The Shale (Tight) Oil Market 2013-2023
The shale oil market has seen very strong growth in the US as operators increasingly divert investment away from shale gas towards crude oil extraction. As such the United States is also moving towards energy independence by drastically reducing expensive oil imports and rapidly growing domestic shale oil production. Around the world companies and governments are increasing their investment in shale oil exploration as they seek to emulate the development of the market in the United States. As a consequence, visiongain has determined that the value of the global shale oil market in 2013 will reach $40.85bn.
The shale oil market is currently dominated by the US as this is where the methodology to develop hydrocarbons from shale was pioneered. The US also has a number of favourable characteristics that have helped promote the speed of shale oil production. However, this has created a distinctly two tier market between the nations with an established shale oil market and less mature and more rapidly developing markets.
Investment in shale oil exploration outside of North America will grow strongly over the next decade while the US market will maintain its position as the epicentre of the shale oil market. The report provides in-depth analysis of the emerging international shale oil market and gives insights into the unique characteristics of each national market and its growth potential.
What makes this report unique?
Visiongain consulted with industry experts to identify key aspects and trends in the shale oil market. Capital expenditure figures were collected for all major companies in the market to create a basis for the forecasts. As such, our reports have a blend of primary and secondary research providing informed opinion. The report provides insight into key drivers and restraints behind technological and programme developments, as well as identifying leading companies. The report also provides a unique blend of qualitative analysis combined with extensive quantitative data including global and national markets forecasts from 2013-2023 - all of which highlight key business opportunities.
Why you should buy The Shale (Tight) Oil Market 2013-2023
Gain an understanding of how to tap into the potential of this market by ordering The Shale (Tight) Oil Market 2013-2023
The shale oil market is currently dominated by the US as this is where the methodology to develop hydrocarbons from shale was pioneered. The US also has a number of favourable characteristics that have helped promote the speed of shale oil production. However, this has created a distinctly two tier market between the nations with an established shale oil market and less mature and more rapidly developing markets.
Investment in shale oil exploration outside of North America will grow strongly over the next decade while the US market will maintain its position as the epicentre of the shale oil market. The report provides in-depth analysis of the emerging international shale oil market and gives insights into the unique characteristics of each national market and its growth potential.
What makes this report unique?
Visiongain consulted with industry experts to identify key aspects and trends in the shale oil market. Capital expenditure figures were collected for all major companies in the market to create a basis for the forecasts. As such, our reports have a blend of primary and secondary research providing informed opinion. The report provides insight into key drivers and restraints behind technological and programme developments, as well as identifying leading companies. The report also provides a unique blend of qualitative analysis combined with extensive quantitative data including global and national markets forecasts from 2013-2023 - all of which highlight key business opportunities.
Why you should buy The Shale (Tight) Oil Market 2013-2023
- 102 pages
- 74 tables, charts, and graphs
- Global shale oil market forecasts between 2013-2023
- 6 leading national shale oil market forecasts between 2013-2023 with drivers and restraints analysed for each national market.
- United States
- Canada
- Argentina
- Russia
- Colombia
- Australia
- Rest of the World
- Barriers to entry analysis for the leading national markets studied.
- A PEST analysis of the shale oil market
- Market share data for the 10 leading shale oil companies by CapEx share %
- Profiles of the 10 leading shale oil companies detailing their Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn combined with visiongain's analysis of their future prospects.
- EOG Resources Inc.
- Continental Resources
- Marathon Oil Corporation
- ExxonMobil
- Hess Corporation
- ConocoPhillips
- Noble Corporation
- Devon Energy
- Whiting Petroleum Corporation
- Murphy Oil Corporation
Gain an understanding of how to tap into the potential of this market by ordering The Shale (Tight) Oil Market 2013-2023
1. EXECUTIVE SUMMARY
1.1 Overview of the Shale Oil Market
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology
1.5 Global Shale Oil Market Forecast 2013-2023
1.6 Leading National Shale Oil Market Forecasts 2013-2023
2. INTRODUCTION TO THE SHALE OIL MARKET
2.1 Global Shale Oil Reserves
2.2 Global Shale Oil Market Definition
2.3 Shale Oil Drilling and Water Usage
2.4 Shale Oil Economics
3. GLOBAL SHALE OIL MARKET 2013-2023
3.1 Global Shale Oil Market Forecast 2013-2023
3.2 Global Shale Oil Market Drivers & Restraints
3.3 Emulating the US Shale Revolution?
3.3.1 Geology, Industry, Regulation, Pipelines, Water, Demand, Finance
4. LEADING NATIONAL SHALE OIL MARKETS 2013-2023
4.1 Leading National Shale Oil Markets Share Forecast 2013-2023
4.2 Leading National Shale Oil Markets Share Forecast 2013, 2018, 2023
4.3 Barriers to Entry Analysis of the Shale Oil Market
4.4 United States Shale Oil Market Forecast 2013-2023
4.4.1 US Shale Oil Reserves
4.4.2 Is the Railway Making a Comeback in the US Crude Oil Market?
4.4.3 United States Shale Oil Market Drivers & Restraints
4.4.4 Major Oil Shale Plays Drive Quest for US Energy Independence
4.5 Canadian Shale Oil Market Forecast 2013-2023
4.5.1 Canadian Shale Oil Reserves
4.5.2 Canadian Shale Oil Market Drivers & Restraints
4.5.3 Find Out why Canada's Shale Oil Potential will Remain Unfulfilled
4.6 Argentinean Shale Oil Market Forecast 2013-2023
4.6.1 YPF Cooperates with International Companies in the Vaca Muerta
4.6.2 Argentinean Shale Oil Market Drivers & Restraints
4.6.3 Will the Vaca Muerta Become a Global Shale Oil Hotspot?
4.7 Russian Shale Oil Market Forecast 2013-2023
4.7.1 Russia Tapping into World's Largest Shale Play
4.7.2 Russian Shale Oil Market Drivers & Restraints
4.7.3 How the Russian Shale Oil Market will Benefit from Cooperation with Foreign Companies
4.8 Colombian Shale Oil Market Forecast 2013-2023
4.8.1 Shale Oil Adds to Colombian Oil Market Resurgence
4.8.2 Colombian Shale Oil Market Drivers & Restraints
4.8.3 Can the Colombian Shale Oil Market Attract More International Companies?
4.9 Australian Shale Oil Market Forecast 2013-2023
4.9.1 Australian Shale Oil Reserves
4.9.2 Australian Shale Oil Market Drivers & Restraints
4.9.3 Will Australian Shale Oil Potential Remain Undeveloped?
4.10 Rest of the World Shale Oil Market Forecast 2013-2023
4.10.1 Rest of the World Shale Oil Market Drivers & Restraints
5. PEST ANALYSIS OF THE SHALE OIL MARKET 2013-2023
5.1 Political Factors
5.1.1 Energy Security
5.1.2 Government Regulation and Legislation
5.1.3 Job Creation and Tax Income
5.2 Economic Factors
5.2.1 Oil Price
5.2.2 Growing Global Oil Demand
5.3 Social Factors
5.3.1 Environmental Concerns
5.3.2 Continuous Reliance on Fossil Fuels
5.4 Technological Factors
5.4.1 Pad Drilling
5.4.2 EUR Debate
5.4.3 Lack of Expertise and Infrastructure Outside of North America
6. LEADING COMPANIES IN THE SHALE OIL MARKET
6.1 EOG Resources
6.2 Continental Resources Inc.
6.3 Marathon Oil
6.4 ExxonMobil
6.5 Hess Corporation
6.6 ConocoPhillips
6.7 Noble Energy Inc.
6.8 Devon Energy
6.9 Whiting Petroleum Corporation
6.10 Murphy Oil Corporation
6.11 Other Leading Companies in the Shale Oil Market
7. CONCLUSIONS
7.1 Shale Oil Market Outlook
7.2 Global Shale Oil Market Drivers
7.3 Global Shale Oil Market Restraints
7.4 Leading National Shale Oil Market Forecasts 2013-2023
8. GLOSSARY
1.1 Overview of the Shale Oil Market
1.2 Benefits of This Report
1.3 Who is This Report For?
1.4 Methodology
1.5 Global Shale Oil Market Forecast 2013-2023
1.6 Leading National Shale Oil Market Forecasts 2013-2023
2. INTRODUCTION TO THE SHALE OIL MARKET
2.1 Global Shale Oil Reserves
2.2 Global Shale Oil Market Definition
2.3 Shale Oil Drilling and Water Usage
2.4 Shale Oil Economics
3. GLOBAL SHALE OIL MARKET 2013-2023
3.1 Global Shale Oil Market Forecast 2013-2023
3.2 Global Shale Oil Market Drivers & Restraints
3.3 Emulating the US Shale Revolution?
3.3.1 Geology, Industry, Regulation, Pipelines, Water, Demand, Finance
4. LEADING NATIONAL SHALE OIL MARKETS 2013-2023
4.1 Leading National Shale Oil Markets Share Forecast 2013-2023
4.2 Leading National Shale Oil Markets Share Forecast 2013, 2018, 2023
4.3 Barriers to Entry Analysis of the Shale Oil Market
4.4 United States Shale Oil Market Forecast 2013-2023
4.4.1 US Shale Oil Reserves
4.4.2 Is the Railway Making a Comeback in the US Crude Oil Market?
4.4.3 United States Shale Oil Market Drivers & Restraints
4.4.4 Major Oil Shale Plays Drive Quest for US Energy Independence
4.5 Canadian Shale Oil Market Forecast 2013-2023
4.5.1 Canadian Shale Oil Reserves
4.5.2 Canadian Shale Oil Market Drivers & Restraints
4.5.3 Find Out why Canada's Shale Oil Potential will Remain Unfulfilled
4.6 Argentinean Shale Oil Market Forecast 2013-2023
4.6.1 YPF Cooperates with International Companies in the Vaca Muerta
4.6.2 Argentinean Shale Oil Market Drivers & Restraints
4.6.3 Will the Vaca Muerta Become a Global Shale Oil Hotspot?
4.7 Russian Shale Oil Market Forecast 2013-2023
4.7.1 Russia Tapping into World's Largest Shale Play
4.7.2 Russian Shale Oil Market Drivers & Restraints
4.7.3 How the Russian Shale Oil Market will Benefit from Cooperation with Foreign Companies
4.8 Colombian Shale Oil Market Forecast 2013-2023
4.8.1 Shale Oil Adds to Colombian Oil Market Resurgence
4.8.2 Colombian Shale Oil Market Drivers & Restraints
4.8.3 Can the Colombian Shale Oil Market Attract More International Companies?
4.9 Australian Shale Oil Market Forecast 2013-2023
4.9.1 Australian Shale Oil Reserves
4.9.2 Australian Shale Oil Market Drivers & Restraints
4.9.3 Will Australian Shale Oil Potential Remain Undeveloped?
4.10 Rest of the World Shale Oil Market Forecast 2013-2023
4.10.1 Rest of the World Shale Oil Market Drivers & Restraints
5. PEST ANALYSIS OF THE SHALE OIL MARKET 2013-2023
5.1 Political Factors
5.1.1 Energy Security
5.1.2 Government Regulation and Legislation
5.1.3 Job Creation and Tax Income
5.2 Economic Factors
5.2.1 Oil Price
5.2.2 Growing Global Oil Demand
5.3 Social Factors
5.3.1 Environmental Concerns
5.3.2 Continuous Reliance on Fossil Fuels
5.4 Technological Factors
5.4.1 Pad Drilling
5.4.2 EUR Debate
5.4.3 Lack of Expertise and Infrastructure Outside of North America
6. LEADING COMPANIES IN THE SHALE OIL MARKET
6.1 EOG Resources
6.2 Continental Resources Inc.
6.3 Marathon Oil
6.4 ExxonMobil
6.5 Hess Corporation
6.6 ConocoPhillips
6.7 Noble Energy Inc.
6.8 Devon Energy
6.9 Whiting Petroleum Corporation
6.10 Murphy Oil Corporation
6.11 Other Leading Companies in the Shale Oil Market
7. CONCLUSIONS
7.1 Shale Oil Market Outlook
7.2 Global Shale Oil Market Drivers
7.3 Global Shale Oil Market Restraints
7.4 Leading National Shale Oil Market Forecasts 2013-2023
8. GLOSSARY
LIST OF TABLES
Table 1.1 Global Shale Oil Market Forecast Summary 2013, 2018, 2023 ($m, CAGR)
Table 1.2 Leading National Shale Oil Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
Table 2.1 Shale Oil Reserves Top 10 Countries
Table 3.1 Global Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 3.2 Global Shale Oil Market Drivers & Restraints
Table 3.3 Important Global Shale Oil Market Factors (Geology, Industry, Regulation, Demand, Finance, Water, Pipelines)
Table 4.1 Leading National Shale Oil Markets Forecast 2013-2023 ($m, AGR %)
Table 4.2 Leading National Shale Oil Market CAGRs 2013-2018, 2018-2023, 2013-2023 (CAGR %, Percentage Growth)
Table 4.3 Leading National Shale Oil Markets Cumulative Capital Expenditure 2013-2023 (Rank, $bn)
Table 4.4 US Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.5 Top 10 Shale Oil Producers in the Bakken and Eagle Ford
Table 4.6 US Shale Oil Market Drivers & Restraints
Table 4.7 Canadian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.8 Canadian Shale Oil Market Drivers & Restraints
Table 4.9 Argentinean Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.10 Argentinean Shale Oil Market Drivers & Restraints
Table 4.11 Russian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.12 Russian Shale Oil Market Drivers & Restraints
Table 4.13 Colombian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.14 Colombian Shale Oil Market Drivers & Restraints
Table 4.15 Australian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.16 Australian Shale Oil Market Drivers & Restraints
Table 4.17 Rest of the World Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%,
Table 4.18 Rest of the World Shale Oil Market Drivers & Restraints
Table 5.1 PEST Analysis of the Shale Oil Market 2013-2023
Table 6.1 Top 10 Shale Oil Companies 2013 (Shale Oil Capex $m, Market Share %)
Table 6.2 EOG Resources Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.3 Continental Resources Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.4 Marathon Oil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.5 ExxonMobil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.6 Hess Corporation Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.7 ConocoPhillips Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.8 Noble Energy Inc. Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.9 Devon Energy Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.10 Whiting Petroleum Corporation Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.11 Murphy Oil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.12 Other Leading Companies in the Shale Oil Market 2013 (Company, Country)
Table 7.1 Leading National Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
Table 1.1 Global Shale Oil Market Forecast Summary 2013, 2018, 2023 ($m, CAGR)
Table 1.2 Leading National Shale Oil Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
Table 2.1 Shale Oil Reserves Top 10 Countries
Table 3.1 Global Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%, Cumulative)
Table 3.2 Global Shale Oil Market Drivers & Restraints
Table 3.3 Important Global Shale Oil Market Factors (Geology, Industry, Regulation, Demand, Finance, Water, Pipelines)
Table 4.1 Leading National Shale Oil Markets Forecast 2013-2023 ($m, AGR %)
Table 4.2 Leading National Shale Oil Market CAGRs 2013-2018, 2018-2023, 2013-2023 (CAGR %, Percentage Growth)
Table 4.3 Leading National Shale Oil Markets Cumulative Capital Expenditure 2013-2023 (Rank, $bn)
Table 4.4 US Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.5 Top 10 Shale Oil Producers in the Bakken and Eagle Ford
Table 4.6 US Shale Oil Market Drivers & Restraints
Table 4.7 Canadian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.8 Canadian Shale Oil Market Drivers & Restraints
Table 4.9 Argentinean Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.10 Argentinean Shale Oil Market Drivers & Restraints
Table 4.11 Russian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.12 Russian Shale Oil Market Drivers & Restraints
Table 4.13 Colombian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.14 Colombian Shale Oil Market Drivers & Restraints
Table 4.15 Australian Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%)
Table 4.16 Australian Shale Oil Market Drivers & Restraints
Table 4.17 Rest of the World Shale Oil Market Forecast 2013-2023 ($m, AGR %, CAGR%,
Table 4.18 Rest of the World Shale Oil Market Drivers & Restraints
Table 5.1 PEST Analysis of the Shale Oil Market 2013-2023
Table 6.1 Top 10 Shale Oil Companies 2013 (Shale Oil Capex $m, Market Share %)
Table 6.2 EOG Resources Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.3 Continental Resources Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.4 Marathon Oil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.5 ExxonMobil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.6 Hess Corporation Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.7 ConocoPhillips Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.8 Noble Energy Inc. Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.9 Devon Energy Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.10 Whiting Petroleum Corporation Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.11 Murphy Oil Company Overview (Shale Oil Capex $m, Global Market Share %, Net Income $m, Debt $bn, HQ, Ticker, Website)
Table 6.12 Other Leading Companies in the Shale Oil Market 2013 (Company, Country)
Table 7.1 Leading National Market Forecasts Summary 2013, 2018, 2023 ($m, CAGR %)
EOG Resources Company Overview
EOG Resources is the largest US oil producer from horizontal wells with close to 200,000 barrels of oil per day. In 2013 EOG will focus on expanding production from its Eagle Ford shale oil assets. EOG is the largest acreage holder in the Eagle Ford shale with a total of 639,000 acres of which 569,000 acres are located in the crude oil window stretching from Gonzales County in the East to La Salle in the West. Here the company plans to drill 425 net wells operating a total of 25 rigs in the play. According to company information a 5,500 foot lateral well takes an average 12.7 days to drill and comes in at a cost of around $6 million. This compares favourably to most competitors in the Eagle Ford whose costs often exceed EOG’s by $1 million per well. A large part of this saving comes from EOG self- sourcing the sand used in its operations. Self sourced sand not only reduces per well costs but also give EOG the advantage of being able to use more sand per well which positively influences output per well. In 2013, EOG will start a trial in the Eagle Ford in order to further maximise per acre output. In several sections the company will employ a method called downspacing whereby it reduces the acreage per well from 65 acres to 40 acres. EOG estimates that this will increase overall recovery, per 640 acres section, by 2 percentage point from 6% to a projected 8%. With current drilling schedules EOG estimates that is has enough potential wells to keep drilling in the Eagle Ford for 12 more years.
