Shale Gas Market is Expected to Reach $104.1 Billion, Globally, by 2020

Shale Gas Market is Expected to Reach $104.1 Billion, Globally, by 2020 – Allied Market Research

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Portland, Oregon – (September 16, 2014) According to a new market research report by Allied Market Research titled, “Global Shale Gas Market (Technology, Application and Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2013 – 2020″ the global shale gas market is forecast to reach $104.1 billion by 2020, registering a CAGR of 9.3% during the forecast period (2014 – 2020). The corresponding volume consumption will reach 19,619.4 bcf in the same year. The advent of hydraulic fracturing and horizontal drilling techniques has nearly doubled the efficiency of shale gas retrieval from plays, revolutionizing the shale gas market. China is a major Asian country to propel the demand aided by insatiable energy needs and increasing dependence on natural gas.
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Stepping Up to the Challenge: How Local Communities in the Utica Shale Play are Taking Advantage of the Boom


By now, all of us have heard about the far-reaching effect that shale fracking has had on our national energy policy. What is less clear is its impact on the many rural communities around the country that overlie the oil and gas-rich shale. Many of these areas have seen the shale boom as a sort of saving grace: one that promises good jobs and prosperity in regions where high poverty and unemployment have lingered for generations. Conversely, many shale communities are discovering that the shale boom is not without its challenges.
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Integration Central to Improving Capital Efficiency in Shale Operations


Shale Markets Present a Key Financial Challenge

Shale gas production has positively transformed the US natural gas supply markets over the past decade. Billions of dollars in capital continue to be deployed by oil majors to tap domestic shale resources. The success has spawned some challenges as well – A supply glut has led to depressed natural gas prices while the oilfield services (OFS) market, limited on materials (e.g. rigs) and skilled labor, remains resilient. Deployed capital demands financial returns and prevailing “stagflation” type conditions must be overcome to achieve it.
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Environmental Groups Have Lost the War Against Fracking


Hydraulic fracturing, or fracking, a technique to remove natural gas and oil from shale formations, has been under withering assault from environmental groups for much of the last decade. Fracking has been blamed for contamination of drinking water, air pollution, earthquakes, water shortages, global warming, radiation discharge, and even cancer. But it appears that environmentalists have lost the battle against fracking.
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