Sand volumes down YOY and sequentially
Frac sand producers are feeling the recent oil price decline, according to an update from Hi-Crush Partners (stock ticker: HCLP).

Hi-Crush reports it sold 1.98 million tons of sand in Q4 2018, compared to 2.78 million tons in Q3 2018 and 2.99 million tons in Q4 2017. While Hi-Crush expected some decline in sand sales, forecasting about 2.4 million tons, this drop significantly exceeds expectations.

The decrease is the result of several factors. Completions activity usually declines to some degree in Q4 as weather and budget exhaustion sets in. Budget exhaustion is a more important factor than usual this year, though, as many companies have cut back on completions programs in an attempt to stay w...


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