World News: 11:44 GMT Wednesday 18th June 2014. [Stock Market via SPi World News]
Super-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
SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2019. [Admin Only]
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.