Service & Supply | Oilfield Services | Proppant | Weather
Carbo Ceramics; Q1 Affected By Bakken Weather
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President and CEO Gary Kolstad commented, "Sales volumes for the first quarter were impacted by weather disruptions in the northern regions in North America, including the Bakken. In addition to the reduced fracturing activity at the well site caused by the cold weather, the railroads' distribution issues and congestion caused delays at the main rail terminals in the north and negatively impacted proppant deliveries throughout those northern regions. However, we saw improvement in March and we believe that the potential for higher industry activity levels exists for the remainder of the year, driven by a continuing trend of more fracs per well and modest drilling and completion efficiency gains.
"Given these challenges, we were pleased that overall profit margins improved, and North…
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