NEW YORK (TheStreet) -- Every grain of sand is critical in the shale drilling boom of North America, literally.
For companies involved in the hydraulic fracturing boom, from the miners of the sand like Carbo Ceramics (CRR) to the oil service companies like RPC (RES) dependent on increased supply, and finally, to exploration and production companies like Whiting Petroleum (WLL) that are paying increasing costs, sand is a critical raw material.
Sand is mixed with water and chemicals in the fracking process to extract oil and gas trapped in shale rock, and most of that sand comes from mines in the Wisconsin/Minnesota area.
|The most important commodity in the shale drilling boom isn't oil or gas: it's sand.|
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