Shale Boom: Gold Rush--Panning for Opportunities
NEW YORK, Oct. 14, 2014 /PRNewswire/ -- Transportation, Water Treatment, and Multiphase Pumping Segments Drive Short-term Growth
The United States is at the cusp of an energy revolution triggered by the shale gas boom and intensified by the tight oil boom. Increased production of tight oil in the US is attracting more investment. In turn, operators position based on focus, geography, land acquisitions, first oil, and compliance to regulations help progress towards increased optimization. This creates tremendous opportunities for motor and drive manufacturers to offer appropriate solutions needed to overcome the challenges of tight oil production. This study also includes key strategies concerning market direction and techniques that a solution provider will need in order to harness market potential.
Executive Summary
-Abundance of shale oil and gas reserves in both the United States and Canada has led to increased investments in exploration and production activities. It is estimated that the United States will be the top oil producer on shale by 2015.
-As shale oil production is rising rapidly, current midstream capacity needs to be boosted, which in turn will drive the adoption of Positive Displacement (PD) pumps.
-The North American shale oil market will be a test bed for PD pump technology to prove its potential applications and tap global opportunities in the future.
-A focus on ongoing projects in the transportation segment will ensure short-term success for PD pump manufacturers.
Shale Oil: The New American Oil Boom
-Shale oil is typically found within reservoirs with very low permeability. This oil will not flow to the wellbore without any external assistance and hence requires an unconventional approach.
-Chasing this liquid gold has put the American oil industry in the middle of a sustained and substantial growth phase.
-Rapidly rising output from onshore unconventional resources will drive US production possibly by% in 2020, as compared to 2010 levels.
-Besides, EIA estimates total shale oil resources in the United States to be around billion barrels, providing independence to United States in terms of energy.
-The United States being the largest oil consumption market in the world always has strong demand for oil, and the emerging technology to extract oil and gas from unconventional sources is supporting the demand at economical rates.
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