1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Oil and Gas Market Trends

Strategic View of the North American Conventional vs. Unconventional Oil and Gas Market

  • September 2014
  • 52 pages
  • Frost & Sullivan
Report ID: 2361186

Summary

Table of Contents

The Need for Cost-effective Solutions Creates Opportunities for a Competitive Business Model

North America is a large consumer of oil and gas. Historically, the United States heavily depended on foreign oil. The landscape is gradually changing, however, providing the United States more self-sufficiency via its vast available resources in coal-bed methane and shale gas formations. This market insight covers the current state and potential of the conventional and unconventional oil and gas resources in the region. It presents the trends governing the industry and their impact on the forecast period. The base year is 2013, and the forecast period is from 2014 to 2018.

Key Findings
-The North American oil and gas market is being shaped by new legislation, recent shale discoveries, and advances in exploration and production (E&P) technologies.
-A growing gross domestic product (GDP) and improved economic conditions in the United States will raise energy consumption during the next years.
-The U.S. goal of energy independence and the concern for unmet energy demand are the leading drivers behind strengthening interests in unconventional resources, including tight gas, shale gas, and coal-bed methane production.
-A possible trend is the future retirement of existing coal and nuclear plants. This is likely to foster growth for both natural gas and renewables in the fuel mix for domestic consumption.
-The industrial sector is expected to be the main energy consumer, accounting for almost % of the growth projected to 2018.
-Residential and commercial sectors, in contrast, are expected to show the weakest growth, which is heavily weighted to electricity.
-Gas accounts for most of the non-electricity energy usage.
-Transportation accounts for % of the projected growth to 2018.
-The only way to offset high fuel prices in the transportation sector is through increased efficiency.
-Crude oil spot prices are expected to increase by almost % in the next years, compared with a % growth of the Henry Hub Natural Gas Spot Price in the same period.
-Outside the transportation sector, high relative prices of oil have led to increased substitution with cheaper alternatives.
-Oil demand in the residential and commercial sectors has also declined substantially.
-The decline in oil demand is expected to be gradual as there are limits to substitution in petrochemicals and non-energy-related uses.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Oil and Gas Pipelines Industry Outlook to 2021: Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines

  • $ 8000
  • Industry report
  • April 2017
  • by GlobalData

Global Oil and Gas Pipelines Industry Outlook to 2021: Capacity and Capital Expenditure Forecasts with Details of All Operating and Planned Pipelines Summary "Global Oil and Gas Pipelines Industry Outlook ...

Analysis of Key Sectors of Malaysia: Agriculture, Manufacturing, Financial Services, Oil and Gas, ICT, Aviation, Wholesale and Retail, Tourism and Healthcare Along With Production and Consumption Data (2017 - 2022)

  • $ 6000
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

Malaysia is one of the few developing countries in the Asia pacific region which has used its abundant natural resources to grow sustainably. From being a major exporter of raw materials the country has ...

Analysis of Key Sectors of Angola: Agriculture, Dairy, Meat, Oil and Gas, Manufacturing and Mining Along With Production and Consumption Data (2017 - 2022)

  • $ 6000
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices. However, the worldwide slump in oil prices has affected ...


ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.