DALLAS, December 4, 2014 /PRNewswire/ --
ReportsnReports.com adds Hydraulic Fracturing Market by Geography & by Well Type (Horizontal and Vertical) and Shale Play in the U.S. - Global Trends and Forecast to 2014 - 2019 research report of 175 pages to its online industry intelligence store.
This report estimates the hydraulic fracturing market, in terms of market size and market share. The market size has been estimated in terms of $million, whereas share in terms of million hydraulic horse power. This has been broken down into regions and U.S. shale plays; shale is split into well types (horizontal and vertical). Complete research is available at http://www.reportsnreports.com/reports/184843-hydraulic-fracturing-market-by-resource-well-type-global-trends-forecasts-up-till-2017.html .
The North American hydraulic fracturing market held the largest share in 2013, around 85%, globally. In North America, the U.S. is the largest market and is expected to continue its dominance in the hydraulic fracturing industry, and is led by Halliburton, Schlumberger, Baker Hughes, Superior Well services, Cudd Energy Services. Within other regions, China is the leading player in Asia-Pacific due to exploration and production activities in its abundant shale reserves. This, in turn, will drive the fracturing equipment demand, and hence hydraulic fracturing market is projected to reach $3,407.77 million by 2019. The hydraulic fracturing market has been segmented into six regions, namely North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific. The market has been further segmented on the basis of shale plays in the U.S. region, and has been split on the basis of well type (horizontal and vertical).
The hydraulic fracturing market is likely to grow reasonably in upcoming years. The long-term drivers of the hydraulic fracturing market are well known. The relentless depletion of onshore and shallow water fields has compelled oil companies to focus on deep water and unconventional onshore areas where a various hydraulic fracturing services are required in order to produce the field. The major drivers for pressure pumping market are increases production rate and add to recoverable reserves, and energy strategy shift through gas. High water usage, environmental concerns, and concerns about seismic activities are seen as major restraints to the hydraulic fracturing market. The increase in demand for natural gas and oil drives the need for fracturing activities and investments. This increases the need for hydraulic fracturing infrastructure, which further leads to the demand of hydraulic fracturing equipment and service.
Companies profiled in this 2014-2019 hydraulic fracturing market report include Baker Hughes Incorporated, Calfrac Well Services Ltd., FTS International, Halliburton, Nabors Industries Ltd., Patterson-Uti Energy Inc., Rpc Inc., Schlumberger Limited, Tacrom Services Srl, Trican Well Service Limited, United Oilfield Services and Weatherford International PLC. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=184843 .
Hydraulic fracturing is a method of propagating fractures on reservoirs having low permeability to increase the flow of oil and/or gas from shale formation, which eventually improves exploration and production activities. Fracturing fluids are pushed through well casings with high pressure, which allows oil and/or gas to flow from the wellbore. High pressure is maintained in the wellbores to create fractures perpendicular to the well. The ingredients of such fluids are water-based content (sand and water), additives, and proppants. Proppants have the capability to maintain fractures intact of adequate width.
We have used various secondary sources such as encyclopedia, directories, and databases to identify and collect information useful for this extensive commercial study of global pressure pumping market. The primary sources - experts from industry and suppliers have been interviewed to obtain and verify critical information as well as to assess the future prospects of the hydraulic fracturing market.
The global fracking (hydraulic fracturing) fluids market is likely to witness a CAGR of 9.6% from 2013 to 2018. North America is the largest market for fracking fluids and chemicals, followed by Asia-Pacific, Latin America, Europe, the Middle East and Africa. This according to a report on Fracking Chemicals and Fluid Market by Fluid & Well Type, and Chemicals (Acid, Surfactant, Biocide, Gelling Agent, Cross Linker, Breaker, Scale & Corrosion Inhibitor, Clay & Iron Control, Friction Reducer) - Global Trends & Forecasts to 2018 available with ReportsnReports.com at http://www.reportsnreports.com/reports/273359-fracking-chemicals-and-fluid-market-by-fluid-well-type-and-chemicals-acid-surfactant-biocide-gelling-agent-cross-linker-breaker-scale-corrosion-inhibitor-clay-iron-control-friction-reducer-global-trends-forecasts-to-2018.html . This market has experienced backward integration of the fracking companies into the production of fracking chemicals and fluids. Apart from the hydraulic fracturing companies, the chemicals companies have set up separate departments for the development of oilfield chemicals that work to manufacture the fluids and chemicals with the desired properties. Major companies such as Baker Hughes (U.S.), Chevron Phillips Chemical (U.S.), Halliburton (U.S.), Linde (Germany), Schlumberger (U.S.), Weatherford (Switzerland), Calfrac Well Services (Canada), FTS International (U.S.), Trican Well Services (Canada), BASF (Germany), Dow Chemical (U.S.), DuPont (U.S.), Clariant (Switzerland), Ashland (U.S.), Albemarle (U.S.), Akzo Nobel (The Netherlands), Solvay (Belgium) have been profiled in the report.
The US Hydraulic Fracturing (Fracking) Regulations Handbook offers comprehensive information on hydraulic fracturing regulations applicable in the US both at the federal and state level. The report provides information on the regulatory bodies supervising hydraulic fracturing operations and laws and acts enacted for the regulation of fracking operations. The report also provides information related to the current state-level regulatory bodies and the policies framed for protecting the environment and public health from the potential impacts of fracking. As a part of this report's scope, information is provided on hydraulic fracturing regulations in the US at the federal level and the acts enacted for environmental and public health protection, regulatory bodies in Colorado, Texas, Pennsylvania, North Dakota, New York, Arkansas, Michigan, Ohio, Oklahoma, West Virginia and Alabama for hydraulic fracturing activities as well as rules and regulations framed at the state level in Colorado, Texas, Pennsylvania, North Dakota, New York, Arkansas, Michigan, Ohio, Oklahoma, West Virginia and Alabama for environmental and public health protection.
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