Shale logistics teams prepare for increased pace in 2019. Other than water, there is very little in the world more boring than sand. Yet, both have captured the attention of the oil and gas industry for their role as crucial ingredients in the drilling and completion of a shale well. Sustained oil and gas production combined with an escalating increase in lateral length and proppant intensity is driving "extreme" demand for frack sand, according to an IHS Markit report released in August. The current market value for frack sand exceeds $4 billion in 2018 and will reach nearly $6 billion by 2023. By comparison, the market value for frack sand in 2016 was $1.3 billion, according to the "IHS Markit ProppantIQ 2Q2018 Analysis" report.
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