Market Analysis Report U.S. Hydraulic Fracturing Market

Your Catalyst to a Lucrative Business production in the country. This combination technology of directional drilling and hydraulic fracturing allows the oil and gas reservoirs to be punctured directionally or horizontally alongside the foundation of targeted rocks, giving exposure to the rock formation bearing oil and gas in the production well, which is expected to drive the growth for this market over the forecast period. Browse Details of Report @ https://www.hexaresearch.com/research-report/us-hydraulic-fracturing-market The hydraulic fracturing segment dominated the market in 2017 and is expected to maintain its dominant position over the forecast period owing to the use of hydraulic fracturing and horizontal drilling activities in conventional and unconventional reservoirs. Oil & gas industry recently has been experiencing a decline in the production rates from the present conventional reservoirs. In order to meet the demand for energy resources the industry participants are focusing on the development of unconventional oil & gas reserves by using various technologies such as hydraulic fracturing and other methods. The use of hydraulic fracturing in the oil and gas extraction increases the yield of the resource from the well owing to which this widely used and is expected to grow over the forecast period. When hydraulic fracturing is used in combination with horizontal drilling, non-yielding wells and nonprofit rock formations are frequently rehabilitated into productive fields which yield a good amount of natural gas. The technology is majorly responsible for the growth and development of shale gas fields in the U.S. such as the Haynesville Shale, Barnett Shale, Marcellus Shale, and Fayetteville Shale gas fields. It has also been employed in yielding gas from tight rock units such as Niobrara Shale and Bakken Shale. The various process chemicals used during the employment of hydraulic fracturing technology is a huge cause of concern to the environmental activists in the natural gas industry. A regulatory environment is obligatory while commissioning these techniques where drilling occurs to ensure the environmental safety and protection of water supplies and people living in the zones. Hexa Research has segmented the U.S. hydraulic fracturing market report based on type and end-use: Segmentation by service type, 2015 - 2025 • Hydraulic fracturing • Other auxiliary services Segmentation by end-use, 2015 - 2025 • Oil & gas extraction • Others Follow Us:

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