Freedonia In The News
Article Title: Upstream Oil & Gas Market
Publication: Upstream Pumping Solutions, 8/7/2012
Freedonia Study: Well Stimulation Materials (2867)
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The demand in the U.S. for well stimulation materials is projected to increase more than 10 percent annually to nearly $12 billion in 2016. Growth will be sustained by continued advances in hydraulic fracturing technology designed to increase the productivity of both new and existing wells. Ongoing growth in horizontal drilling activity and development of shale resources will boost demand for proppants and the fluids used to deliver them into formation fractures.
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