Ceramic Industry News / Advanced Ceramics

U.S. Demand for Shale Gas Products to Reach $52 Billion in 2015

September 23, 2011
/ Print / Reprints /
ShareMore
/ Text Size+
Demand for products and services used in shale gas development will grow to $52 billion in 2015 as industry activity continues to escalate in the emerging Marcellus, Haynesville and Fayetteville shale plays, according to a new study.

Demand for products and services used in shale gas development will grow to $52 billion in 2015 as industry activity continues to escalate in the emerging Marcellus, Haynesville and Fayetteville shale plays, according to “Shale Gas: Products & Services,” a new study from The Freedonia Group Inc. While shale gas drilling is expected to slow from the rapid buildup of the 2005-2010 period, the industry will reportedly bring more than 8000 new producing wells online through 2015. Increasing demand for drilling and completion products and services for new shale gas wells is expected to be accompanied by growing markets for workover, restimulation and well site reclamation services in those regions where production is maturing.

Demand for drilling equipment and consumables in the shale gas plays will reportedly grow to nearly $7 billion in 2015, led by strong increases 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 fluids and materials will match 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 reportedly be the dominant source of fluids and materials demand.

For more information, visit www.freedoniagroup.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

THE MAGAZINE

Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40