Huge development potential of fracturing proppant industry driven by rapid development of oil and gas industry

Fracturing proppant, also known as oil fracturing proppant, is a kind of natural sand or artificial high-strength ceramic solid particles with certain particle size and strength, certain sphericity and grading. The working principle of fracturing proppant is that when oil and gas are exploited in deep wells, it enters the stratum together with high-pressure solution to fill in the rock fractures, supporting the fractures and increasing the oil and gas production. Fracturing proppant is characterized by high strength, low pollution, good corrosion resistance, strong conductivity and high temperature resistance, and is mainly used in oil and gas well production.

According to different raw materials, fracturing proppants can be divided into three categories: quartz sand proppant, artificial ceramic particle proppant and film coated proppant. Their types and application ranges are different. Specifically, the natural quartz sand is made of silica, which is mainly suitable for the exploitation environment with shallow oil wells and low closed pressure layers; The artificial ceramic proppant is made of bauxite or other aluminous minerals, which is mainly applicable to the fracturing and exploitation environment of deep low permeability oil and gas reservoirs; The film covered proppant takes quartz sand, ceramsite, etc. as the skeleton and phenolic resin, epoxy resin, etc. as the outer covering film, which is mainly applicable to the deep closed high-pressure mining environment.

In recent years, in the context of the continuous expansion of China's oil exploitation scale, fracturing proppant, as a necessary material, has continuously increased its market demand and output. In recent five years, the number of new exploration wells for oil and gas exploration in China has stabilized at 2700-3000, and the overall situation of oil and gas exploration wells has remained stable. At the same time, China's oil and gas industry has maintained a good momentum of development. According to the data of the National Bureau of Statistics, China's crude oil output will be 198.976 million tons in 2021, an increase of 2.4% year on year; The natural gas output was 205.26 billion cubic meters, up 8.2% year on year.