Select Sands Article of Interest: Bloomberg Business Talks About Industrial Sands

 

Kin Communications would like to provide this article for those following Select Sands Corp. (TSX-V:SNS / OTC:CLICF). An excerpt as well as a link to the complete article can be found below.

Select Sands Corp. is developing a silica sand quarry to sell into the Industrial & Specialty end markets, as well as major USA Oil & Gas markets.

Why America’s Oil Output Refuses to Collapse

By Dan Murtaugh and David Wethe

The increase in sand usage has been steady. Back in 2012, the average well in the Eagle Ford received less than 1,000 pounds for every foot that the opening snaked down into the ground, according to energy consulting firm Wood Mackenzie Ltd. By 2013, that number was about 1,200 pounds. And last year it climbed to over 1,500 pounds. A study of more than 1,000 wells in the Eagle Ford — a region that accounts for 15 percent of all U.S. oil output — revealed that the injection of additional sand can triple output in some cases, according to Bloomberg Intelligence analysts William Foiles and Andrew Cosgrove.

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