United States $1.22 Billion Onshore Drilling Fluids (WBF, OBF, SBF) Market 2014-2025

The U.S. onshore drilling fluids market is expected to reach USD 1.22 billion by 2025

Rising E&P to enhance productivity in conventional oil & gas fields particularly in Marcellus, Eagleford, Bakken, and Permian basins in the U.S. is expected to steer boringmud demand in the region, over the forecast period.

OBF accounted over 27% of market in 2016 and is expected to lose share to the WBF systems over the forecast period. Owing to its enhanced lubricity, OBF are expected to sustain its significance over the forecast period. OBF minimizes torque and drag of drill pipes, thereby reducing corrosion of boring tools in deviated wellbore activities.

Bakken accounted for over 44% of the U.S. proven oil reserves and over 40% of the global proven natural gas reserves in 2014. The presence of large number of unexplored hydrocarbon rich reserves, in onshore basins, coupled with the large dependency of the regional economy on the oil & gas industry is expected have immense potential in the near future.

Further key findings from the report suggest:

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. U.S. Onshore Drilling Fluids Industry Outlook

4. U.S. Onshore Drilling Fluids Market: Product Outlook

5. U.S. Onshore Drilling Fluids Market: Regional Outlook

6. Competitive Landscape

7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/fn6gdv/u_s_onshore

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