Hydraulic Fracturing


Hydraulic Fracturing

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This almost 150-page report covers the frac market and its supply chain, focusing on the North American basins which represent most of the global industry.

Clients subscribing to the Hydraulic Fracturing Market report will receive complete and revised frac market reports each quarter for one year.  In these years of massive change in the industry, Spears is committed to keeping clients up to date on commercial, technical and activity trends within the sector.

Global demand for hydraulic fracturing services rose 87% to $27.5 billion in 2017 in response to the recovery in North American drilling and the trend toward longer laterals per well and increased proppant consumption per foot, leaving frac service firms scrambling to add equipment and personnel to meet demand while also prompting them to push prices higher and order new equipment.  With rising oil prices driving further gains in exploration and development activity, the hydraulic fracturing services market is expected to continue to grow over the near term as lateral length and completion “intensity” continues to increase.

This year's report profiles almost 40 companies in the frac supply chain, along with service company interviews, investing activity, and regional frac/acid/water/proppant demand.  Again this year we have included frac price changes each quarter starting in Q1 2008 and a count of each frac company’s available hydraulic horsepower in North America:

New this year, the Spears team has estimated frac stages pumped for each US basin by quarter, projected through 2018.  Our analysis points to just 70,000 stages pumped in Q2 2016 after a peak of over 200,000 stages at the end of 2014.

And along with proppant demand by basin, we are now tracking proppant shipped by rail, which is pointing to a recovery to 2014 levels during 2017.

We have again partnered with Oilfield Logix and its data mining team to evaluate drilling and completion trends for tens of thousands of wells across the US.  This data mining exercise allows us to see, for example, the increasing use of proppants in many basins throughout the US as longer laterals are allowing more stages and more sand to be pumped.  For example, the report includes horizontal drilling by lateral length in the Midland Basin of the Permian Basin…where extended reach wells have become the predominant drilling technique since summer 2016.

The Hydraulic Fracturing Market report is available for immediate digital download upon purchase as a PowerPoint deck.  The data driving most charts and graphs is embedded in each report.