The Hydraulic Fracturing Services industry grew early in the five-year period, when high oil and gas prices stimulated demand for well stimulation services. However, with hydraulically fractured wells no longer profitable, industry demand has tumbled drastically in recent years. In the coming years, US crude oil and natural gas prices are anticipated to steadily grow. The planned Keystone XL pipeline, as well as other pipeline infrastructure projects, will bolster oil and gas export capacity, boosting revenue.
This industry provides hydraulic fracturing services for oil and natural gas extraction companies. Wells that have been hydraulically fractured are able to access otherwise largely inaccessible tight oil, shale gas and tight gas.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.