Expenditure on Chemicals Used for Unconventional Oil & Gas Development (fracturing Fluid Additives) Will Total $6,168.7m in 2014, According to a New Study on ASDReport

Wednesday 6 August 2014, Amsterdam

The new report now available on ASDReports, forecasts that expenditure on chemicals used for unconventional oil and gas development (including fracturing fluid additives) will be $6,168.7m in 2014.  Going forward the market experiences further boosts from the international development of shale and tight hydrocarbon resources, with Argentina, China and Russia the most prospective market opportunities.

Chemicals used in the development of unconventional oil and gas resources are an essential element of ensuring the adequate preparation, fracturing, completion and integrity of an unconventional well.  Pumped into the wellbore at different times during the drilling and completion process, the chemicals have a variety of purposes, from initiating cracks, to distributing proppant and protecting tubulars and equipment used.  The market for these chemicals is demand-side driven, with the development of the shale oil and gas industry of North America the primary driver.  Supply-side constraints and price sensitivity are uncommon, with the 2012 spike in guar gum prices the exception.

Shale gas, shale oil, tight gas and coalbed methane all undergo hydraulic fracturing which requires chemicals for preparation, stimulation and clean-up.  The demand from these unconventional developments drives this market.

The lead analyst for the report commented that ‘the extraction of hydrocarbons from unconventional formations requires a suite of chemicals. The shale oil and gas booms in North America, enabled by new extraction techniques and maintained by a consistently high oil price, is now taking off internationally.  This new demand, as well as the continued investment in North American formations, will continue to drive chemical usage up over the coming decade.’

The 227 page report Chemicals for Unconventional Oil & Gas Development Market Forecast 2014-2024: Fracturing Fluid Additives for Shale Gas, Shale (Tight) Oil, Tight Gas & CBM provides 127 table, charts and graphs.. As well as forecasts of expenditure by chemical (additive) type/grouping and by region/nation, a companies chapter profiles the 10 main suppliers of the chemicals and additives used during the process of developing hydrocarbons from unconventional oil and gas formations. Last of all, the report includes an interview with the Director of Technology at a leading supplier of chemical solutions, which provides expert insight.

Our report on chemicals for unconventional oil and gas development (fracturing fluid additives) will be of value to current and potential future stakeholders and/or investors in the increasingly important shale gas, shale (tight) oil, tight gas and coalbed methane E&P.  Most of all, it will benefit companies and research centres that wish to broaden their knowledge and understanding of what factors and variables are of the most importance for determining expenditure on this indispensible part of the unconventional oil and gas development picture.