NEW YORK, Nov. 3, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Shale Gas: Products & Services
http://www.reportlinker.com/p0609756/Shale-Gas-Products--Services.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Oil_and_Gas_energy
US shale gas development to reach $50 billion by 2015
Demand for products and services used in US shale gas development will grow to nearly $50 billion in 2015 as industry activity continues to escalate in the emerging Marcellus, Haynesville and Fayetteville shale plays. While shale gas drilling will slow from the rapid buildup of the 2005-2010 period, the industry will still bring more than 8,000 new producing wells online through 2015. Increasing demand for drilling and completion products and services for new shale gas wells will be accompanied by growing markets for workover, restimulation, and well site reclamation services in areas where production is maturing. Low natural gas prices since 2008 have narrowed the profit margin of shale gas investment. Shale gas producers are responding to this trend by seeking improvements in well economics, in many cases through the use of higher value products and services. Through the forecast period, shale gas producers will continue to embrace innovations such as multiple-well drilling pad systems and advanced hydraulic fracturing materials in order to improve drilling efficiencies and increase per-well gas output, thus bolstering profitability as gas prices remain below 2008 highs.
Tubular goods, drilling fluids and proppants to lead gains
Demand for drilling equipment and consumables in the shale gas plays will grow to more than $6.8 billion in 2015, led by nearly double-digit growth in tubular goods, the largest equipment category. Shale operators will continue to consume more tubular goods overall and on a per-well basis. Growth in demand for chemicals and materials will slightly outpace that seen for drilling equipment and consumables, reflecting the intensive material demands of the wells that will be drilled in the newer shale plays. Stimulation products, especially proppants, used in hydraulic fracturing will be the dominant source of chemicals and materials demand.
Robust growth in service revenues to continue
The market for services used by shale gas producers will reach more than $38 billion in 2015. Demand for services will continue to be dominated by contract drilling and pressure pumping, which together account for more than 60 percent of the total market. Service providers will continue to benefit from high levels of shale gas drilling activity as well as the increased scale and sophistication of wells in the emerging plays, despite these trends slowing from the 2005-2010 period. Other segments such as completion and production services and waste management and remediation services will be promoted by a range of factors. This will include increased workover and restimulation activity as well as new state and federal laws requiring additional environmental services at well sites.
Marcellus, Haynesville to generate most new demand
Regional variations in the shale gas market are strong due to geographical differences in recoverable reserves and the different stages of industry development in the major plays. The Southern Region dominated products and services demand in 2010 and will retain half of the total market through the forecast period, even as the Midwestern Region registers faster annual gains based on activity in the Marcellus, Woodford and a number of other emerging shale plays. Through 2020, the Marcellus Shale will be the fastest growing market for products and services of the major plays.
Study coverage
This new industry study, Shale Gas, presents historical US demand data (2005, 2010) plus forecasts for 2015 and 2020 by product, service and region. The study also considers key market environment factors, evaluates company market share and profiles more than 30 competitors in the US industry.
TABLE OF CONTENTS
INTRODUCTION viii
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
Macroeconomic Environment 4
Demographic Overview 8
Manufacturing Overview 12
US Petroleum & Natural Gas Overview 15
Electricity Generation 18
Natural Gas Market Overview 22
Exploration & Reserves 22
Natural Gas Supply & Demand 23
Production 25
Drilling 28
Pricing 29
Environmental & Regulatory Considerations 31
International Activity 34
III. SHALE GAS OVERVIEW 38
General 38
Technology Overview 40
Exploration 41
Drilling 42
Completion 44
Hydraulic Fracturing 46
Cost Comparison 48
Drilling Activity 50
Production Outlook 52
Shale Gas Products & Services Demand 53
IV. PRODUCTS 56
General 56
Drilling Equipment & Consumables 58
Tubular Goods 61
Downhole Tools 64
Drill Bits & Reamers 68
Other Drilling Equipment & Consumables 70
Market Share 72
Fluids & Materials 73
Stimulation Products 75
Proppants 76
Sand Proppants 78
Other Proppants 79
Chemicals & Gases 81
Friction Reducers 83
Biocides 85
Gelling Agents 86
Gases 87
Other Chemicals 89
Drilling Fluids 92
Other Fluids & Materials 95
Market Share 98
V. SERVICES 99
General 99
Pressure Pumping Services 101
Drilling Services 103
Completion & Production Services 107
Other Services 110
VI. REGIONS & PLAYS 113
General 113
Reserves 115
Shale Gas Activity by Region 117
Shale Gas Activity by Play 118
Production 118
Rigs & Wells Drilled 121
Shale Gas Products & Services Demand by Region 125
Southern Region 127
Eastern Region 129
Midwestern Region 131
Western Region 134
Shale Gas Products & Services by Play 136
Haynesville 138
Marcellus 141
Barnett 145
Fayetteville 149
Woodford 152
Antrim 156
Other Plays 159
VII. INDUSTRY STRUCTURE 164
General 164
Market Share 167
Mergers & Acquisitions 170
Research & Development 174
Company Profiles 176
Air Products and Chemicals Incorporated 177
Akzo Nobel NV 178
Albemarle Corporation 180
Anadarko Petroleum Corporation 181
Ashland Incorporated 183
Atlas Resin Proppants, see Badger Mining
Badger Mining Corporation 185
Baker Hughes Incorporated 187
BASF SE 192
BJ Services, see Baker Hughes
CARBO Ceramics Incorporated 194
Champion Technologies Incorporated 197
Chesapeake Energy Corporation 199
Chevron Phillips Chemical Company LP 202
Complete Production Services Incorporated 204
CorsiTech, see Champion Technologies
Devon Energy Corporation 206
Dow Chemical Company 207
Drilling Specialties, see Chevron Phillips Chemical
DuPont (EI) de Nemours 210
EQT Corporation 212
Exxon Mobil Corporation 214
Fairmount Minerals Limited 216
Frac Tech Services Incorporated 218
Halliburton Company 220
Helmerich & Payne Incorporated 224
M-I SWACO, see Schlumberger
MarkWest Energy Partners LP 226
Momentive Specialty Chemicals Incorporated 228
Nabors Industries Limited 230
National Oilwell Varco Incorporated 233
Newpark Resources Incorporated 236
OAO TMK 239
Patterson-UTI Energy Incorporated 241
Range Resources Corporation 243
Rhodia SA 244
Rohm and Haas, see Dow Chemical
Saint-Gobain 246
Santrol Proppants, see Fairmount Minerals
Schlumberger Limited 248
Schoeller-Bleckmann Oilfield Equipment AG 254
Smith International, see Schlumberger
Superior Well Services, see Nabors Industries
Tenaris SA 257
United States Steel Corporation 259
Universal Well Services, see Patterson-UTI Energy
US Silica Company 261
Vallourec SA 263
Weatherford International Limited 266
XTO Energy, see Exxon Mobil
Additional Companies Mentioned in Study 269
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Population & Households 12
3 Manufacturers' Shipments 15
4 Petroleum & Natural Gas Supply & Demand 18
5 Electricity Generation by Fuel Source & Plant Type 22
6 US Natural Gas Supply & Demand 25
7 Natural Gas Production by Source 27
8 Natural Gas Drilling Indicators 29
SECTION III -- SHALE GAS OVERVIEW
1 Shale Gas Drilling Indicators 51
2 Shale Gas Production & Producing Wells 53
3 Shale Gas Products & Services Demand 55
SECTION IV -- PRODUCTS
1 Shale Gas Products Demand 58
2 Drilling Equipment & Consumables Demand by Type & Play 60
3 Tubular Goods Demand by Type 64
4 Downhole Tool Demand by Type 67
5 Drill Bits & Reamers Demand by Type 70
6 Other Equipment & Consumables Demand 72
7 Fluids & Materials Demand by Type 74
8 Stimulation Products Demand by Type & Play 76
9 Proppants Demand by Type & Play 77
10 Sand Proppants Demand 79
11 Other Proppants Demand 81
12 Chemicals & Gases Demand by Type & Play 83
13 Friction Reducers Demand by Play 84
14 Biocides Demand by Play 85
15 Gelling Agent Demand by Play 87
16 Gases Demand by Play 89
17 Other Chemicals Demand by Type & Play 92
18 Drilling Fluid Demand by Type & Play 95
19 Other Fluids & Materials Demand by Type 97
SECTION V -- SERVICES
1 Shale Gas Services Demand 100
2 Pressure Pumping Services Demand by Type 102
3 Drilling Services Demand by Type 106
4 Completion & Production Services Demand by Type 110
5 Other Services Demand by Type 112
SECTION VI -- REGIONS & PLAYS
1 US Shale Gas Reserves by Principal Play, 2010 116
2 Shale Gas Activity by Region 118
3 Shale Gas Production by Play 121
4 Shale Gas Activity by Play 124
5 Shale Gas Products & Services Demand by Region 126
6 Southern Region: Shale Gas Products & Services Demand 129
7 Eastern Region: Shale Gas Products & Services Demand 131
8 Midwestern Region: Shale Gas Products & Services Demand 134
9 Western Region: Shale Gas Products & Services Demand 136
10 Shale Gas Products & Services Demand by Principal Play 138
11 Haynesville Play: Shale Gas Products & Services Demand 139
12 Marcellus Play: Shale Gas Products & Services Demand 143
13 Barnett Play: Shale Gas Products & Services Demand 147
14 Fayetteville Play: Shale Gas Products & Services Demand 150
15 Woodford Play: Shale Gas Products & Services Demand 154
16 Antrim Play: Shale Gas Products & Services Demand 157
17 Other Plays: Shale Gas Products & Services Demand 160
SECTION VII -- INDUSTRY STRUCTURE
1 US Shale Gas Product & Service Sales by Company, 2010 166
2 Selected Acquisitions & Divestitures 172
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Natural Gas Prices, 2000-2010 31
SECTION IV -- PRODUCTS
1 Drilling Equipment & Consumables Demand by Type, 2010 61
2 Fluids & Materials Demand by Type, 2010 75
SECTION V -- SERVICES
1 Shale Gas Services Demand, 2010 101
SECTION VI -- REGIONS & PLAYS
1 Shale Gas Products & Services Demand by Region, 2010 126
SECTION VII -- INDUSTRY STRUCTURE
1 Shale Gas Products & Services Market Share, 2010 170
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Nicolas Bombourg
Reportlinker
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