Friday, June 12, 2026
U.S. frack sand suppliers latest casualties in shale industry slump- oil and gas 360

U.S. frack sand suppliers latest casualties in shale industry slump

Source: Reuters The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks as low oil prices and demands for higher investor returns stunt drilling activity. Two years ago, U.S. sand companies were racing to open West Texas mines to capitalize on a boom in oil and gas drilling, with more than 20 popping