HOUSTON--(BUSINESS WIRE)--PropTester, Inc. and KELRIK, LLC announced the release of the 2014 Proppant Market Report (PMR) on February 23, 2015. The annual report is a detailed overview of the global proppant market in relation to prior years and serves as a key industry report for proppant suppliers, consumers and investors.
Industry supplied in excess of 135 billion pounds of sand, ceramic, and resin coated proppants in 2014, a 50% increase over 2013. Whereas all primary proppant segments experienced double digit year-over-year growth, frac sand accounted for a majority of the increase. Strong liquid-targeted drilling and completion activities in North America and aggressive completion designs favoring increased sand intensity per well (both oil and gas) were key contributors.
In addition to historical utilization by proppant type, the report includes summaries on over 100 proppant producers worldwide, including plant locations, proppant types, and capacities. “The report is unique in that a majority of the proppant detail is provided directly by the suppliers, most of which are privately held companies,” commented Brian Olmen, founder of KELRIK, LLC and lead author since 2009. “It provides a granular look into this historically private industry, giving suppliers and consumers an accurate resource to benchmark their position and needs within the supply chain.”
Initiated as a private twenty page report in 2004, this year marks the 10th annual publication. “In 2004, little was known about the proppant industry outside of the pressure-pumping sector. “There were as few as ten providers supplying most of the industry,” explained Ian Renkes, co-author and Manager of Operations and Business Development at PropTester, Inc.
The Proppant Market Report is produced by PropTester, Inc. and KELRIK, LLC. The contributing authors have over 100 years of direct experience in the production, testing, sale and use of all types of proppants. For further information, contact Michelle Stribling or Amanda Chavey at (888)-756-2112 or visit www.proptester.com.