Hydraulic Fracturing Market Comprehensive Analysis, Growth Forecast to 2025 | FTS International
The process of hydraulic well fracturing (or ‘fracking’) essentially includes fracturing the rock or creating enough pressure to induce cracking the rock layer and is used after the hole has been drilled. This is necessary in order to create pathways and facilitate the movement of natural gas and oil through the rock to the oil well and is helpful in augmenting volumes of recovery of fluids. This is one of the most popular technologies used in unconventional oil and natural gas production. The technology has gained significance in a number of countries focusing on natural gas reservoirs for meeting their energy needs, especially in the U.S. A significant part of oil and gas exploration activities in North America tend to incline toward shale gas extraction in order to keep many oil and gas operations lucrative. For instance, in many states of the U.S., hydraulic well fracturing process is prominently used for keeping the exploration activities in several maturing oil and natural gas fields economically viable. Along with horizontal drilling, the process of hydraulic well fracturing, has recently opened up new avenues in the area of oil and gas production.
Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1301
Common fracturing fluids used in the process are water, chemical additives, and proppants typically consisting of sand, ceramic pellets or any small particles that resist compression. These fluids are used to induce fracturing and keep open the fractures created within the rocks lying thousands of feet beneath the surface. After the injection of the fluids are over, the internal pressure of the rock formation causes fluids, along with water, to flow back to the surface. Typically called ‘flowback’ fluid, these are stored in tanks or pits so that they can be used for treatment or recycling or disposal, mostly to the underground, if possible.
Global Hydraulic Fracturing Market: Overview
Millions of gallons of water, chemicals, and sand are pushed underground to take apart rocks and release gases, in a process known as hydraulic fracturing. While the hydraulic process is often confused with the process of drilling, hydraulic fracturing is actually used after a hole has been drilled. The process is widely used all over the globe, particularly in the Middle East.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1301
Major oil and gas producers have been feeling the pinch of declining conventional reserves. However, with the assistance of hydraulic fracturing techniques, hydrocarbon extraction from unconventional reserves has become tad easier.
Global Hydraulic Fracturing Market: Key Trends
The world is going through a crisis in terms of depleting conventional reserves and hydraulic fracturing is a silver lining for those who are directly or indirectly dependent on these reserves. The demand for hydraulic fracturing is high as a shift in preference can be witnessed for unconventional reserves including shale, tight gas, tight oil, and coal bed methane, which is in turn fuelling the market. Also, rapid infrastructure development and industrialization are supplementing the demand for hydraulic fracturing.
Although hydraulic fracturing is being given a lot of importance in various countries, the market has had to face the music on account of several adverse effects such as noise and visual impact, seismic events, and land surface disturbances. In addition, expensive operational costs involved in development of shale gas is presenting a tough challenge to hydraulic fracturing companies.
Global Hydraulic Fracturing Market: Market Potential
The demand for energy is never going to subside. There is an urgent need for innovative ideas and new technologies that will reduce development and management costs and increase efficiency and effectiveness. The economic advantage achieved will further help drilling, exploration, expansion, and fracturing activities in new territories.
Saudi Arabian Oil Company, also called Saudi Aramco, has been relentlessly working on the stimulation and fracturing of wells and has been expanding and improving continuously in the areas of fracture design, use of novel materials, and field implementation. It recently introduced the use of local sand as proppants combined with the channel fracturing technique.
Seawater-based fracturing fluids is another commendable technology being developed and adopted in Saudi Arabia, which will help save valuable fresh water. The few field applications and laboratory experiments have shown constancy at high pressures and temperatures, compatibility with fracturing additives and formation fluids, and resilience against scale formation. This technology will go a long way in serving the environment tremendously through the use of seawater and will help make fresh water available and affordable in remote areas.
Global Hydraulic Fracturing Market: Regional Outlook
The U.S. market for hydraulic fracturing is prospering due to growing exploration and production of unconventional resources such as tight oil and shale gas, coupled with available resources such as advanced technology and skilled manpower.
Due to surplus availability of unconventional resources, China’s hydraulic fracturing market is expected to grow during the forecast period. Whereas in Europe, increasing investigation related to the development of available hydrocarbon reserves is likely to favor the business growth.
Escalating investments in oil and gas projects are giving impetus to the market in Saudi Arabia. Saudi Aramco is planning to invest US$334 billion to support infrastructure project, service facilities, and in the exploration and production phase of unconventional resources.
Global Hydraulic Fracturing Market: Competitive Analysis
The global hydraulic fracturing market is highly consolidated despite the presence of a large number of players operating across the value chain. Some of the prominent participants in this industry are FTS International, Cudd Energy Services, Patterson UTI Tacrom Services, Trican Well Services, Baker Hughes Incorporated, Trican Well Services Ltd, Weatherford International, Haliburton, Calfrac Well Services, Schlumberger Limited., ConocoPhilips, Franklin, United Oilfield Services, and Superior Energy Services.
In 2016, Oklahoma’s Seventy Seven Energy entered into a merger agreement with Patterson UTI to expand its fracturing business with 201 high specific rigs.
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hydraulic Fracturing Market Comprehensive Analysis, Growth Forecast to 2025 | FTS International here
News-ID: 1830624 • Views: 424
More Releases from TMR Research
Artificial Intelligence in Education Market | ALEKS, Knewton, Metacog, Google, A …
Global Artificial Intelligence in Education Market: Snapshot The global artificial intelligence and education Market is significantly driven by the integration of intelligent algorithms as well as Advanced Technologies in to e-learning platforms. Education software, machine learning, and artificial intelligence are some of the Innovative learning models and Technologies change the rules and creating tremendous shift from the teaching methods. These technologies have completely transformed with a classroom. The sophistication level has
Botnet Detection Market Overview, Global Analysis Market Size, Share, Top Trends …
Global Botnet Detection Market: Overview Over the past decade, botnet detection has garnered widespread attention among cybersecurity professionals and Technology Company's world over. Botnet is an array of connected devices over the public internet, essentially consisting of compromised workstations and servers, infected by a set of malicious software or malware. Botnets are controlled by single attacker or a group, who use them essentially for criminal or malicious intent. Using the seemingly
Corporate Learning Management System Market Analysis Key Trends and Size (Value …
Global Corporate Learning Management System Market: Snapshot The offerings of the global market for corporate learning management have grabbed the attention of several businesses, stakeholders, and companies. Corporate learning management is a system wherein businesses acquire key knowledge that can help in streamlining the processes within their corporate framework. The domain of corporate learning encompasses several elements concerned with the profitability, efficiency, and effectiveness of a business enterprise. In this fast-pace
Insurance Analytics Market Competitive Landscape and Predicted to Accelerate the …
Global Insurance Analytics Market: Snapshot The global market for insurance analytics has gained momentum on account of the ease of administration and planning offered by structured and unstructured data within insurance. Insurance analytics has the capacity to bring a level of sophistication, lucrativeness, and order to the insurance companies. With constant changes in financial policies and regulations across regions, the insurance companies are compelled to use analytics to stay in control
More Releases for Services
Redesigned Online Services | Transcription Services U.S.
Transcription Services U.S. offer unmatched quality and responsive services at very reasonable rates. We offer fluent and native experts who are committed to provide memorable translation and transcription services. Transcription Services U.S. is your ideal choice of company for certified Immigration translation, legal translation, audio and video translation, academic translation to mention but a few. Our capabilities will exceed your expectations and we deliver our projects on a prompt basis. Transcription
Amarc Services Offer Speedy Boiler Repair Services
United Kingdom 05-01-2018. Amarc Services know that a warm and comfortable home is essential at this time of year. This is why it is important that people know where to turn to when problems arise at their property. With this in mind, Amarc Services is pleased to announce a range of boiler repair and heating system services this winter. As we move into 2018, it is essential that homeowners take
Dental Services Market: Coast Dental Services, Pacific Dental Services
HTF MI published a new industry research that focuses on Dental Services market and delivers in-depth market analysis and future prospects of Global Dental Services market. The study covers significant data which makes the research document a handy resource for managers, analysts, industry experts and other key people get ready-to-access and self-analyzed study along with graphs and tables to help understand market trends, drivers and market challenges. The study is
B2B Data Matching Services | Leo Data Services
B2B Data Matching Services - Revolutionary Marketing Campaigns In today's business scenario, managing successfully B2B Data Matching for prospect customer can be a challenge even the most capable organizations. Business to Business Marketing services from Leo Data Services are always customized to meet the needs of the business prospects. We make sure that our clients have quick, reliable access to their data through several possible interface methods that cover everything from data
Authority Content Services Launched New Services
Indian content writing company, Authority Content Services, has opened its new website and made it open for the global audience. This is a major step for the company as the company has changed domain completely and now sports a professional look. Mahdi ul Baasit, the owner of Authority Content Services, spoke to the media enthusiastically about it. “We are ecstatic, to say the least, about the new launch. We have shifted
Outsourcing Services | Outsourcing Services
Intelgain Technologies, (previously known as Dynamic Web Technologies) is a certified Software solutions provider that delivers unique enterprise IT solutions, making your most complex, mission-critical projects simple and easy to handle. We partner you through strategic implementation of technology, backed by solid domain and industry expertise. Besides Custom Web, Bespoke Software Application development, we offer software consultancy, design, maintenance and support. We integrate, automate optimize Global business, using best-of-breed practices,