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This Week’s Market Buzz


  • Smart Sand plans to go public. The company has filed a registration statement with the Securities and Exchange Commission for an initial public offering, documents show. Smart Sand operates two white sand processing sites in Wisconsin with a combined 344 million tons of "proven recoverable" sand reserves. In its SEC filing, the company said the two sites give it a large reserve base of sand with good access to Class I railroads. Company officials also stated they could likely expand capacity of their larger processing facility to meet increased demand, citing projections that demand for frac sand will grow 23 percent per year through 2020.
  • A new analysis from Credit Suisse, “Enter Sandman: A Deep-Dive into the Only Secular Growth Story in Oilfield Services,” reports that completion intensity is driving increasing sand use per well/stage, as higher sand volumes generate higher production volumes and returns for oil companies. “We expect sand volumes to surpass 2014 levels with less than half the rig count by 2018. Sand will be the fastest growing sub-segment of the OFS market,” it was stated in the report.
  • The Wisconsin Supreme Court of Wisconsin has decided to consider a lawsuit filed by Des Moines, Iowa-based frac sand company AllEnergy against Trempealeau County, Wis., claiming that the county’s decision to deny the company mining permit request was unfair and unjustified.