Well before the discussion turned to granular issues of quality, speakers at the inaugural DUG Sand Conference addressed quantity. In short, there’s too much.

The surplus stems, most immediately, from the fourth-quarter price dives of frac sand and oil.

But WTI has recovered to the mid-$60s and the rig count looks good. So why is the industry taking so long to rev up to previous levels?

Because of lessons learned from the brutal second-quarter 2016.

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