Hydraulic fracturing capacity worldwide is expected to total 24.3 MMhhp by year-end 2013.

The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.

The company’s 2012 Oil Sands Report on its Canadian operations shows production increased by more than 60% and carbon dioxide intensity dropped by nearly 24%.

The presence of guar gum substitutes and expectations that North American market frac activity will level out within three years led to PacWest’s prediction that guar prices will stabilize at $3 or $4 per pound next year.

With the rig count slumping and less pressure-pumping services needed for oil/liquids plays, US demand for hydraulic fracturing services dropped 14% in 2012.