SAN FRANCISCO, CA--(Marketwired - January 20, 2017) - Fracking is poised to increase under the Trump administration, and with it will come the need for larger quantities of fracking sand.
Included in this article is: Torchlight Energy Resources Inc. (NASDAQ: TRCH)
Continue reading this interview: Frack Sands Rebound Predicted Under Trump Administration
President-elect Donald Trump is widely expected implement pro-energy exploration policies. His "America First Energy Plan" calls for making "American energy dominance a strategic economic and foreign policy goal of the United States," and the unleashing of "America's $50 trillion in untapped shale, oil, and natural gas reserves... " Pro-energy policies coupled with rising energy prices point to an increase in fracking. And with the growth of fracking comes the need for fracking sands.
Sand is essential to fracking. Bloomberg reports that sand "is a much greater tool in hydraulic fracking than drillers had understood it to be. Time and again, they've found that the more grit they pour into horizontal wells-seemingly regardless of how extreme the amounts have become-the more oil comes seeping out." Bloomberg cites IHS figures that show that drillers are using twice as much sand per well as they did in 2011: "The per-well increases have analysts and investors betting that the sand industry will boom again as soon as fracking activity starts to pick up even a little bit."
Torchlight Energy Resources Inc. is one exploration company that is using larger amounts of sand. On Jan. 10, the company announced that on its Flying B Ranch #2 well in the Midland Basin in Texas, it will be performing a "significantly larger multiple-stage frac than previously employed, [utilizing] 600,000 lbs. of sand pumped at a fluid rate of 75-100 barrels per minute." Torchlight CEO John Brda said, "We have engineered a much larger frac for this second well and expect that it will maximize any production results that we encounter."
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