Report Details

Tight gas development is, from a variety of viewpoints, an underappreciated component of the unconventional oil and gas industry. Like shale, this unconventional resource will enjoy double-digit percentage point growth in E&P capital expenditure over the next 5 years. Large-scale production is limited to North America and China, a situation that will have changed by 2023. Visiongain has determined that the value of capital expenditure on Tight Gas E&P efforts will reach $8,718.9m in 2013.

Not until 2011 did shale gas production overtake the contribution of tight gas to US domestic natural gas supply. Without the development of the tight gas industry - now decades old - drilling and completion techniques capable of extracting gas from shale formations would not have evolved.

However, the tight gas industry is only a notable part of the natural gas supply picture in North America and China. The entrance of China is a recent development, but is the most important for future spending on tight gas E&P efforts. Shale gas and coalbed methane production are far lower than is desired and ambitious targets for domestic natural gas production, set by the Chinese government, will need to be met with ever-increasing volumes of tight gas.

Argentina and Oman help to buttress this capital expenditure, whilst market spaces such as Europe and Australia are delayed by an inability to access any economy of scale. Indeed, a high cost drilling and completion environment, combined with environmental opposition to hydraulic fracturing, create barriers to tight gas E&P that prevent capital deployment. Further limitations include artificially low natural gas prices and the depressed hub prices of North America.

Liquids-rich tight gas formations have become crucial to project economics, especially in North America. Aside from rig efficiency gains and E&P targeting liquids-rich plays, tight gas developers in this region will, in the long-term, rely on the ability to access export markets via LNG.

Despite limitations, mostly as a result of gas prices or drilling and completion cost, the overall picture for tight gas is positive. Plentiful reserves, a growing global natural gas market and extensive experience born from decades of North American development are just some of the factors that enable capital expenditure expansion over the next 10 years.

What makes this report unique?

Visiongain consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, the report has a unique blend of primary and secondary sources providing informed opinion. The report provides insight into key the drivers for, and restraints on, tight gas E&P capital expenditure. It also identifies future growth areas, analyses leading companies and provides a unique blend of qualitative analysis combined with extensive quantitative data, including global and regional market forecasts from 2013-2023 - all highlighting key business opportunities.

Why you should buy the Global Tight Gas Market 2013-2023: The Underappreciated Predecessor of Shale Gas

- 171 pages of comprehensive analysis
- 3 Exclusive Visiongain interviews with:
- Alan Flavelle, Executive Chairman at Greenpower Energy.
- Viktor Soreg, Director of Exploration Portfolio Management for the Eurasian region at MOL Group.
- Stephen Keenihan, Chief Executive Officer, Managing Director and Executive Director of Transerv Energy.
- 100 tables, charts, figures, maps and graphs
- Tight Gas E&P CAPEX forecasts between 2013-2023 globally and for five leading national markets
- Argentina,
- Canada,
- China,
- Oman
- US.
- A European region market forecast, including Individualised outlooks for Germany, Hungary, the Netherlands, Slovenia, Turkey and the Ukraine.
- 'Rest of the World' market forecast in

Table Of Contents

1. Executive Summary

1.1 The Global Tight Gas Market Overview
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology
1.5 Global Market Forecast 2013-2023
1.6 Leading Tight Gas Market Forecasts 2013-2023

2. Introduction to the Global Tight Gas Market

2.1 Definition of Tight Gas
2.2 Tight Gas Market Definition
2.3 'Dry Gas' versus 'Wet Gas'
2.4 Tight Gas Market Structure Overview
2.5 Characteristics of Tight Gas Drilling - Recovery Rate, Estimated Ultimate Recovery and Decline Curves
2.6 Tight Gas Stimulation Techniques
2.7 History of Tight Gas Exploration and Production

3. Global Tight Gas Market Forecast 2013-2023

3.1 Global Tight Gas Drivers and Restraints
3.2 How Much Tight Gas is there Worldwide?
3.3 Production Techniques, Challenges and Rig Efficiency
3.4 Tight Gas: The Forgotten Predecessor of Shale Gas
3.5 The Global Gas Market and Tight Gas Economics

4. Leading Tight Gas Markets Forecast 2013-2023

4.1 Leading Tight Gas Markets Share Forecast 2013-2023
4.2 Barriers to Entry Analysis for the Global Tight Gas Market
4.3 US Tight Gas Market Forecast 2013-2023
4.3.1 Regional Distribution of Tight Gas Assets and CAPEX Focus
4.3.1.1 Tight Gas Development Hot Spots
4.3.2 US Tight Gas Economics
4.3.2.1 US Tight Gas Return on Investment Analysis
4.3.2.2 Plugging and Abandoning: When Does the OPEX of an Old Tight Gas Well Become Too Much To Bear?
4.3.2.3 US Natural Gas Demand, Price Dynamics and their Impact on Tight Gas EandP
4.3.3 Drilling Techniques and EUR
4.3.4 Tight Gas vs. Shale Gas
4.3.5 Drivers and Restraints on Tight Gas CAPEX in the US
4.3.5.1 Drivers
4.3.5.2 Restraints
4.4 Chinese Tight Gas Market Forecast 2013-2023
4.4.1 Tight Gas Resources, Production Growth and Production Targets
4.4.2 Price Dynamics and Chinese Tight Gas Development
4.4.3 Chinese Tight Gas Market Drivers and Restraints
4.4.3.1 Drivers
4.4.3.2 Restraints
4.5 Omani Tight Gas Market Forecast 2013-2023
4.5.1 Omani Tight Gas Market Drivers and Restraints
4.6 European Tight Gas Market Forecast 2013-2023
4.6.1 European Tight Gas Market Drivers and Restraints
4.6.2 Rig Availability in Europe
4.6.3 Tight Gas Economics in Europe
4.6.4 The Future of Oil-Indexed Gas Contract Pricing in Europe
4.6.5 European Tight Gas Markets
4.6.6 Dutch Tight Gas Outlook
4.6.7 German Tight Gas Outlook
4.6.8 Hungarian Tight Gas Outlook
4.6.9 North Sea Tight Gas Outlook
4.6.10 Polish Tight Gas Outlook
4.6.11 Slovenian Tight Gas Outlook
4.6.12 Turkish Tight Gas Outlook
4.6.13 Ukrainian Tight Gas Outlook
4.7 Canadian Tight Gas Market Forecast 2013-2023
4.7.1 Canadian Tight Gas Market Drivers and Restraints
4.7.2 Tight Gas Market Access
4.7.3 The Role of Canadian Gas Consumption
4.7.4 Access to Markets: Pipelines and LNG Export Markets
4.7.5 How do Canadian LNG Exports Compare Against US Competition?
4.7.6 British Columbia Natural Gas Pipelines
4.7.7 The Role of the Global Gas Market
4.7.8 The Threat of East African Supply
4.7.9 Canadian Tight Gas Formations and Current EandP
4.8 Argentinean Tight Gas Market Forecast 2013-2023
4.8.1 Argentinean Tight Gas Market Drivers and Restraints
4.8.1.1 Drivers
4.8.1.2 Restraints
4.9 Rest of the World Tight Gas Market Forecast 2013-2023
4.9.1 Australian Tight Gas Market Outlook- In Depth
4.9.1.1 Australian Tight Gas Market Drivers and Restraints
4.9.1.2 Access to Markets and Natural Gas Price Dynamics
4.9.1.3 Why the Cooper Basin is Leading the Way for Tight Gas EandP
4.9.1.4 What is Restricting Australian Tight Gas Development?
4.9.1.5 Tight Gas Basins in Australia and Current Progress
4.9.1.5.1 Cooper Basin
4.9.1.5.2 Perth Basin
4.9.1.5.3 Other Active Plays for Tight Gas EandP
4.9.2 Algerian Tight Gas Market Outlook
4.9.3 Brazilian Tight Gas Outlook

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