- Tight Gas & Oil
- Gas Hydrates
Analyst downgrades EOG, Pioneer Natural Resources and Cimarex despite strong management, liquidity and resources because they appear near the high end of their trading ranges.
E&Ps and service companies, such as Halliburton, are using sand, ceramics and other substances to draw out as much hydrocarbon as possible, but it’s a daunting challenge.
Sand use per well rises, but fewer wells result in lower proppant demand. Sand pricing is down as much as 50% versus peak ceramics rapidly losing marketshare.