December 7, 2018 - 5:00 AM EST
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Hydraulic Fracturing Market Outlook (2017-2022) - ResearchAndMarkets.com

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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
  • United Oilfield Services
  • Halliburton
  • FTS International
  • Calfrac Well Services
  • Schlumberger
  • Superior Well Services
  • Tacrom Services
  • 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

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Related Topics: Oil and Gas Exploration and Production


Source: Business Wire (December 7, 2018 - 5:00 AM EST)

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