Given the need for growth in proppant consumption this has to be...

Given the need for growth in proppant consumption this has to be good for LWPs prospects. Copied from another share forum

This is of interest as we are in shale?
Information, offshore oil is dead it's to expensive, shale with new technology.
In 2016 Rystad predicts investment will be greatest in the Eagle Ford play in South Texas ($11 billion) followed by investments of $7 billion in each of the Permian Midland, Bakken and Permian Delaware shale plays. The Marcellus play in Pennsylvania is expected to see $6 billion in 2016 investment, the Niobrara will get $4 billion in new investment and Canada’s Montney shale should also see new investment totaling $4 billion.
Rystad also benchmarked well costs for three large U.S. producers. EOG Resources Inc. (NYSE: EOG), one of the largest producers in the Eagle Ford play, spent an average of $6.7 million per well in 2015, and the company’s well cost per barrel of oil equivalent is $8.60, based on the number of barrels it expects ultimately to recover. Encana Corp. (NYSE: ECA) is the largest producer in the Montney play and its per barrel costs are identical with EOG’s. Anadarko Petroleum Corp. (NYSE: APC) is the largest producer in the Niobrara shale play and its per barrel costs total $10.60. Total per barrel costs are computed on the number of barrels per lateral foot and the number of feet drilled per day.

Direct copy from LSE, I haven't checked the figures but it food for thought if close to the money