Friday, 28 November 2014

Hydraulic fracturing is a technique of propagating fractures on low-permeability reservoirs such as shale to increase oil and/or gas flow from the formation, and eventually improve production. Fluids, along with proppants, are injected at high pressure and flow rate into a reservoir to create fractures perpendicular to the wellbore, based on natural stresses of the formation, to maintain those openings during production. This technique is primarily used to create enough permeability across the reservoir to extract oil & gas, otherwise difficult to recover through natural production. The technique emerged following the U.S. shale gas revolution which is now playing an important role in unconventional oil & gas exploration and production activities, to produce untapped energy potential from solid rocks.

Fracturing fluids are used in hydraulic fracturing treatments of shale to keep the well viscous enough to create a fracture of adequate width. These are water-based fracturing fluids mixed with proppants and thickening agents, pumped in a controlled and monitored environment into shale, above fracture pressure.
Driven principally by the U.S., other countries such as Canada, Russia, Argentina, Australia, and China are also expected to contribute in the future to the growth of shale. China is expected to exponentially increase its shale gas production by 2015, which in turn is expected to drive the hydraulic fracturing market in the Asian region. Other countries are also expected to drive their shale gas production in the future to enhance their economic growth.

Hydraulic fracturing has been facing a lot of public opposition due to potential environmental hazards caused by the process. Water usage, water contamination, and seismic activities are the most important concerns related to hydraulic fracturing. Due to these environmental concerns, market growth in some regions is also expected to face some restraints. In fact, some companies have even banned from using hydraulic fracturing. This presents an opportunity for oilfield service companies to use ‘waterless’ hydraulic fracturing or foam fracturing.

Scope of the report: The report estimates the global hydraulic fracturing market by the end of 2019. It highlights various key industrial issues and market impulse factors. It also describes a number of important dynamics such as key drivers, restraints, opportunities, and industry challenges of the market.
On the basis of well type: Horizontal and vertical wells

On the basis of Shale type: Antrim, Bakken, Barnett, Eagle Ford, Fayetteville, Haynesville, Marcellus, Woodford, and Rest of the U.S. ‘shale’

On the basis of Region:  North America, Latin America, Europe, the Middle East, Africa, and Asia-Pacific

To provide a deeper understanding of the competitive landscape, the report includes profiles of some of the major hydraulic fracturing players such as Schlumberger (U.S.), Halliburton (U.S.), Baker Hughes (U.S.), Calfrac Well Services (U.S.), FTS International (U.S.), Nabors Industries Ltd. (Bermuda) (U.S.), Tacrom Services SRL (Romania), Trican Well Services Limited (U.S), United Oilfield Services (U.S.), Weatherford International Inc. (U.S.), and Patterson-UTI Energy Inc. (U.S.).

Market share analysis of the top companies has also been included in this report, which has been estimated in terms of volume and value. The market share has been estimated in terms of million Hydraulic Horse Power (hhp) and market size in terms of $million. This has been broken down based on regions and further split into countries. For this study, the major market players have been identified through secondary and primary research activities. The market share analysis of these key players has been arrived at based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.


Post a Comment

Subscribe to RSS Feed Follow me on Twitter!