Wednesday, January 1, 2025
The Shale Boom in the Permian Is Slowing Down - 360

Jobs Count Stabilizes, Unemployment Drops when Permian Pumps Oil

A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs. The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From

Frac Sand Demand Will Break Records in 2017: Credit Suisse

2017 demand will be 30% larger than 2014 peak The current shale resurgence has led to a surge in drilling and completions activity. Modern completions need tremendous amounts of sand, meaning that demand for sand has skyrocketed in the past year. A recent note released by Credit Suisse outlines the current development in frac sand supply and demand. Total U.S.