Shale Gas & Tight Oil: Products & Services

As Quoted In Upstream Pumping Solutions

Growth in tight oil applications will continue to be strong, supported by high oil prices, the development of newer liquids-rich plays, and an boost in dry gas plays as natural gas prices rise.

US demand to rise 3.5% annually through 2017

Demand for products and services related to the development of shale gas and tight oil resources in the US is forecast to rise 3.5 percent annually to $97.9 billion in 2017. Growth in tight oil applications will continue to be strong, supported by high oil prices and the development of newer liquids-rich plays. In addition, the outlook for dry gas plays is expected to improve as natural gas prices increase, especially after 2017. Overall, the focus of activity will shift toward maximizing output from maturing plays (e.g., Bakken and Marcellus), although drilling and completions will continue to be supported by growth in newer formations such as Eagle Ford, Niobrara, and Utica. Other emerging plays like the Tuscaloosa and Wolfcamp will provide strong upward momentum, and in the longer term there is still significant potential in more challenging plays such as the Monterey.

Growth for all products will be favorable

Due to sustained high levels of activity, growth for all products will be favorable. The fastest gains are expected for products that help in optimization efforts or are used in maximizing the performance of existing wells. In addition, operators continue to focus on improving their environmental image, which will spur growth in products like closed loop drilling systems and water-based drilling muds. Products such as guar gum gelling agents and services like pressure pumping that saw price spikes due to availability shortages will register slow (or no) growth in market value as competition increases and prices return to more sustainable levels.

Permian basin to remain largest play, Eagle Ford to grow the fastest

In 2012, the Permian Basin was the largest market for shale products and services. Through 2017, the Permian Basin will remain the largest play, although sales in the Eagle Ford Shale are expected to advance at the fastest pace of any of the major plays during that time. In the short term, sales will continue to be the weakest in the Barnett and Fayetteville shales, which are mature and more dependent on gas prices for growth. However, in the longer term natural gas prices are expected to rise to the point where growth in shale gas activty accelerates in most gas dominant plays. Nevertheless, moving forward, the greatest opportunity for sales gains will be in developing plays like the Wolfcamp, Niobrara, and Utica, which are all forecast to experience considerable activity as operators become more familiar with their geologies and begin commercial production.

Study coverage

This study analyzes the $82.2 billion US shale gas and tight oil product and service industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 by product (e.g., drilling equipment and parts, drilling fluids, proppants, chemicals and gases, cementing products, completion and workover fluids, production chemicals), service (e.g., pressure pumping, drilling), US region and play (e.g., Permian Basin, Bakken, Eagle Ford, Marcellus).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 47 industry players, including Halliburton, Schlumberger and Baker Hughes.

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  1. Shale Gas & Tight Oil: Products & Services

    $5,200.00

    1. 1 INTRODUCTION

      $323.00

    2. 2 EXECUTIVE SUMMARY

      $323.00

      1. Table | SHALE PRODUCTS & SERVICES DEMAND

    3. 3 MARKET ENVIRONMENT

      $1,533.00

      1. 3.1 Macroeconomic Environment

        $323.00

        1. Table | MACROECONOMIC INDICATORS

      2. 3.2 Demographic Overview

        $323.00

        1. Table | POPULATION & HOUSEHOLDS

      3. 3.3 US Petroleum & Natural Gas Overview

        $880.00

        1. Table | PETROLEUM & NATURAL GAS SUPPLY & DEMAND

        2. 3.3.1 Petroleum Market

          $385.00

          1. Table | PETROLEUM SUPPLY & DEMAND

          2. CHART II-1 US PETROLEUM IMPORTS BY SOURCE, 2012

          3. CHART II-2 PETROLEUM RESERVES, 2002-2012

          4. CHART II-3 CRUDE OIL RESERVES BY STATE, 2012

          5. Table | PETROLEUM PRODUCTION & PRODUCING WELLS

          6. Table | PETROLEUM DRILLING INDICATORS

          7. CHART II-4 PETROLEUM DRILLING INDICATORS, 2007-2012

          8. CHART II-5 PETROLEUM PRICES, 2002-2012

        3. 3.3.2 Natural Gas Market

          $350.00

          1. Table | NATURAL GAS SUPPLY & DEMAND

          2. CHART II-6 NATURAL GAS RESERVES, 2002-2012

          3. CHART II-7 NATURAL GAS RESERVES BY STATE, 2012

          4. Table | NATURAL GAS PRODUCTION & PRODUCING WELLS

          5. CHART II-8 NATURAL GAS PRODUCTION, 2002-2012

          6. Table | NATURAL GAS DRILLING INDICATORS

          7. CHART II-9 NATURAL GAS DRILLING INDICATORS, 2007-2012

          8. CHART II-10 NATURAL GAS WELLHEAD PRICES, 2002-2012

      4. 3.4 Environmental & Regulatory Considerations

        $323.00

      5. 3.5 International Activity

        $323.00

    4. 4 OVERVIEW

      $1,224.00

      1. 4.1 General

        $323.00

      2. 4.2 Technology Overview

        $561.00

        1. 4.2.1 Exploration

          $323.00

        2. 4.2.2 Drilling

          $323.00

        3. 4.2.3 Completion

          $323.00

        4. 4.2.4 Hydraulic Fracturing

          $323.00

      3. 4.3 Cost Comparison

        $323.00

      4. 4.4 Drilling & Completion Activity

        $323.00

        1. Table | TIGHT OIL & SHALE GAS DRILLING INDICATORS

        2. 4.4.1 Tight Oil

          $323.00

          1. Table | TIGHT OIL DRILLING INDICATORS

        3. 4.4.2 Shale Gas

          $323.00

          1. Table | SHALE GAS DRILLING INDICATORS

      5. 4.5 Production Outlook

        $323.00

        1. Table | TIGHT OIL & SHALE GAS PRODUCTION & PRODUCING WELLS

        2. 4.5.1 Tight Oil

          $323.00

          1. Table | TIGHT OIL PRODUCTION & PRODUCING WELLS

        3. 4.5.2 Shale Gas

          $323.00

          1. Table | SHALE GAS PRODUCTION & PRODUCING WELLS

      6. 4.6 Shale Products & Services Demand

        $323.00

        1. Table | SHALE PRODUCTS & SERVICES DEMAND

        2. CHART III-1 SHALE PRODUCTS & SERVICES DEMAND, 2007-2022

    5. 5 PRODUCTS

      $3,373.00

      1. 5.1 General

        $323.00

        1. Table | SHALE PRODUCTS DEMAND

      2. 5.2 Drilling Products

        $1,183.00

        1. Table | DRILLING PRODUCTS DEMAND BY TYPE & PLAY

        2. 5.2.1 Equipment & Parts

          $745.00

          1. Table | EQUIPMENT & PARTS DEMAND BY TYPE & PLAY

          2. CHART IV-1 EQUIPMENT & PARTS DEMAND BY TYPE, 2012

          3. Table | TUBULAR GOODS DEMAND BY TYPE

          4. Table | DOWNHOLE TOOL DEMAND BY TYPE

          5. Table | DRILL BITS & REAMERS DEMAND BY TYPE

          6. Table | OTHER EQUIPMENT & PARTS DEMAND

          7. CHART IV-2 DRILLING EQUIPMENT & PARTS MARKET SHARE, 2012

        3. 5.2.2 Drilling Fluids

          $355.00

          1. Table | DRILLING FLUID DEMAND BY TYPE & PLAY

          2. CHART IV-3 DRILLING FLUID DEMAND BY TYPE, 2012

          3. CHART IV-4 DRILLING FLUIDS MARKET SHARE, 2012

      3. 5.3 Stimulation Products

        $1,808.00

        1. Table | STIMULATION PRODUCTS DEMAND BY TYPE & PLAY

        2. 5.3.1 Proppants

          $691.00

          1. Table | PROPPANTS DEMAND BY TYPE & PLAY

          2. CHART IV-5 PROPPANT DEMAND BY TYPE, 2012

          3. Table | SAND PROPPANTS DEMAND

          4. Table | RAW SAND PROPPANTS DEMAND

          5. Table | COATED SAND PROPPANTS DEMAND

          6. Table | CERAMIC PROPPANTS DEMAND

          7. Table | OTHER PROPPANTS DEMAND

          8. CHART IV-6 PROPPANTS MARKET SHARE, 2012

        3. 5.3.2 Chemicals & Gases

          $1,019.00

          1. Table | CHEMICALS & GASES DEMAND BY TYPE & PLAY

          2. CHART IV-7 CHEMICALS & GASES DEMAND BY TYPE, 2012

          3. Table | GELLING AGENT DEMAND BY PLAY

          4. Table | BIOCIDES DEMAND BY PLAY

          5. Table | GASES DEMAND BY PLAY

          6. Table | ACIDS DEMAND BY PLAY

          7. Table | BREAKERS DEMAND BY PLAY

          8. Table | CROSSLINKING AGENT DEMAND BY PLAY

          9. Table | OTHER CHEMICALS DEMAND BY TYPE & PLAY

          10. CHART IV-8 CHEMICALS & GASES MARKET SHARE, 2012

      4. 5.4 Other Fluids & Materials

        $323.00

        1. Table | OTHER FLUIDS & MATERIALS DEMAND BY TYPE & PLAY

        2. CHART IV-9 OTHER FLUIDS & MATERIALS DEMAND BY TYPE, 2012

        3. 5.4.1 Cementing Products

          $323.00

        4. 5.4.2 Completion & Workover Fluids

          $323.00

        5. 5.4.3 Production Chemicals

          $323.00

    6. 6 SERVICES

      $695.00

      1. 6.1 General

        $323.00

        1. Table | SHALE SERVICES DEMAND

        2. CHART V-1 SHALE SERVICES DEMAND BY TYPE, 2012

      2. 6.2 Pressure Pumping Services

        $323.00

        1. Table | PRESSURE PUMPING SERVICES DEMAND BY TYPE

      3. 6.3 Drilling Services

        $323.00

        1. Table | DRILLING SERVICES DEMAND BY TYPE

        2. CHART V-2 DRILLING SERVICES DEMAND BY TYPE, 2012

      4. 6.4 Other Completion & Production Services

        $323.00

        1. Table | OTHER COMPLETION & PRODUCTION SERVICES DEMAND BY TYPE

      5. 6.5 Market Share

        $323.00

        1. CHART V-3 SERVICES MARKET SHARE, 2012

    7. 7 REGIONS & PLAYS

      $3,421.00

      1. 7.1 General

        $323.00

      2. 7.2 Shale Activity by Region

        $323.00

        1. 7.2.1 Tight Oil

          $323.00

          1. Table | TIGHT OIL ACTIVITY BY REGION

        2. 7.2.2 Shale Gas

          $323.00

          1. Table | SHALE GAS ACTIVITY BY REGION

      3. 7.3 Shale Activity by Play

        $621.00

        1. 7.3.1 Production

          $323.00

          1. Table | TIGHT OIL PRODUCTION BY PLAY

          2. Table | SHALE GAS PRODUCTION BY PLAY

        2. 7.3.2 Rigs & Wells

          $332.00

          1. Table | ACTIVE TIGHT OIL RIGS BY PLAY

          2. Table | TIGHT OIL WELLS DRILLED BY PLAY

          3. Table | TIGHT OIL WELLS COMPLETED BY PLAY

          4. Table | TIGHT OIL PRODUCING WELLS BY PLAY

          5. Table | ACTIVE SHALE GAS RIGS BY PLAY

          6. Table | SHALE GAS WELLS DRILLED BY PLAY

          7. Table | SHALE GAS WELLS COMPLETED BY PLAY

          8. Table | SHALE GAS PRODUCING WELLS BY PLAY

      4. 7.4 Shale Products & Services Demand by Region

        $495.00

        1. Table | SHALE PRODUCTS & SERVICES DEMAND BY REGION

        2. CHART VI-1 SHALE PRODUCTS & SERVICES DEMAND BY REGION, 2012

        3. 7.4.1 Southern Region

          $323.00

          1. Table | SOUTHERN REGION: SHALE PRODUCTS & SERVICES DEMAND

        4. 7.4.2 Midwestern Region

          $323.00

          1. Table | MIDWESTERN REGION: SHALE PRODUCTS & SERVICES DEMAND

        5. 7.4.3 Eastern Region

          $323.00

          1. Table | EASTERN REGION: SHALE PRODUCTS & SERVICES DEMAND

        6. 7.4.4 Western Region

          $323.00

          1. Table | WESTERN REGION: SHALE PRODUCTS & SERVICES DEMAND

      5. 7.5 Shale Products & Services by Play

        $2,028.00

        1. Table | SHALE PRODUCTS & SERVICES DEMAND BY PRINCIPAL PLAY

        2. CHART VI-2 SHALE PRODUCTS & SERVICES DEMAND BY PRINCIPAL PLAY, 2012

        3. 7.5.1 Permian Basin

          $323.00

          1. Table | PERMIAN BASIN: SHALE PRODUCTS & SERVICES DEMAND

        4. 7.5.2 Bakken

          $323.00

          1. Table | BAKKEN: SHALE PRODUCTS & SERVICES DEMAND

        5. 7.5.3 Eagle Ford

          $323.00

          1. Table | EAGLE FORD: SHALE PRODUCTS & SERVICES DEMAND

        6. 7.5.4 Marcellus

          $323.00

          1. Table | MARCELLUS: SHALE PRODUCTS & SERVICES DEMAND

        7. 7.5.5 Barnett

          $323.00

          1. Table | BARNETT: SHALE PRODUCTS & SERVICES DEMAND

        8. 7.5.6 Haynesville

          $323.00

          1. Table | HAYNESVILLE: SHALE PRODUCTS & SERVICES DEMAND

        9. 7.5.7 Woodford

          $323.00

          1. Table | WOODFORD: SHALE PRODUCTS & SERVICES DEMAND

        10. 7.5.8 Fayetteville

          $323.00

          1. Table | FAYETTEVILLE: SHALE PRODUCTS & SERVICES DEMAND

        11. 7.5.9 Other Plays

          $413.00

          1. Table | OTHER PLAYS: SHALE PRODUCTS & SERVICES DEMAND

    8. 8 INDUSTRY STRUCTURE

      $5,233.00

      1. 8.1 General

        $323.00

        1. Table | US SHALE PRODUCTS & SERVICES SALES BY COMPANY, 2012

      2. 8.2 Market Share

        $323.00

        1. CHART VII-1 SHALE PRODUCTS & SERVICES MARKET SHARE, 2012

      3. 8.3 Mergers & Acquisitions

        $323.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 8.4 Cooperative Agreements

        $323.00

        1. Table | SELECTED COOPERATIVE AGREEMENTS

      5. 8.5 Research & Development

        $323.00

        1. Table | RESEARCH & DEVELOPMENT EXPENDITURES: SELECTED OILFIELD SERVICE COMPANIES, 2008-2012

      6. 8.6 Marketing & Distribution

        $323.00

      7. 8.7 Company Profiles

        $5,233.00

        1. 8.7.1 Air Products and Chemicals Incorporated

          $323.00

        2. 8.7.2 Aker Solutions ASA

          $323.00

        3. 8.7.3 Aker Well Service AS

          $323.00

        4. 8.7.4 Akzo Nobel NV

          $323.00

        5. 8.7.5 Albemarle Corporation

          $323.00

        6. 8.7.6 Ashland Incorporated

          $323.00

        7. 8.7.7 Badger Mining Corporation

          $323.00

        8. 8.7.8 Baker Hughes Incorporated

          $323.00

        9. 8.7.9 BASF SE

          $323.00

        10. 8.7.10 Cameron International Corporation

          $323.00

        11. 8.7.11 CARBO Ceramics Incorporated

          $323.00

        12. 8.7.12 Chesapeake Energy Corporation

          $323.00

        13. 8.7.13 Chevron Phillips Chemical Company LLC

          $323.00

        14. 8.7.14 Clariant International Limited

          $323.00

        15. 8.7.15 Dow Chemical Company

          $323.00

        16. 8.7.16 DuPont (EI) de Nemours

          $323.00

        17. 8.7.17 Ecolab Incorporated

          $323.00

        18. 8.7.18 Ensign Energy Services Incorporated

          $323.00

        19. 8.7.19 Exxon Mobil Corporation

          $323.00

        20. 8.7.20 Fairmount Minerals Limited

          $323.00

        21. 8.7.21 FTS International Services LLC

          $323.00

        22. 8.7.22 Halliburton Company

          $340.00

        23. 8.7.23 Helmerich & Payne Incorporated

          $323.00

        24. 8.7.24 Key Energy Services Incorporated

          $323.00

        25. 8.7.25 Momentive Performance Materials Holdings LLC

          $323.00

        26. 8.7.26 Nabors Industries Limited

          $323.00

        27. 8.7.27 National Oilwell Varco Incorporated

          $323.00

        28. 8.7.28 Newpark Resources Incorporated

          $323.00

        29. 8.7.29 OAO TMK

          $323.00

        30. 8.7.30 Patterson-UTI Energy Incorporated

          $323.00

        31. 8.7.31 Pioneer Energy Services Corporation

          $323.00

        32. 8.7.32 Praxair Incorporated

          $323.00

        33. 8.7.33 Precision Drilling Corporation

          $323.00

        34. 8.7.34 Preferred Sands LLC

          $323.00

        35. 8.7.35 Saint-Gobain

          $323.00

        36. 8.7.36 Schlumberger Limited

          $526.00

        37. 8.7.37 Schoeller-Bleckmann Oilfield Equipment AG

          $323.00

        38. 8.7.38 SCR-Sibelco NV

          $323.00

        39. 8.7.39 Solvay SA

          $323.00

        40. 8.7.40 Superior Energy Services Incorporated

          $323.00

        41. 8.7.41 Tenaris SA

          $323.00

        42. 8.7.42 TETRA Technologies Incorporated

          $323.00

        43. 8.7.43 Trinidad Drilling Limited

          $323.00

        44. 8.7.44 United States Steel Corporation

          $323.00

        45. 8.7.45 US Silica Holdings Incorporated

          $323.00

        46. 8.7.46 Vallourec SA

          $323.00

        47. 8.7.47 Weatherford International Limited

          $323.00

      8. 8.8 Additional Companies Mentioned in Study

        $323.00

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