North America's Pressure Pumping Continues Rapid
Growth
Introduction to Pressure Pumping
Pressure pumping, also known as hydraulic fracturing, is a process used in the
oil and gas that involves pumping fluids
into a wellbore at high pressures to fracture reservoir rocks and thereby
stimulate oil and gas production. The technological advancements and
efficiencies achieved in pressure pumping have enabled the shale boom in North
America over the past two decades.
Rise of Horizontal Drilling and
Hydraulic Fracturing
The combination of horizontal drilling and multi-stage hydraulic fracturing
techniques have transformed the oil and gas since the late 1990s. While horizontal
drilling had been used since the 1980s, applying it together with hydraulic
fracturing unlocked tight shale formations that were previously uneconomical to
produce. This allowed access to massive oil and gas reserves trapped in low
permeability shale and tight sand reservoirs across North America. The success
of major shale plays like the Bakken, Marcellus, Eagle Ford, and Permian drove
explosive growth in North
American pressure pumping demand.
Get More Insights On – North American
Pressure Pumping Market
Get this Report in Japanese
Language - 北米圧力ポンプ市場
Get this Report in Korean
Language - 북미 압력 펌핑
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