North America Shale Oil Market To Make Great Impact In Near Future by 2026
In Nov 2014, OPEC reduced its oil prices and increased its production to discourage shale oil manufacturers of world, this resulted production freeze among shale producers. This caused a major setback for world shale oil market. This also drastically increased the number of drilled out uncompleted wells (DUCs). These reasons forced American oil companies to become innovative and efficient. Now, Oil companies are cutting their production cost, deploying efficient oil rigs and increasing their production. Since July 2016, there has been 20% increase in oil rig counts. Oil producers have also increased their exports to India. These trends are declaring the redemption of U.S. shale oil. Shale oil market is expected to gain momentum from mid-2017.
Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-na-1936
Reserves: U.S. have significant proved shale oil reserves. Since 2010, there have been a regular increase in proved oil reserves. Presently the largest proved recoverable shale formation is the Monterey play in southern California (USA). The next largest recoverable shale oil plays are in Eagle Ford and Bakken. Green River Formation in Colorado, Wyoming, and Utah, are among the biggest oil shale deposits in the world. But these deposits are not economically recoverable with current technology. In Canada, Bakken (stretches across southern Saskatchewan to Manitoba) and Cardium formation in Alberta are two shale oil plays.
North America shale oil market: Drivers
Energy requirement for U.S. in increasing and new environmental reforms are limiting the use of coal as an energy source. This has increased energy dependency on petroleum and natural gas. In 2015, there was about 3% rise in energy fulfilled by petroleum based products in USA. Efficient working of shale oil producers and growing world energy demand are major drivers for shale oil market. Moreover U.S. oil imports are causing cash flow towards Middle East. Government are developing reforms to help shale oil and gas producers within the region. Technological advancements in drilling techniques are increasing the number of recoverable oil reserves.
North America shale oil market: Restraints
OPEC is over supplying the oil market and keeping its price low. OPEC produces oil for about $10 per barrel whereas shale oil costs around $25 a barrel. This has caused many smaller shale oil producers to cut down productions. This has created intense price pressure in the international market.
North America shale oil market: Segmentation
Market segmentation based on oil producing major shale play-
U.S. of America
Market segmentation based on method of extraction used-
Surface method(Ex-situ or conventional method)
Open pit mining
Vertical drilling and retorting
Horizontal drilling and retorting
Market segmentation on the based on application industries
North America shale oil market: Key Players
Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-na-1936
Apache Corporation, Chevron Corporation, ConocoPhillips Co, Continental Resources Inc, Hess Corporation, Koch Industries Inc, Linn Energy, LLC, Marathon Oil Corporation, Murphy Oil Corporation, Newfield Exploration Company, Occidental Petroleum Corporation (Oxy), Pioneer Natural Resources Company, Range Resources Corporation, Shell Oil Company, SM Energy Company, Whiting Petroleum Corporation, WPX Energy, Inc., Denbury Resources Inc, EOG Resources, Devon Energy, ExxonMobil, Chesapeake, Energy, EQT
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
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 North America Shale Oil Market To Make Great Impact In Near Future by 2026 here
News-ID: 437831 • Views: 420
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Oil
Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Oil Sands - Thematic Research
Oil Sands - Thematic Research Summary Oil sands, an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world's largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing severe backlash from environmentalists around the world, there has
Gingelly oil Market
https://www.qandqmarketresearch.com/reports/7431261/gingelly-oil-market-48 The global Gingelly oil market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Gingelly oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gingelly oil market size by analyzing historical data and future prospect. Regionally, this report focuses on
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Cottonseed Oil Market
Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation