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Shale Gas & Tight Oil: Products & Services

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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. – PowerPoint PPT presentation

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Title: Shale Gas & Tight Oil: Products & Services


1
Shale Gas Tight Oil Products Services
One-Stop Shop for Business Information
2
Summary
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.
3
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.
4
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.
5
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.
6
Table of Contents
  1. INTRODUCTION
  2. EXECUTIVE SUMMARY
  3. MARKET ENVIRONMENT
  4. OVERVIEW
  5. PRODUCTS
  6. SERVICES
  7. REGIONS PLAYS
  8. INDUSTRY STRUCTURE

7
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8
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    eports-205101/shale-gas-tight-oil-products-service
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