Technological innovations are driving the shale oil production in US

Press release September 17, 2014 USA shale oil production USA shale oil Shale oil USA Shale oil production USA

Shale Oil market Report United States

Mumbai, India – September 15, 2014 –Various technological advancements and innovations have led to an increase in the extraction of shale oil from oil reserves in the US. Vendors on the other hand are also increasing their R&D investment in order to reduce the time and cost effectively. The risk involved in the extraction of the shale oil has reduced significantly in the recent days. The shale oil production in US has thus, increased over the past few years.

This report: Shale Oil Market in the US 2014-2018 provides a detailed analysis of the market and focuses on the major players, recent developments and key drivers of the shale oil market in US.

Market overview

The technological advances include discovering the potential of unconventional oil, well log interpretation, managing produced water, development and determination of oil alongwith development of well simulation models. The shale oil market in the US is growing at a CAGR of 13.3%. One of the key drivers of the market is the depletion of the conventional oil reserves in the country due to which the unconventional oil resources are now being tapped.

Key regions and players

The key states that are involved in the shale oil production in USare North Dakota, Texas and Kansas. The key players in the market include Devon Energy Corp., EOG Resources Inc., ExxonMobil Corp., Hess Corp., Marathon Oil Corp., SM Energy Co., American Shale Oil, Chevron Corp., ConocoPhillips Co., Continental Resources Inc., Murphy Oil Corp., Noble Energy Inc., Shale Technologies LLC, Viru Keemia Group, and Whiting Petroleum Corp.

For further insights, click http://www.researchonunitedstates.com/shale-oil-market-in-the-us-2014-2018.html

About Research on Global Markets

Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.

For more details on the content of each report and ordering information, please contact:

USA/CAN: +1 800 986 6819

EUROPE: +44 203 514 2363

INDIA: +91 22 4098 7600

Source: ResearchOnUnitedStates

E-Mail:[email protected]