| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 3.50 % |
| 乐鱼体育官网 Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Shale 乐鱼体育官网 Analysis
The United States Shale Business 乐鱼体育官网 is expected to register a CAGR of greater than 3.5% during the forecast period.
- Because of its increased production, the shale gas sub-segment is expected to dominate the 乐鱼体育官网 during the forecast period 2022-2027.
- New developments in shale gas production technology, like the advancements in horizontal drilling technology, are expected to make shale gas reservoirs more viable. This may provide an opportunity for 乐鱼体育官网 players.
- Increasing deepwater activities are expected to drive the 乐鱼体育官网 during the forecast period.
US Shale 乐鱼体育官网 Trends
Shale Gas to Dominate the 乐鱼体育官网
- Shale gas is generally produced by hydrofracturing the reservoir to increase the permeability so the gas can easily flow and be produced. Shale gas is usually 95% pure methane. It has significantly less amount of impurities, like sulfur, due to which the processing cost of shale gas decreases than the natural gas processing cost.
- The United States has planned to decrease its carbon signature by using cleaner fuels, such as shale gas, from which the carbon emissions are significantly less.
- As of 2021, the United States was the world's largest producer of dry natural gas, producing 20% of the world's total supply, 40% of which is derived from shale. The country boasts three major shale plays that account for over 70% of total production.
- The shale gas production in the United States increased from 25,556 billion cubic feet (bcf) in 2019 to 26,139 bcf in 2020. Shale gas production may increase further due to new wells being drilled across the country.
- Also, an estimation by the Energy Information Agency (EIA) shows that the US dry shale gas production in 2020 was about 850 billion cm. The current scenario of the region would demand more natural gas supply for power generation, which may attract investment in the exploration and production of shale gas.
- In 2022, ExxonMobil Corporation and Chevron announced a plan to increase oil drilling to boost the exploration and production activities in the Permian Basin of the United States. The Permian Basin is a shale reservoir producing the highest amount of shale gas in the country.
- Therefore, owing to the above points, shale gas is likely to dominate the US shale 乐鱼体育官网 during the forecast period.
Understand The Key Trends Shaping This 乐鱼体育官网
Download PDF
Increasing Deep Water Activities Expected to Drive the 乐鱼体育官网
- Deepwater activities in the US Gulf of Mexico are likely to drive the 乐鱼体育官网 during the forecast period. Many companies after 2014 decreased their investments in the offshore 乐鱼体育官网. Still, due to the decrease in the cost of drilling rigs and less investment return period than onshore, offshore activities again gained their pace. Due to this, Deep-water activity is expected to see significant growth in the United States shale 乐鱼体育官网 during the forecast period.
- The Gulf of Mexico accounts for 15-16% of US crude oil production. In 2020, crude oil production in the Gulf of Mexico averaged 1.65 million (Barrels/Day) b/d. The US Energy Information Administration forecasted that production would reach 1.71 million b/d in 2021 and 1.75 million b/d in 2022, which will drive the 乐鱼体育官网 for sale in the United States.
- The oil rig count in the United States increased to an average of 619 units in 2022, up from 475 units in 2021. An increase in the number of rigs will increase the exploration activities in deepwater.
- In July 2021, a final investment decision (FID) for the Whale development in the US Gulf of Mexico was completed. The whale development is owned by Shell Offshore Inc. (60% operator) and Chevron USA Inc. (40%), is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day (boe/d) and currently has an estimated recoverable resource volume of 490 million boe.
- In February 2022, W&T Offshore increased its US Gulf of Mexico footprint following the acquisition of producing shallow-water assets in the area.
- Moreover, in 2021, British Petroleum's 140,000 b/d Mad Dog 2 project and its 50,000 boe/d Thunder Horse South Phase 2 project were commenced, which would boost production in the United States.
- Hence, the increasing deepwater activities are expected to drive the US shale 乐鱼体育官网 during the forecast period.
Get Analysis on Important Geographic 乐鱼体育官网s
Download PDF
US Shale Industry Overview
The US shale 乐鱼体育官网 is moderately fragmented. Some of the key players in this 乐鱼体育官网 include Exxon Mobil Corporation, Baker Hughes Company, Shell PLC, ConocoPhillips Company, and Chevron Corporation.
US Shale 乐鱼体育官网 Leaders
-
Exxon Mobil Corporation
-
Baker Hughes Company
-
Shell PLC
-
Chevron Corporation
-
ConocoPhillips Company
- *Disclaimer: Major Players sorted in no particular order
Need More Details on 乐鱼体育官网 Players and Competiters?
Download PDF
US Shale 乐鱼体育官网 News
- In January 2022, Oil India Ltd (OIL) exited from a US shale oil venture, selling its 20% stake to its venture partner for USD 25 million. The company had divested its entire stake in Niobrara shale asset, US.
- In September 2021, Shell PLC sold its Permian Basin assets to ConocoPhillips for USD 9.5 billion in cash. The company announced the sale as an attempt to major shift its focus to the clean energy transition.
US Shale Industry Segmentation
The US shale 乐鱼体育官网 report includes:
| Type | Shale Gas |
| Shale Oil |
Need A Different Region or Segment?
Customize Now
US Shale 乐鱼体育官网 Research FAQs
What is the current United States Shale 乐鱼体育官网 size?
The United States Shale 乐鱼体育官网 is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)
Who are the key players in United States Shale 乐鱼体育官网?
Exxon Mobil Corporation, Baker Hughes Company, Shell PLC, Chevron Corporation and ConocoPhillips Company are the major companies operating in the United States Shale 乐鱼体育官网.
What years does this United States Shale 乐鱼体育官网 cover?
The report covers the United States Shale 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Shale 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
U.S. Shale Industry Report
Statistics for the 2025 United States Shale Business Overview 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. United States Shale Business Overview analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
