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Rosetta's Switch to Sand Leaves Carbo Out to Dry; Stock Tanks 20%
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Rosetta Resources reported in its Q2 that it plans to switch to regular sand from ceramics.
Shale Experts notified its subscribers in Q4-13 of Rosetta's experiment with white sand in the Eagle Ford Shale.
Rons Dixon, CEO of Shale Experts is quoted as saying: "This should not come as a surprise since 98% of the Eagle Ford operators are already using sand in their frac/completions. Rosetta and BHP were the two hold outs, using a mixture of ceramic in their wells."
Eagle Ford Operators & Proppant Used
Source : Shale Experts Frac Database
Below is a look at Carbo's stock performance prior and post the Rosetta announcement.
