DUBLIN--(BUSINESS WIRE)--The "U.S. Onshore Drilling Fluids Market Analysis By Product (WBF, OBF, SBF), By Additive, By Basin (Permian, Eagle Ford, Niobrara, Bakken, Utica, Marcellus), And Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The U.S. onshore drilling fluids market is expected to reach USD 1.22 billion by 2025
Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period.
OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.
Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.
Further key findings from the report suggest:
- The water-based segment of U.S. onshore drilling mudsindustry was valued over USD 530million in 2016on account of growing concern towards toxicity and biodegradation of oil-based fluids
- Weighting agents dominated the U.S. OBF additives demand and accounted for over 57% of the total revenue in 2016
- Surfactants, emulsifiers, & wetting agentsegment emerged as the fastest growing segment in synthetic mud additives market with a CAGR of 4.8% from 2017 to 2025
- Viscosifiers demand for the Permianwater-based drilling mud additives was valued over USD 7 million in 2016 and is anticipated to witness moderate growth over the next few years
- Eagle Forde merged as the largest onshore market in 2016, accounting for 38.3% of the total revenue share in 2016
- The WBF segment in Niobrara basinis projected to witness fastest growth over the forecast period and estimated to reach USD 43.8 million by 2025
- Key players such as Schlumberger, Halliburton, Baker Hughes, Hamilton Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and National Oilwell Varco dominated the U.S. market over the past few years
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. U.S. Onshore Drilling Fluids Industry Outlook
4. U.S. Onshore Drilling Fluids Market: Product Outlook
5. U.S. Onshore Drilling Fluids Market: Regional Outlook
6. Competitive Landscape
7. Company Profiles
- AMC Drilling Fluids & Products (Imdex Ltd.)
- Anchor Drilling Fluids USA, LLC
- Horizon Mud Company
- GEO Drilling Fluids, Inc.
- AES Drilling Fluids, LLC
- Medserv Plc
- Baker Hughes, Inc.
- Hamilton Technologies Limited
- Schlumberger Limited
- Halliburton, Inc.
- Newpark Resources, Inc.
- Weatherford International
- National Oilwell Varco (NOV)
- Francis Drilling Fluids Ltd. (FDF)
- Oleon Americas Inc. (Avril Groups)
- Unique Drilling Fluids, Inc.
- Q'Max Solutions, Inc.
- Baroid Industrial Drilling Products (IDP)
- SunWest Fluids LLC
McAda Drilling Fluids
For more information about this report visit https://www.researchandmarkets.com/research/nsthp3/u_s_onshore