I think, you will see fracking in a few places outside the US... Poland, China, maybe Brazil...but, not enough to challenge the US. Germany and France SHOULD be doing it. But, they’re environmental weenies.
I do think the growth curve will flatten.. there simply aren’t enough physical drilling rigs available to keep up this pace of growth.
Hydraulic fracturing is currently a very widespread and growing practice in the US, Canada, Mexico, Argentina, Russia, China and Australia.
It’s present a growing slowly in Europe (Poland, Germany, UK, Romania), India, N Africa and the middle east.
It’s not necessary in higher permeability reservoirs in places like offshore gulf of Mexico, Brazil, E Africa, etc.
China and Mexico will probably see the most growth this decade.
Hydraulic fracturing is currently a very widespread and growing practice in the US, Canada, Mexico, Argentina, Russia, China and Australia.
It’s present a growing slowly in Europe (Poland, Germany, UK, Romania), India, N Africa and the middle east.
It’s not necessary in higher permeability reservoirs in places like offshore gulf of Mexico, Brazil, E Africa, etc.
China and Mexico will probably see the most growth this decade.
I do think the growth curve will flatten.. there simply aren’t enough physical drilling rigs available to keep up this pace of growth.
...............
what they’re doing is increasing the output per rig by drilling more wells from a single rig. so rigs can have 20-30 wells targeting different depths and directions and distances from the rig.
the real deal is out in the permian basin where there are a dozen or more different levels of oil and gas. When the permian basin starts scaling up to its potential production rates are going to rise far above expectations.