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.
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