+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

North America Shale Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 5025369
  • Report
  • May 2020
  • Region: North America
  • 100 pages
  • Mordor Intelligence

FEATURED COMPANIES

  • BP plc
  • Chevron Corporation
  • ConocoPhillips
  • Equinor ASA
  • Exxon Mobil Corporation
  • Murphy Oil Corporation
  • MORE
The North America shale market is expected to grow at a CAGR of over 6% during the forecast period of 2020-2025. Factor such as using shale gas, which is a cleaner fuel than coal for energy generation is likely to drive the North America shale market. However, higher breakeven costs for the oil and gas produced from unconventional reservoirs is expected to have a negative impact on the North America shale market.
  • The shale gas segment because of its increasing production has dominated the market in 2018 and is likely to dominate the market during the forecast period.
  • Massive amounts of proven reserves of shale and its development in countries such as Canada and Mexico are likely to create an opportunity for the North America shale market.
  • The United States due to the production of 95% of shale gas and shale oil in North America held the major share in 2018 and is expected to dominate the market during the forecast period.
Key Market Trends

Shale Gas to Dominate the Market
  • Shale gas is generally produced by hydrofracturing the reservoir to increase the permeability so the gas can easily flow and produced. Shale gas is usually 95% pure methane and has very less amount of impurities like sulphur due to which the processing cost of the shale gas decreases than the natural gas processing cost.
  • Countries in North America have planned to decrease their carbon signature by using cleaner fuel such as shale gas from which the carbon emissions are very less.
  • Canada is a net exporter of oil and gas in North America with 97 % of the exported hydrocarbon of Canada to the United States. The energy demand in Canada is approximately constant for the last few years while their production kept on increasing. Increasing demand from the United States had driven Canada to explore and produce shale gas.
  • In March 2019, oil major Chevron Corporation announced to increase the exploration and production activities in the Permian Basin of United States. The Permian Basin is majorly a shale reservoir producing the highest amount of shale gas in the country. At the Horn River and Liard shale basins in British Columbia, Canada, the company holds a 50 percent operated interest in 290,000 net acres (1,174 sq km).
  • Therefore, owing to the above points, shale gas is likely to dominate the North America shale market during the forecast period.
United States Expected to Dominate the Market
  • In 2018 shale gas production in the United States was 22.3 trillion cubic feet (Tcf). Shale gas production in 2018 accounts for 75% of the total gas produced in the country. Shale oil production in the United States in 2018 was approximately 2.2-billion-barrel oil per day (bopd).
  • Royal Dutch Shell, in 2019, was active at seven sites of shale play in the United States. In the United States, it is engaged in the Marcellus, and Utica gas plays in Appalachia, the Delaware Basin portion of the Permian play, and a non-operated position in the Haynesville gas play. In Permian Basin company is exploring and producing light crude oil from the shale formation, which exhibits companies interest in the country's shale business.
  • Chevron holds approximately 428,000 net acres (1,732 sq km) in the Marcellus Shale, one of North America's largest and most productive sources of natural gas from shale. In the Permian Basin, Chevron holds approximately 1.7 million net acres (6,880 sq km) in the Delaware and Midland basins, where it is developing tight oil and gas shales.
  • In Jan 2018, Exxon Mobil Corp announced to triple its oil and gas production by 2025 from Permian Basin. The Permian Basin is the largest shale oil and gas basin in the United States. Increasing company's production is likely to add upto the dominance of United States on the North America shale market.
  • Hence, the above points indicate that the United States is expected to dominate the North America shale market during the forecast period.
Competitive Landscape

The North America shale market is moderately consolidated. Some of key players in this market include Exxon Mobil Corporation, Murphy Oil Corporation, Royal Dutch Shell Plc,Total S.A, and Chevron Corporation.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BP plc
  • Chevron Corporation
  • ConocoPhillips
  • Equinor ASA
  • Exxon Mobil Corporation
  • Murphy Oil Corporation
  • MORE
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW
4.1 Introduction
4.2 North America Shale Oil and Gas Production Forecast, till 2025
4.2.1 Shale Gas Production Forecast, in Million Tons Oil Equivalent
4.2.2 Shale Oil Production Forecast, in Thousands Barrel per Day
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Intensity of Competitive Rivalry
4.7.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Shale Gas
5.1.2 Shale Oil
5.2 Geography
5.2.1 United States
5.2.2 Canada
5.2.3 Rest of North America

6 COMPETITIVE LANDSCAPE
6.1 Mergers, Acquisitions, Collaboration and Joint Ventures
6.2 Strategies Adopted by Key Players
6.3 Key Company Profiles
6.3.1 Exxon Mobil Corporation
6.3.2 BP plc
6.3.3 Royal Dutch Shell Plc
6.3.4 Total SA
6.3.5 ConocoPhillips
6.3.6 Chevron Corporation
6.3.7 Occidental Petroleum Corporation
6.3.8 Murphy Oil Corporation
6.3.9 Pioneer Natural Resources
6.3.10 Equinor ASA
6.3.11 Repsol SA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
  • Exxon Mobil Corporation
  • BP plc
  • Royal Dutch Shell Plc
  • Total SA
  • ConocoPhillips
  • Chevron Corporation
  • Occidental Petroleum Corporation
  • Murphy Oil Corporation
  • Pioneer Natural Resources
  • Equinor ASA
  • Repsol SA
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll