Report

Hydraulic Fracking Market: Development, Opportunities and Market Outlook (2016-26)

Continual progression and towering development in the field of technology has been the backbone of contemporary industrialization. Constant advancements help overcome the previously set limits, thus redefining the older standards. Besides, incurring newer technologies and researches in oil and gas industry is absolutely essential to make the industry more efficient and productive. One such revolutionary technology to be imbedded in the oil and gas industry is hydraulic fracking.

Hydraulic fracking(or Fracturing) is a type of well stimulation process. In it, fractures (type of secondary permeability) are generated by the action of pressurized fluids. The process primarily involves injection of fracking fluid (mixture of water, sand and chemical additives) under high pressures into the wellbore. This leads to development of cracks in deep-rock formations which significantly increases the permeability of the formation, thereby, easing the flow of hydrocarbons. On removal of hydraulic pressure, proppants(sand or oxides of aluminum) hold the fractures open.

The primary applications of hydraulic fracking are as follows:

  • Increase the flow rate of oil and/or gas from low-permeability reservoirs
  • Increase the flow rate of oil and/or gas from wells that have been damaged
  • Connect the natural fractures and/or cleats in a formation to the wellbore
  • Decrease the pressure drop around the well to minimize sand production
  • Enhance gravel-packing sand placement
  • Increase the area of drainage or the amount of formation in contact with the wellbore etc.

The growing exploration and production of unconventional shale reserves and reservoirs marks a substantial growth inHydraulic Fracking Market. Hydraulic Fracking Markethad an estimated worth of 22.12 billion dollars in 2016, and is growing at a steady rate of XX% every year. Our extensive and in-depth analysis concludes that the market is booming and suggests that it will eventually reach an approximated net worth of xx billion dollars by 2026.

Technology and service overview:

The primary principle of fracking is to pump fluids at a pressure high enough that the formation cannot absorb the fluids without breaking apart(fracturing). In case of formations where the fractures are naturally present, multiple fractures form and give rise to a tree like structure branched away from the injection point.

The success or failure of a fracking job depends upon the nature of the chosen well. The well is selected on the basis of:

  • Formation permeability
  • The in-situ stress distribution
  • Reservoir fluid viscosity
  • Skin factor
  • Reservoir pressure
  • Reservoir depth
  • The condition of the wellbore

Usually the well which is ideal for hydraulic fracking job has:

  • A thick pay zone
  • Medium to high pressure
  • In-situ stress barriers to minimize vertical height growth
  • Either a low-permeability zone or a zone that has been damaged (high skin factor)

The properties and characteristics of fracking primarily depend upon the nature of propellants and additives added into the fracking fluid.

A thorough and comprehensive analysis of fracking process, technology and fracking fluid additives is provided in the report.

The primary drivers of market is the growing exploitation and production of unconventional reservoirs ( Eg. shale reservoirs in USA) and moderate to high oil prices,as it allows implementation of costlier technologies. Furthermore, depleting conventional reservoirs, growing energy consumption etc. also contributes in driving the market of hydraulic fracking. However, environmental pollution, requirement of huge amounts of fresh water, requirement of niche technical expertise etc. may restrict the growth of the market. In addition, advancements in technology to make it more eco-friendly and the growing need of exploitation of unconventional reserves strongly suggest tremendous growth of the hydraulic frackingmarket in coming years.

Comprehensive competitive analysis and profiles of major market players such as Baker Hughes, Schlumberger, Halliburton, Weatherford, Calfrac Well Services, Cudd Energy and FTS International etc. is also provided in this report.

Kindly fill the details below to get the Table of Contents

By Location

  • Onshore
  • Offshore

By Application

  • Shale Gas/Oil
  • Tight Gas/Oil
  • CBM
  • Others

By Technology

  • Plug & Perf
  • Sliding Sleeve
  • Others

By Fracking Material

  • Proppant
  • Chemical additives
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

  • Market overview and forecasting covering Optimistic, Realistic and Pessimistic scenarios (2016-2026)
  • Analysis and study of various services provided by major players active in the Hydraulic fracking market
  • Market segmentation based on Location, Application, Technology, Fracking material & Geography
  • Detailed coverage of technology and services involved
  • Technical comparative studies and case analysis
  • Competitive landscape with in depth analysis of the market players’ strategy
  • Infraline’s Techno Managerial edge covering SWOT, TOWS, Porter’s five forces and PESTLE analysis

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