Press release
Global Shale Gas Hydraulic Fracturing Market Expected to Witness a Sustainable Growth over 2023
Hydraulic fracturing is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely.
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Global Shale Gas Hydraulic Fracturing Market: Forecast by Type / Application / Region
Now shale gas is widely reserved underground. USA, China, Canada, Argentina and Mexica have big reserves. But due to the limitation of technology, USA becomes the most main manufacturing country in the world, taking 83.45% of the global production. With the process of the shale gas hydraulic fracturing in other countries such as China, Canada and Argentina, and the more attention on shale gas, China, Canada and Argentina gradually began to produce shale gas. Thanks to the cheap price and the huge reserves in the world, more and more countries star to pay attention on shale gas, for example that Mexico began to produce shale gas on its own and the Mexico company PEMEX has invested much money on exploration and production about shale gas.
Because USA is the first and biggest country to produce shale gas in the world, there are plenty of America manufacturers such as ExxonMobil, Range Resources, EQT, Chesapeake Energy, Chevron and Rice Energy. In Argentina, Yacimientos Petroleiferos Fiscales is the main manufacturer, in China CNPC and Sinopec are the main manufacturers
Shale gas is virtually natural gas and can be applied into residents, industrial and electric power. Industrial and electric power is the two main application, taking 34.49% and 34.25% of the total production respectively in 2016. Application in residents is also an important part of shale gas, in 2016, around 20.59% of the global production is consumed by residents.
Over the next five years, LPI(LP Information) projects that Shale Gas Hydraulic Fracturing will register a 4.2% CAGR in terms of revenue, reach US$ 48700 million by 2023, from US$ 39700 million in 2017.
Global Shale Gas Hydraulic Fracturing Market: Key Players
ExxonMobil
Range Resources
EQT
Chesapeake Energy
Chevron
Rice Energy
CONSOL Energy
EOG Resources
Anadarko Petroleum
Occidental Petroleum
Devon Energy
Marathon Oil
BHP Billiton
Yacimientos Petroleiferos Fiscales
CNPC
Sinopec
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Related Information:
United States Shale Gas Hydraulic Fracturing Market Research Report 2018
Europe Shale Gas Hydraulic Fracturing Market Research Report 2018
North America Shale Gas Hydraulic Fracturing Market Research Report 2018
Asia-Pacific Shale Gas Hydraulic Fracturing Market Research Report 2018
China Shale Gas Hydraulic Fracturing Market Research Report 2018
EMEA Shale Gas Hydraulic Fracturing Market Research Report 2018
Global Shale Gas Hydraulic Fracturing Market Research Report 2018
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