DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/q2rv6w/shale_gas_market) has announced the addition of the "Shale Gas Market in the US 2014-2018" report to their offering.
The Shale Gas market in the US will grow at a CAGR of 5.3 percent over the period 2013-2018.
One of the main drivers in this market is the increased natural gas consumption in the country. The US government has shifted its focus toward shale gas extraction to reduce its dependency on conventional gas resources. This in turn is expected to propel the growth of the market during the forecast period.
Over the years, there has been a tremendous increase in the technological advancements that have led to an increase in the extraction of shale gas from reservoirs in the US. The technological advancements include unlocking the potential of unconventional gas, managing produced water, the development and determination of gas, well log interpretation, and the development of well simulation models. Also, the market vendors are increasing their investment in R&D, which in turn is reducing the time and cost for horizontal drilling. Moreover, the overall volume of production has increased and the cost and risk have reduced significantly because of the rapid technological advancements in the industry. Therefore, the rapid technological advancements are one of the key trends that are expected to propel the growth of the Shale Gas market in the US during the forecast period.
Further, the report states that one of the major challenges confronting the market is the capital-intensive nature of shale gas projects. The extraction of shale gas requires strong technical expertise and usage of advanced technologies. This in turn increases the overall cost of these projects.
Key Vendors
- Anadarko Petroleum Corp.
- BHP Billiton Ltd.
- Chesapeake Energy Corp.
- Devon Energy Corp.
- Range Resources Corp.
- Royal Dutch Shell plc
- SM Energy Co.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading States
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
Other Prominent Vendors
- Antero Resources Corp.
- Cabot Oil and Gas Corp.
- CONSOL Energy Inc.
- Encana Corp.
- EOG Resources Inc.
- EQT Corp.
- ExxonMobil Corp.
- Pioneer Natural Resources Co.
- Reliance Industries Ltd.
- Southwestern Energy Co.
- Statoil ASA
- Talisman Energy Inc.
- Total S.A.
For more information visit http://www.researchandmarkets.com/research/q2rv6w/shale_gas_market
