Demand for products and services used in US shale gas development will grow 12.5 percent annually through 2015, as activity continues to escalate in emerging shale plays. Drilling equipment and consumables, and fluids and materials will both grow at an equally fast pace. Gains for services will be led by pressure pumping, and completion and production.
This study analyzes the $29 billion US shale gas product and service industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by product (e.g., tubular goods, downhole tools, drill bits and reamers, stimulation products, drilling fluids), service (e.g., pressure pumping, drilling, completion and production), region and play (e.g., Haynesville, Marcellus).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 39 industry players, including Halliburton, Baker Hughes and Schlumberger.