Wall Street's latest fad is built on sand

World News: . []

A truck is filled with sand at Wellsboro & Corning Railroad in Wellsboro, PennsylvaniaSuper-sized hydraulic fracturing jobs, which use vast amounts of sand to coax more oil and gas from shale, have led to astronomical returns for investors in companies that mine the tiny particles. Demand has jumped for the sand used in hydraulic fracturing, which blasts it, along with water, chemicals, into wells to crack rock and release crude oil and natural gas. The increasing practice of "superfracking" requires much more sand, and investors have taken notice. Emerge Energy Services LP, a master limited partnership that produces sand for use in hydraulic fracturing, began trading a little more than one year ago at $17 per unit.


Read More: http://news.yahoo.com/wall-streets-latest-fad-built-061623514.html

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