Present on the land, in varying amounts, are the 2 most necessary items drillers require in enormous quantities to get the most oil out of the ground.
One is water (and the disposal thereof)..and the other is proppant grade sand.
The most productive fracking method today now requires 6X the amount of proppant drillers used just a few years ago. That means to frac a single well in the Permian basin now requires enough proppant to fill a freight train 120 hopper cars long. I find that hard to imagine really but that is the reality.
Will frac grade proppant be the next available natural resource TPL developes?? I would have no way of knowing.. but I do know frac grade proppant is big business and it begs the speculative question - why not!
Marker:
Texas Pacific Land T (TPL)
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Recent TPL News
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 09/24/2024 10:08:18 AM
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 08:19:31 PM
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