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As the oil crash continues to pinch budgets and spur a retreat from the oil patch, several companies have announced plans to decided to temporarily stop distributing a portion of earnings as they look for new ways to protect their bottom lines.
Carbo did not say how many jobs would be affected by the plant closure.
With crude prices down more than 55 percent since the summer of 2014, sand producers are facing uncertainty about how much of the material will be needed in the next few years.
Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.
The drilling boom has launched billions of dollars in construction projects at the Port of Corpus Christi, as well as a round-the-clock frenzy to move products in and out of the oil patch, and to coastal terminals and refineries.
Hi-Crush Partners Tuesday announced that it has completed the acquisition of a Pennsylvania sand company, extending its geographic reach.
Companies are rushing to stay on the leading edge of developing ceramic proppant, as research shows that the tiny beads provide a better boost for oil flow than conventional sand when used in hydraulic fracturing.