Market Analysis Report U.S. Hydraulic Fracturing Market

Your Catalyst to a Lucrative Business
U.S. Hydraulic Fracturing Market Share, Segmentation, Research
and Forecasts to 2025 | Hexa Research
“ The U.S. Forklift market size to reach USD 11.94 billion by 2025.”
02 November 2018
The U.S. hydraulic fracturing market to reach USD 13.91 billion by 2025, owing to the rise in the oil and gas
exploration and extraction activities in the country over the forecast period. There is a rise in the demand
for primary energy resources owing to the rise in population and industrialization. To meet these demands
and ensure the continuous supply of natural resources in the country, the market for unconventional
techniques such as hydraulic fracturing is expect to grow over the forecast period. This technology was first
employed in in the U.S.in 1947 and has been constantly upgraded since then. In 2015, around 67% of
natural gas was produced from hydraulically fractured wells in the country.
The U.S. hydraulic fracturing market is expected to grow significantly owing to the rise in the recent
developments and innovations such as using hydraulic fracturing in combination with horizontal drilling
during shale formations. This has revealed new sources for huge amount of natural gas supplies, which is
fulfilling the energy needs of the nation and is expected to transform the energ y future. The use of this
technology was first employed around the year 2000 after which it was continuously being used in the oil
and gas production and extraction processes.
There is a significant rise in the domestic oil and gas production from hydraul ically fractured oil and gas
production wells. In 2015, the production of oil from hydraulically fractured reservoirs accounted for more
than 50% of the total oil production and the gas production accounted for around 70% of the total gas
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