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US Shale Gas & Tight Oil: Products & Services Market

  • February 2014
  • -
  • Freedonia
  • -
  • 397 pages

US demand to surpass $90 billion in 2017

Demand for products and services used in the development of shale gas and tight oil reservoirs is forecast to surpass $90 billion in 2017. The rapid growth in production from these unconventional resources continues to have a ripple effect throughout the US economy. After years of declines, US crude oil production is rising again and abundant low cost natural gas resources are rejuvenating the US manufacturing sector. This will provide opportunities for oilfield service companies across the board and will continue to require large amounts of chemicals, proppants, and essential equipment such as drill bits, tubular goods, and well logging equipment.

Liquid plays to remain strong; gas plays to revive

Large scale shale gas development began in the Barnett in the early 2000s and quickly spread to other natural gas plays. However, in recent years, low gas prices have limited growth in the gas sector (except for newly developing plays such as the Marcellus) and narrow profit margins for shale gas operators and a jump in oil prices have turned attention to more liquid rich plays such as the Bakken, Eagle Ford, and Permian Basin formations. Going forward, activity in liquid plays will remain strong and a forecast recovery in natural gas prices will begin to drive renewed interest in dry gas plays such as Haynesville.
Demand for products will be driven not only by overall levels of industry activity but also by increasing well depths and continued efforts to maximize well output and heighten drilling and completion efficiency. The continued usage of high volume hydraulic fracturing will require significant amounts of fracturing fluids and proppants as well as pressure pumping services. As plays enter the development stage, operators will work to optimize their process designs, which will lead to continuing changes in the types of proppants and fluids used. For example, in recent years gelled fluids lost ground to slickwater formulations but now operators are moving away from slickwater in some areas to hybrid fluids or other products that improve well output while minimizing environmental impact. Furthermore, many operators have begun using proprietary water based drilling muds that mimic the performance of oil and synthetic based muds, but at less risk to the environment.

A significant amount of this new unconventional resource development is occurring in areas that were not traditional hotbeds of oil and gas activity. In some cases this resulted in a backlog of wells that needed completion due to a lack of available infrastructure or shortages in completion crews. However, it has also increased regional demand for a number of products used in well drilling and completion and prompted the opening of new regional manufacturing facilities to make these products.

Well output to fall, boosting product & service demand

As some of these shale gas and tight oil plays begin to reach maturity over the next decade, average per well output will fall as the number of new wells is unable to offset the production declines in legacy wells. This should spur healthy demand for production and workover services but also will prompt continued drilling of new wells to support output. Additional opportunities will present themselves should production from plays with considerable potential like the Monterey and Wolfcamp become commercially viable over the next 10 years.

Study coverage

This upcoming Freedonia industry study, Shale Gas & Tight Oil: Products & Services, is priced at $5200. It presents historical demand data for 2007 and 2012, plus forecasts for 2017 and 2022 by product, service, region and play. The study also considers market environment factors, evaluates company market share and profiles 41 competitors in the US industry.

Table Of Contents

US Shale Gas and Tight Oil: Products and Services Market
Introduction
Executive Summary
1 Summary Table
Market Environ ment
Macroeconomic Environment
Demographic Overview
Manufacturing Overview
Electricity Generation
US Petroleum and Natural Gas Overview
Petroleum Market
Exploration and Reserves
Production
Drilling
Pricing
Natural Gas Market
Exploration and Reserves
Production
Drilling
Pricing
Environmental and Regulatory Considerations
International Activity

LIST OF TABLES and CHARTS:

1 Macroeconomic Indicators
2 Population and Households
3 Manufacturers' Shipments
4 Electricity Generation by
Fuel Source and Generator
5 Petroleum and Natural Gas Supply and Demand
6 Petroleum Supply and Demand
Cht US Petroleum Imports by Source, 2012
Cht Petroleum Reserves, 2002-2012
Cht Crude Oil Reserves by State, 2012
7 Petroleum Production by Source
8 Petroleum Drilling Indicators
Cht Petroleum Drilling Indicators, 2007-2012
Cht Petroleum Prices, 2002-2012
9 Natural Gas Supply and Demand
Cht Natural Gas Production by Type, 2002-2022
Cht Natural Gas Reserves, 2002-2012
Cht Natural Gas Reserves by State, 2012
10 Natural Gas Production by Source
Cht Natural Gas Production, 2002-2012
11 Natural Gas Drilling Indicators
Cht Natural Gas Drilling Indicators, 2007-2012
Cht Natural Gas Wellhead Prices, 2002-2012
SHALE OVERVIEW
Technology Overview
Exploration
Drilling
Completion
Hydraulic Fracturing
Multistage Fracturing
Refracturing
Other Fracturing Techniques
Cost Comparison
Drilling and Completion Activity
Tight Oil
Shale Gas
Production Outlook
Tight Oil
Shale Gas
Shale Products and Services Demand

LIST OF TABLES and CHARTS:

1 Tight Oil and Shale Gas Drilling Indicators
2 Tight Oil Drilling Indicators
3 Shale Gas Drilling Indicators
4 Tight Oil and Shale Gas Production
and Producing Wells
5 Tight Oil Production and Producing Wells
6 Shale Gas Production and Producing Wells
7 Shale Products and Services Demand
Cht Shale Products and Services
Demand, 2007-2022
PRODUCTS
Drilling Products
Equipment and Parts
Tubular Goods
Downhole Tools
Drill Bits and Reamers
Other Equipment and Parts
Market Share
Drilling Fluids
Water-Based
Oil-Based
Synthetic Based
Market Share
Stimulation Products
Proppants
Sand Proppants
Raw
Coated
Ceramics
Other Proppants
Market Share
Chemicals and Gases
Gelling Agents
Gases
Biocides
Breakers
Crosslinking Agents
Acids
Other Chemicals
Market Share
Other Fluids and Materials
Completion and Workover
Cementing
Production

LIST OF TABLES and CHARTS:

1 Shale Products Demand
2 Drilling Products Demand by Type and Play
3 Equipment and Parts Demand by Type and Play
Cht Equipment and Parts Demand by Type, 2012
4 Tubular Goods Demand by Type
5 Downhole Tool Demand by Type
6 Drill Bits and Reamers Demand by Type
7 Other Equipment and Parts Demand
8 Drilling Fluid Demand by Type and Play
Cht Drilling Fluid Demand by Type, 2012
9 Stimulation Products Demand by Type and Play
10 Proppants Demand by Type and Play
Cht Proppant Demand by Type, 2012
11 Sand Proppants Demand
Cht Sand Proppant Demand by Type, 2007-2022
12 Raw Sand Proppants Demand
13 Coated Sand Proppants Demand
14 Ceramic Proppants Demand
15 Other Proppants Demand
16 Chemicals and Gases Demand by Type and Play
Cht Chemicals and Gases Demand by Type, 2012
17 Gelling Agent Demand by Play
18 Gases Demand by Play
19 Biocides Demand by Play
20 Breakers Demand by Play
21 Crosslinking Agent Demand by Play
22 Acid Demand by Play
23 Other Chemicals Demand by Play
24 Other Fluids and Materials
Demand by Type and Play
Cht Other Fluids and Materials
Demand by Type, 2012
SERVICES
Pressure Pumping Services
Drilling Services
Completion and Production Services
Market Share

LIST OF TABLES and CHARTS:

1 Shale Services Demand by Type
Cht Shale Services Demand by Type, 2012
2 Pressure Pumping Services Demand by Type
3 Drilling Services Demand by Type
Cht Drilling Services Demand by Type, 2012
4 Completion and Production Services
Demand by Type
Cht Completion and Production Services
Demand by Type, 2012
REGIONS and PLAY S
Shale Activity by Region
Tight Oil
Shale Gas
Shale Activity by Play
Production
Tight Oil
Shale Gas
Rigs and Wells
Tight Oil
Shale Gas
Shale Products and Services Demand by Region
Southern Region
Eastern Region
Midwestern Region
Western Region
Shale Products and Services by Play
Eagle Ford
Bakken
Marcellus
Woodford
Haynesville
Barnett
Permian Basin
Utica
Fayetteville
Other Plays
Niobrara
Monterey
All Other

LIST OF TABLES and CHARTS:

1 Tight Oil Activity by Region
2 Shale Gas Activity by Region
3 Tight Oil Production by Play
4 Shale Gas Production by Play
5 Active Tight Oil Rigs by Play
6 Tight Oil Wells Drilled by Play
7 Tight Oil Wells Completed by Play
8 Tight Oil Producing Wells by Play
9 Active Shale Gas Rigs by Play
10 Shale Gas Wells Drilled by Play
11 Shale Gas Wells Completed by Play
12 Shale Gas Producing Wells by Play
13 Shale Products and Services Demand by Region
Cht Shale Products and Services Demand
by Region, 2007-2022
14 Southern Region: Shale Products
and Services Demand
15 Eastern Region: Shale Products
and Services Demand
16 Midwestern Region: Shale Products
and Services Demand
17 Western Region: Shale Products
and Services Demand
18 Shale Products and Services
Demand by Principal Play
Cht Shale Products and Services Demand
by Principal Play, 2012
19 Eagle Ford: Shale Products
and Services Demand
20 Bakken: Shale Products and Services Demand
21 Marcellus: Shale Products
and Services Demand
#3112 - Shale Gas and Tight Oil:
Products and Services
Preliminary
Table of Contents/
List of Tables and Charts
INDUSTRY MARKET RESEARCH: BUSINESS INTELLIGENCE FOR BUSINESS LEADERS, STRATEGISTS, DECISION MAKERS
Industry Studies - Custom Research - Focus Reports
22 Woodford: Shale Products
and Services Demand
23 Haynesville: Shale Products
and Services Demand
24 Barnett: Shale Products and Services Demand
25 Permian Basin: Shale Products
and Services Demand
26 Utica: Shale Products and Services Demand
27 Fayetteville: Shale Products
and Services Demand
28 Other Plays: Shale Products
and Services Demand
INDUSTRY STRUCTURE
Market Share
Mergers and Acquisitions
Cooperative Agreements
Research and Development

LIST OF TABLES and CHARTS:

1 US Shale Products and Services Sales by Company, 2012
Cht Shale Products and Services Market Share, 2012
2 Selected Acquisitions and Divestitures
3 Selected Cooperative Agreements
4 Research and Development Expenditures:
Selected Oilfield Service
Companies, 2008-2012
Company Profiles

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