The "Hydraulic
Fracturing Market Outlook (2017-2022)" report has been added to ResearchAndMarkets.com's
offering.
The market is all set to reach $79.5 billion mark by 2020, up from
$53.31 billion in 2013.
This growth is mainly driven by shale boom in the North America and in
some parts of Europe. From 1999 to 2007, the Hydraulic Fracturing market
expanded from just less than 3 billion USD to 12.8 billion USD, with an
annual CAGR of 19.8%.
Hydraulic fracturing is an important technology for the extraction of
hydrocarbons from many reservoirs throughout the world. In
unconventional reservoirs, such as the ultra-low permeability shales
that are now being regularly exploited, it is absolutely essential to
hydraulically fracture a well to obtain economic levels of production.
Contrary to media and general public perception, hydraulic fracturing is
not a new technology, having been applied since the 1940s. There is also
a perception that hydraulic fractures are much larger than ever, but the
massive hydraulic fractures that were conducted in 1970s is of same size
as the fractures conducted in horizontal wells being applied today.
Recently, considerable attention focused on earth quakes associated with
hydraulic fracturing. For this, micro seismic monitoring is a valuable
technology for assessing the earth quake potential of fracturing
operations.
Market Dynamics
Drivers
-
Shale Boom
-
Production Benefits
-
Downstream Opportunities
Constraints
-
Environmental Issues
-
Impact of U.S LNG Imports on Asian Companies
Opportunities
-
Waterless Fracturing
-
Micro Seismic Monitoring
Companies Profiled
Major Oil & Gas Companies
-
Petrobras
-
Statoil ASA
-
Royal Dutch Shell PLC
-
ExxonMobil
-
Total
-
BP PLC
Suppliers
-
Weatherford International
-
Cudd Energy Services
-
Baker Hughes
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United Oilfield Services
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Halliburton
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FTS International
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Calfrac Well Services
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Schlumberger
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Superior Well Services
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Tacrom Services
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United Oil Field Services
Key Topics Covered
1 Introduction
2 Overview of Hydraulic Fracturing
3 Oil and Gas Market Outlook
4 Oil and Gas Prices Outlook
5 Drivers and Constraints
6 Investments in U.S. Gas Shales
7 Global Hydraulic Fracturing Market Scenarios
8 Hydraulic Fracturing Market by Region
9 Company Profiles
10 Financial Deals Landscape
11 Recent Developments
For more information about this report visit https://www.researchandmarkets.com/research/4bzjjj/hydraulic?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20181207005120/en/
Copyright Business Wire 2018
Source: Business Wire
(December 7, 2018 - 5:00 AM EST)
News by QuoteMedia
www.quotemedia.com
