united-states-shale-business-industry
Published

August 2016

United States Shale Business Overview - Resource Estimates, Opportunities, EUR and Well Spacing Details, Competitive Landscape, Key Company Information - Growth Trends and Forecasts (2015-2020)

Purchase Report
$3250
Single user license
$3500
Team license
$7850
Corporate license

The use of horizontal drilling along with hydraulic fracturing have expanded the ability of the producers to economically recover crude oil and natural gas from low-permeability geologic plays-particularly shale plays. Shale gas production did not occur on a large scale until Mitchell Energy and Development Corporation experimented during the 1980s and 1990s to make deep shale gas production a commercial reality in the Barnett Shale in North-Central Texas. Then the companies aggressively entered the play as the success is apparent, so that by 2005, Barnett shale was alone producing about 0.5 trillion cubic feet of shale gas per year. As producers gained confidence in the ability to produce natural gas profitably in the Barnett Shale, with confirmation provided by results from the Fayetteville Shale in Arkansas, they began pursuing other shale plays, including Haynesville, Marcellus, Woodford, Eagle Ford, and others.    

Although the shale gas development has been happening for the past three to four decades, it was not until the past 15 years that it has seen as a potential game changer  for the U.S. gas market. The proliferation of activity into new shale plays has increased dry shale gas production in the United States from 1.0 trillion cubic feet in 2006 to 4.8 trillion cubic feet, or 23 percent of total U.S. dry natural gas production, in 2010.

Oil production from shale plays, particularly Bakken in North Dakota and Montana has also grown up rapidly the recent years.   Although the shale gas development has been happening for the past three to four decades, it was not until the past 15 years that it has seen as a potential game changer for the U.S. gas market.The proliferation of activity into new shale plays has increased dry shale gas production in the United States from 1.0 trillion cubic feet in 2006 to 4.8 trillion cubic feet, or 23 percent of total U.S. dry natural gas production, in 2010.

 Oil production from shale plays, particularly Bakken in North Dakota and Montana has also grown up rapidly the recent years.   Nearly 80 per cent of the total 750 trillion cubic feet of technically recoverable shale gas resources are located in the Northeast, Gulf Coast, and Southwest regions. The largest shale gas plays are the Marcellus shale (410.3 trillion cubic feet), Haynesville shale (74.7 trillion cubic feet), and Barnett shale (43.4 trillion cubic feet).  

This report discusses about North American shale gas plays by giving the details of geological setting, resource estimate, reservoir properties, companies operating in that shale area, current activity, key company information and competitive landscape.

RELATED REPORTS

Confused about which report to get?

Download a full report to understand our capabilities
Purchase Report
$3250
Single user license
$3500
Team license
$7850
Corporate license
Our Clients Include View All

Looking to Customize Report?