The top 10 frack sand suppliers claim 55% of total business, while more than 40 companies make up the remaining percentage.
A major IOC is set to use CO2 and proppant in a first of its kind test well in the Bakken Shale.
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.
The short life span of these wells, long thought to be perhaps the single biggest weakness of the shale industry, is being stretched out, Bloomberg said.
Companies are focusing on enhanced completions among other techniques and technology to boost production in the Marcellus and Utica shale plays, but cluster efficiency remains an area of concern.
Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.
Effective completions, flawless execution and multi-lateral wells are emerging techniques for cost-conscious operators looking to improve results.
Numerical and statistical analyses of shale plays turn up some interesting results.
Refracking makes up a small percentage of the total hydraulic fracturing market, but that could change in future years.
Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.
According to a new IHS report, more than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels of oil.
Service providers expect demand to stabilize mid-year.