Albany, NY -- (SBWIRE) -- 04/09/2014 -- The shale gas market is playing a significant role in the global natural gas industry as countries around the world are continuing to seek lower carbon fuels, ensuring energy security and financial development. Demand for shale gas is expected to increase in the coming future, accounting for about 24% of the global energy supplies in 2020. While the global demand for gas is increasing, there is a significant decrease in the supplies from conventional sources. This is driving the gas industry towards the use of unconventional gas sources, mainly shale.
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The convergence of the increasing demand and technological breakthroughs is encouraging investors to make attractive investments in the shale gas industry. Improvements in shale gas technologies like directional drilling and hydraulic fracturing have enabled access to some largest and embryonic gas resources in the world. Shale gas technologies are largely adopted in developed economies like North America, resulting in the remarkable increase in the production of shale gas. Current production of shale gas in America is 9 billion cubic feet per day and it is projected to grow rapidly. The success of shale gas production in America is encouraging the exploration of new regions for shale gas resources.
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This research report analyzes the shale gas industry depending on its market segments and major geographies. The regions analyzed under this research study are:
Rest of the World
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Some of the key players in this market are Baker Hughes Incorporated, BP Plc, Canyon Services Group Incorporated, Chesapeake Energy Corporation, Devon Energy Corporation, ExxonMobil/ XTO Energy Incorporated, Halliburton Company, Quicksilver Resources Incorporated, San Leon Energy Plc, Schlumberger Ltd., Southwestern Energy Company, Talisman Energy Incorporated, Ultra Petroleum Corporation, and others.
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