Hydraulic Fracturing Services in the US - Industry Market Research Report

Hydraulic Fracturing Services in the US - Industry Market Research Report

Hydraulic Fracturing Services in the US

Hydraulic fracturing, commonly known as fracking, is a specialized technique to extract crude oil and natural gas from otherwise inaccessible shale formations. Combined with horizontal drilling, hydraulic fracturing has rapidly grown US petroleum and natural gas production. The Oil Drilling and Gas Extraction industry (IBISWorld report 21111) invested substantial capital in contracting the Hydraulic Fracturing Services industry to stimulate oil and gas well production.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.