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“Turning to our oil and gas segment, we’re essentially sold out of sand Proppant, and we’re seeing meaningful increases in spot and contract prices for both local and Northern White sand. The combination of increased customer demand and reported operational challenges at competitors mines are further exacerbating what was already a very tight market.”
Supply chain and cost increases of key ingredients abound, as an example.
Anecdotally, short on services personnel, many who had commercial trucking licenses went back home to work for Amazon or long hauling.