GLOBAL HYDRAULIC FRACTURING & SERVICES MARKET
The report deals with the market for hydraulic fracturing and their services globally, especially in the US and Canada where the demand is high. Another major market covered in the scope of the report is China which has been aggressively expanding its fracturing capacity over the last two years. The report also identifies several other countries in Europe and Asia-Pacific with rich shale oil & gas resources that can be economically extracted. Regulations for hydraulic fracturing in some European countries are not favorable. However, recent technological advancements have made the fracturing process safer and efficient, making many countries across the globe eager to extract their oil and gas resources. The report also covers the demand for water, sand and other additives used in hydraulic fracturing. Fracturing sand and water are limited resources, procured from different suppliers. Stringent regulations owing to the scarcity of water play a major role in the fracturing market
The report deals with the market for hydraulic fracturing and their services globally, especially in the US and Canada where the demand is high. Another major market covered in the scope of the report is China which has been aggressively expanding its fracturing capacity over the last two years. The report also identifies several other countries in Europe and Asia-Pacific with rich shale oil & gas resources that can be economically extracted. Regulations for hydraulic fracturing in some European countries are not favorable. However, recent technological advancements have made the fracturing process safer and efficient, making many countries across the globe eager to extract their oil and gas resources. The report also covers the demand for water, sand and other additives used in hydraulic fracturing. Fracturing sand and water are limited resources, procured from different suppliers. Stringent regulations owing to the scarcity of water play a major role in the fracturing market
- TAGS
- well-completion
- hydraulic-fracturing-chemicals
- fracturing-chemicals
- water-storage-fracturing
- water-storage-market
- proppant-market-research
- proppant-market
- frac-service-companies
- fracturing-companies
- fracturing-service-provides
- fracturing-service-market-size
- fracturing-market-size
- frac-services-market
- fracking-services
- hydraulic-fracturing-services
- hydraulic-services-research
- hydraulic-services
- frac-market
- fracturing-market
- hydraulic-fracking-market
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DEFINITIONS & ASSUMPTIONS<br />
!<br />
1. Hydraulic fracturing market includes fracs completed by both Plug & Purf and Sliding<br />
Sleeve method.<br />
2. Hydraulic fracturing service cost varies from well to well depending on the number of<br />
frac stages and depth of wells, average depth and average number of frac stages for<br />
different zones have been considered for calculating the service cost per well in that<br />
specific zone.<br />
3. Region wise fracturing service cost for wells has been estimated based on the historical<br />
data provided by different service companies. Forecasts for the costs have been arrived<br />
by analyzing raw material trends, regulatory scenario in, demand for oil & gas and<br />
competitive landscape.<br />
4. Water demand for hydraulic fracturing is estimated by multiplying total number of<br />
!<br />
wells constructed using the standard vertical and horizontal methods with the water<br />
required for hydraulic fracturing per well. The amount of water required per well again<br />
varies depending on the depth and number of frac stages but for calculation purposes<br />
an average was assumed.<br />
<strong>HYDRAULIC</strong> <strong>FRACTURING</strong> & <strong>SERVICES</strong> - TRENDS<br />
!<br />
1. Hydraulic fracturing demand slowed down in the U.S due to excess supply of oil and gas<br />
domestically and limited number of exploration projects. As a result price of oil and gas<br />
decreased in 2012 as compared to 2011.<br />
2. Fracturing cost per well is expected to decrease on an annual basis in U.S but will continue to<br />
increase in Canada for the next two years.<br />
3. China has increased its frac capacity and will continue to increase substantially for the next<br />
five years.<br />
4. Majority of the European countries continue to support the ban on hydraulic fracturing.<br />
5. Globally fracturing service cost stood in the range of $2.5 – 3.5 million per well which have<br />
more than 15 and less than 30 frac stages.<br />
!<br />
IndustryARC | 6
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