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Whiting Petroleum not worried about getting sufficient sand for fracking

  • Whiting Petroleum (WLL) CEO Jim Volker says he is not concerned about access to large quantities of fracking sand and the expansion of its operations in North Dakota and Colorado, even amid recent concerns within the industry that key sand distribution points in Chicago and throughout the Midwest were running low.
  • Volker says WLL has plenty of access to the sand critical to the fracking process, and that he meets regularly with top executives of oilfield service providers Halliburton (HAL) and Baker Hughes (BHI) to review supply channels.
  • Concerns about supply may be coming from much-smaller oil and natural gas producers who lack Whiting's purchasing power, Volker says.
Comments (1)
  • Quantease
    , contributor
    Comments (43) | Send Message
     
    Sounds like good news for the fracking sand suppliers echoing the sentiments of management on the recent Emerge Energy (EMES) quarterly call. Both demand and pricing is increasing. Go long Emerge as well as SLCA and HCLP.
    8 Apr, 06:38 AM Reply Like
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