Good 1st post and thanks.
Just a note,
cheers
- Sand is typically used for shallow wells.
- Sand is not uniformly spherical and thus can't compete with ceramic proppants in terms of conductivity and extracting best yield from well
- IMO the LWP estimates of cost per pound have been conservative given fly ash is the feedstock
- IMO well cost profile using LWP ceramic proppants (noting 40% lighter bulk density of LWP + high end spericity/conductivity) may be attractive enough to take some of the RCS and Sand market.
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- Ann: Annual Report to shareholders
Ann: Annual Report to shareholders, page-34
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