Hydraulic Fracturing Services
Combined with horizontal drilling, the Hydraulic Fracturing Services industry has been responsible for rapid growth in US petroleum and natural gas production over the five years to 2018. Earlier during the five-year period, the Oil Drilling and Gas Extraction industry (IBISWorld report 21111) invested substantial capital in contracting the Hydraulic Fracturing Services industry to stimulate oil and gas well production. The Hydraulic Fracturing Services industry is expected to return to strong growth over the five years to 2023. As prices of natural gas are projected to increase and as older wells become less productive, demand for new well development is expected to expand to boost oil and gas production.
This industry provides hydraulic fracturing services for oil and natural gas extraction companies. Wells that have been hydraulically fractured are able to access otherwise largely inaccessible tight oil, shale gas and tight gas.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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