loading within the last year has resulted in an increase in the volume of proppant pumped in the average well. The average horizontal well increased in size from 3.3 million pounds proppant to 4.1 million pounds between the third quarter of 2012 and the second quarter of 2013. We expect this trend to continue through 2015.”
For more information on ProppantIQ, please contact Samir Nangia (firstname.lastname@example.org).
PacWest Consulting Partners is a boutique strategy consultancy and market intelligence firm that specializes in the energy, industrial, and resources sectors. Much of its work is focused around the oilfield and the many industries that supply critical products and services to it. With the explosion of unconventional resources in North America, the energy landscape is changing quickly and PacWest is at the forefront of that change, helping companies better understand the market, as well as developing and implementing new strategies to position themselves for growth.
SOURCE PacWest Consulting Partners