DUBLIN, Oct. 23, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Shale Oil Market in the US 2014-2018" report to their offering.
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Shale oil is an unconventional type of oil produced from oil shale formations. It is also known as kerogen oil or oil shale oil . The extraction of shale oil is an industrial process that is generally undertaken above ground by mining in oil shale field and then the output is treated in a facility to obtain the desired product. Heating or fracturing is also used to extract shale oil when the source shale field is beneath the earth's crust.
The analysts forecast the Shale Oil market in the US will grow at a CAGR of 13.3 percent over the period 2013-2018.
The Shale Oil market in the US can be divided into four segments based on end-user into the Transportation sector, Industrial sector, Power Generation sector, and Others.
The report, the Shale Oil Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the key states for shale oil production in the US, namely, Texas, North Dakota, and Kansas; it also covers the Shale Oil market in the US landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Tremendous advances in technology have led to an increase in the extraction of shale oil from oil reserves in the US. These advances include unlocking the potential of unconventional oil, managing produced water, development and determination of oil, well log interpretation, and development of well simulation models. Vendors are increasing their R&D investment to reduce the time and cost of horizontal drilling. Advanced technology has increased the yield of shale oil, and reduced risks involved significantly
According to the report, the growth of the Shale Oil market in the US is driven by several factors. One of the main drivers is the depletion of conventional oil reserves in the country. Because of the depletion of oil reserves, focus has shifted to unconventional oil resources, such as shale oil, to reduce dependency on conventional oil resources.
Further, the report states that one of the major challenges is the capital-intensive nature of shale oil projects. Shale oil extraction requires technical expertise and use of advanced technologies. This increases the overall cost of these projects. Increasing environmental concerns also pose a challenge to market growth.
The report also includes a discussion of the other vendors operating in this market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by End-users
08. Geographical Segmentation
09. Key Leading States
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
Companies Mentioned:
- American Shale Oil
- Chevron Corp.
- ConocoPhillips Co.
- ContinentalResources Inc.
- Devon Energy Corp.
- EOG Resources Inc.
- ExxonMobil Corp.
- Hess Corp.
- Marathon Oil Corp.
- Murphy Oil Corp.
- Noble Energy Inc.
- SM Energy Co.
- Shale Technologies LLC
- Viru Keemia Group
- Whiting Petroleum Corp.
For more information visit http://www.researchandmarkets.com/research/wqnk8f/shale_oil_market
Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net
