US Hydraulic Fracking Regulations Prevent Groundwater Contamination, Fracking Industry Boosts Global Demand for Silica Sand
FARMINGTON, Conn., Jan. 22, 2013 /PRNewswire-iReach/ -- Hydraulic fracturing, also known as fracking, has helped the US to unlock shale resources and other unconventional sources of oil and gas to increase domestic production. The Energy Information Administration (EIA) estimates natural gas reserves in the US to be about 2,552 trillion cubic feet (tcf), which is estimated to be sufficient to meet the country's current natural gas demand for about 110 years. Out of the total natural gas reserves in the US, gas shales account for about 827tcf.
In the global silica sand market, hydraulic fracturing (or fracking) is expected to represent by far the fastest growing market, spurred by a large increase in its use as a well stimulation technique, particularly in the US.
Global Information (GII) highlights two reports connected to the hydraulic fracking industry. The first report examines U.S. national regulations surrounding the hydraulic fracturing process. The second report provides market forecasts, which companies can use to benchmark both internal and industry-wide performance.
US Hydraulic Fracturing (Fracking) Regulations Handbook, 2012
For the prevention of groundwater contamination from the chemicals used in the hydraulic fracturing process, both the federal and state regulatory bodies have enacted laws. At the federal level, the laws enacted are the Safe Water Drinking Act and Clean Water Act. At the state level, the rules and regulations in place require the operators of the well to have proper casing and cementing of the hydraulically fractured well, in order to prevent leakage of the fracking fluid into ground-water. Rules have also been framed for the proper disposal of the flow-back water for operators carrying out hydraulic fracturing.
The scope of this report includes: hydraulic fracturing regulations in the US at the federal level and the acts enacted for environmental and public health protection; The regulatory bodies in Colorado, Texas, Pennsylvania, North Dakota, New York, Arkansas, Michigan, Ohio, Oklahoma, West Virginia and Alabama for hydraulic fracturing activities; and The rules and regulations framed at the state level in Colorado, Texas, Pennsylvania, North Dakota, New York, Arkansas, Michigan, Ohio, Oklahoma, West Virginia and Alabama for environmental and public health protection.
This report offers comprehensive information on hydraulic fracturing regulations applicable in the US both at the federal and state level. The report provides information on the regulatory bodies supervising hydraulic fracturing operations and laws and acts enacted for the regulation of fracking operations. The report also provides information related to the current state-level regulatory bodies and the policies framed for protecting the environment and public health from the potential impacts of fracking.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/gd259962-us-hydraulic-fracturing-fracking-regulations.html
World Industrial Silica Sand
Global demand for silica sand is forecast to climb 4.4 percent annually through 2016 to 278 million metric tons, valued at $8.5 billion. Demand for silica sand can be segmented into five major markets: glass, foundries, hydraulic fracturing, building products, and chemicals, as well as other smaller markets. Hydraulic fracturing (or fracking) is expected to represent by far the fastest growing market, spurred by a large increase in its use as a well stimulation technique, particularly in the US. In 2016, the glass and hydraulic fracturing markets will be equivalent in terms of market value, and they will account for the majority of the industrial sand market in dollar terms 27 percent share ($2.3 billion) of overall sales.
However, the international trade in silica sand is limited due to the high cost of transporting silica sand relative to its value. As a result, quarries and processing facilities are typically located near major centers of demand. However, foreign markets are important to producers in such countries as the US, Australia, Italy, and Germany, which were the four largest exporters of industrial sand in 2011.
The study also assesses silica sand market environment factors, examines industry structure, evaluates company market share and profiles global industry players. Historical data is presented for 2001, 2006, and 2011 along with supply and demand forecasts for 2016 and 2012.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fd253615-world-industrial-silica-sand.html
For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information, Inc.