CARBO Ceramics Inc. today announced that it has decided to mothball its proppant manufacturing facility in McIntyre, Georgia.  

CEO Gary Kolstad commented, "As was mentioned in January on our fourth quarter conference call, CARBO began slowing production earlier this year to assist in managing cash and inventory levels.  The Company's actions were in direct response to a depressed commodity price for oil and the resulting negative impact on industry activity levels, which is having a negative impact on demand for ceramic proppant.  Unfortunately, we have not seen improvement in demand for ceramic proppant, nor do we anticipate any change in the near term.  With this outlook in mind, we have decided to mothball our facility in McIntyre, Georgia until such time as market conditions warrant bringing it back online. In addition, we continue to manage the collective output of our other proppant facilities, which includes slowing down and idling production as deemed necessary.  These decisions are difficult due to the impact on our employees and their families, to whom we owe much of our success over the last 36 years."

CARBO is an oilfield services technology company providing industry-leading products and services for:

Production Enhancement

• Our Production Enhancement businesses increase E&P Operators' Production and EUR...by providing industry leading technology to Design, Build, and Optimize the Frac