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Frac Sand

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Bentonite

  • Statoil finds up to 130m barrels of new oil reserves in North Sea

    Monday, 09 October 2017

    The North Sea is fast becoming a centre of new oil and gas exploration and investment, potentially driving up oilfield mineral demand.

  • Price briefing 29 September – 5 October

    Friday, 06 October 2017

    With China shut for the golden week holiday between 1-8 October, business across many industrial minerals remained very quiet. But environmental restrictions in the country continue to disrupt production in many minerals. Graphite prices in Europe spike amid output crimp and rising demand; Fused alumina producing region in Henan province have enforced mass shutdowns from November onwards; and with the draconian anti-pollution measures and related shutdowns showing no sign of abating, a number of buyers are also anticipating higher raw material costs in 2018.

  • US rig count stabilises after recent dip

    Tuesday, 03 October 2017

    Rig numbers have flattened after the rapid rise seen in the first half of the year.

  • Pricing notice: Bentonite prices delisted, assessment frequency changed

    Monday, 02 October 2017

    Industrial Minerals has delisted a number of bentonite prices and changed the assessment frequency of its remaining grade.

More from Bentonite

Barytes

  • Statoil finds up to 130m barrels of new oil reserves in North Sea

    Monday, 09 October 2017

    The North Sea is fast becoming a centre of new oil and gas exploration and investment, potentially driving up oilfield mineral demand.

  • Price briefing 29 September – 5 October

    Friday, 06 October 2017

    With China shut for the golden week holiday between 1-8 October, business across many industrial minerals remained very quiet. But environmental restrictions in the country continue to disrupt production in many minerals. Graphite prices in Europe spike amid output crimp and rising demand; Fused alumina producing region in Henan province have enforced mass shutdowns from November onwards; and with the draconian anti-pollution measures and related shutdowns showing no sign of abating, a number of buyers are also anticipating higher raw material costs in 2018.

  • Pricing notice: Barytes prices delisted, assessment frequency changed

    Tuesday, 03 October 2017

    Industrial Minerals has delisted a number of barytes prices and changed the specifications and assessment frequency of its remaining grades.

  • US rig count stabilises after recent dip

    Tuesday, 03 October 2017

    Rig numbers have flattened after the rapid rise seen in the first half of the year.

More from Barytes

Market Brief

Based on the expanding amount of exploration taking place in both conventional oil and gas markets, as well as the burgeoning shale energy industry, the demand for oilfield minerals is expected to rise.

 

The increased call for minerals used during oilfield processes has caused price volatility over the past years – especially following the US shale gas boom, which took place from 2011 and is still having an im­pact on the market today.

 

Spikes in the price of barite (barytes), potash and silica sand (frac sand) over the last seven years have caused key buyers of raw materials – drilling fluid manufacturers such as Halliburton, Baker Hughes, Schlumberger and Weatherford – to take a hit of up to $160m in one year.

 

Freight costs, lack of suitable raw material supply, and China’s pro­duction domination have all been blamed for pricespikes seen in oil­field minerals, particularly barite and potash.

 

Elsewhere, rising demand for ceramic proppants derived from bauxite and kaolin has sparked a raft of plant expansions in the US.

 

The supply and demand situation has alsoincreased the call for drill­ing minerals such as bentonite and barite.

 

Volatility in the oilfield market will remain,and the only way to overcome the gap that may open up in the supply and demandchain is to keep a close eye on industry developments.

How are industrial minerals used in fracking?

  • Drilling mud which consists of bentonite with additives such as barite, calcium carbonate and graphite is used to lubricate the drill bit.

  • Fracking fluid which consists of silica sand (1.959%) and water (97.85%) and a chemical mix (0.5%) including organic phosphonate, diatomite, calcium chloride, sodium chloride, calcium carbonate and magnesium chloride is sent down a well to ‘prop’ open fissures in the shale rock