Hydraulic Fracturing Market Growth, Trends & Drivers in North America 2018-2023 – ResearchAndMarkets.com

The "North
America Hydraulic Fracturing Market - Growth, Trends, and Forecast (2018
- 2023)" report has been added to ResearchAndMarkets.com's
offering.

The increase in upstream investments with recovering oil prices is
anticipated to drive the oil & gas industry drilling activities over the
forecast period. Technological advancements, to modify the fluid
composition for efficient extraction in different formations, have
created lucrative avenues for industry participants. Moreover, the
increase in the fracturing activities for efficient extraction of oil &
gas from abundant reserves present in American shale reserves is
expected to drive the market in the North American region.

The shift from vertical to horizontal wells is the most important change
to occur over the last decade, allowing for greater formation access,
while only incrementally increasing the cost of the well. Over the past
decade, lateral lengths have increased from 2,500 ft. to nearly 7,000
ft. In the United States, the unique geological makeup of Permian, Eagle
Ford, Bakken, and Marcellus, consisting of multiple layers of oil & gas
and trapping shale that span hundreds of miles, is expected to
contribute toward the growth of the demand for hydraulic fracturing
fluids in North America.

Growing Demand for Hydraulic Fracturing Fluids in the United
States

A rise in prices, at the start of 2017, above USD50/bbl, compared to
USD43.5/bbl in 2016, combined with the industrial-friendly Trump
administration at the helm, encouraged operators to increase investment
early on. Moreover, the increased price stability over Q1 of 2018
encouraged producers to return to the well pad, with a growth in the
number of active oil rigs. The shale boom is likely to positively
contribute toward the market growth.

Key Developments in the Market

• December 2017: Weatherford sold its US hydraulic fracturing business
  to Schlumberger for USD 430 million.

The major players include: Baker Hughes, a GE company,
Halliburton Company, Schlumberger Limited, BASF SE , amongst others.

Companies Mentioned

• Baker Hughes
• a GE company
• Halliburton Company
• Schlumberger Limited
• BASF SE
• Calfrac Well Services Ltd
• Clariant AG

Key Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis by Fluid Type

8. Regional Market Analysis

9. Key Company Analysis

10. Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/3ntrvh/hydraulic?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180510005570/en/

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