Market

Lee Steinbock, The Freedonia Group | Jun. 6, 2014
The demand for proppants in unconventional gas and tight oil activities is expected to increase more than 11 percent per year to $6.1 billion in 2017, with volume reaching 57.1 billion pounds. Volume...
Lee Steinbock, The Freedonia Group | Apr. 4, 2014
Demand for products and services related to producing shale gas and tight oil in the U.S. is forecast to rise 3.5 percent annually to $98 billion in 2017. While shale gas was the primary focus,...
Michael Richardson, The Freedonia Group | Feb. 2, 2014
World demand for well stimulation materials is projected to increase more than 12 percent per year to more than 65 million metric tons in 2017, valued at $23 billion. Hydraulic fracturing and...
The Freedonia Group, Inc. | Dec. 12, 2013
This article was updated with new information provided by The Freedonia Group on Aug. 21, 2014. Demand for oilfield chemicals in the U.S. is forecast to increase 2.1 percent annually through 2017 to...
The Freedonia Group, Inc. | Oct. 10, 2013
High oil prices and increasing demand for energy spur new development, especially in unconventional and offshore fields. With this development, world demand for oil and gas pipe is expected to...
The Freedonia Group, Inc. | Aug. 8, 2013
North American proppant demand has risen sharply during the past decade. While growth is expected to slow from the early years, double-digit annual gains are still expected, with overall demand...
Elliott Woo | Jun. 6, 2013
Gains in oilfield equipment demand will be fueled by a substantial increase in oil and gas production as the world economy rebounds from the general economic weakness triggered by the 2009 global...
Mike Richardson, The Freedonia Group, Inc. | Mar. 3, 2013
World demand for oilfield chemicals is expected to increase 8.9 percent per year to $28 billion in 2016 as high oil prices and increasing demand for energy spur new development. This growth is...
The Freedonia Group, Inc. | Feb. 2, 2013
Demand for oil and gas infrastructure equipment in the U.S. is forecast to rise 6.3 percent annually through 2016 to $12.1 billion. The increased demand will result from development within shale...
The Freedonia Group, Inc. | Nov. 11, 2012
Proppants are materials that are deposited in the fractures that are generated by hydraulic fracturing operations. Aside from the fractures themselves, proppants can be considered the most...
The Freedonia Group, Inc. | Aug. 8, 2012
The demand in the U.S. for well stimulation materials is projected to increase more than 10 percent annually to nearly $12 billion in 2016. Growth will be sustained by continued advances in...
Lori K. Ditoro | May. 5, 2012
During the Offshore Technology Conference (OTC) in Houston, April 30 to May 3, many new products were unveiled. Weir Oil & Gas launched five new products. I was happy to spend some time with...
Mike Richardson | Apr. 4, 2012
The demand in the U.S. for services related to shale gas development is predicted to reach nearly $38.7 billion in 2015. The main catalyst for this growth will be ongoing strength in well drilling...
Jordan, Knauff & Company | Feb. 2, 2012
Figure 1. U.S. Energy Consumption and Rig Counts in 2011 In 2011, the monthly average high of $109.53 per barrel in April followed the disruption in Libyan crude oil production. In contrast...
Chirag Rathi, Frost & Sullivan | Oct. 10, 2011
Third Quarter Crude Prices Volatility is a continuing trend for crude prices in 2011. The year started with an all-around positive outlook for the world economy. The crude prices inched...