GE and Statoil have partnered to host an open innovation exchange on frac sand logistics and use in the unconventional plays. Costs and logistics of frac sand acquisition can be 10% of the overall cost of the well. This percentage is likely to be much higher in other countries that lack the rail and transport infrastructure to move frac sand (also called proppant) from the mine to the wellhead. The goal of the collaboration is to crowdsource business solutions to reduce frac sand consumption and transport in the unconventional plays. GE and Statoil will announce winners of the open innovation in June 2015.
– Holly Bellmund, President, Proppant Today, LLC