The market could be impacted in the future depending on the success of production from shale oil plays worldwide.

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.

The unconventional oil and gas revolution has arrived with the US producing 11 MMb/d of oil.

The World Energy Outlook 2012 released by the International Energy Agency shows US shale oil success could put the country above the rest for oil production.

A polymer, which replaces guar in fracing fluid, has been utilized by Halliburton in Magnum Hunter’s wells in the Eagle Ford, resulting in higher flow back and improved production.

The move from fossil fuels to renewable energy has been delayed by the shale revolution since the commercial imperative in the marketplace was changed.