CATEGORY

Hydraulic Fracturing Services

Hydraulic fracturing is an unconventional method for the production of natural gas and oil by fracturing the rock formation that stimulate the flow of natural gas or oil, increasing the volumes that can be recovered

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Category Alerts


CATEGORY ALERTS

New technologies and fracing techniques showcased at SPE Hydraulic Fracturing Technology Conference

February 06, 2023
alert level: Medium
CATEGORY ALERTS

Sunak to restore UK ban on fracking

November 02, 2022
alert level: Medium
CATEGORY ALERTS

UK lifts ban on shale gas fracking

September 15, 2022
alert level: Medium

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Hydraulic Fracturing Services Market Monitoring Dashboard


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Hydraulic Fracturing Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Hydraulic Fracturing Services category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Hydraulic Fracturing Services category for the current quarter is 45.0 days

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    Hydraulic Fracturing Services Suppliers


    1,238
    Total Suppliers
    35
    Diverse Suppliers
    88
    Normalized Supplier Rating
    Hydraulic Fracturing Services Supplier

    Find the right-fit hydraulic fracturing services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    41

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68

    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Hydraulic Fracturing Services market report transcript


    Global Market Outlook on Hydraulic Fracturing Services

    • The global hydraulic fracturing service market is anticipated to be valued at $39.1 billion in 2023, and it is anticipated to reach $44.8 billion by the end of 2026, with a CAGR of 4-6 percent

    • The US is the significant market for hydraulic fracturing services, which accounts for more than 85 percent of the market in North America

    Global Hydraulic Fracturing Market Drivers and Constraints

    Drivers

    • High crude prices and emerging economies have maintained sustainable, however cautious, CAPEX spend from E&P operators

    • Due to technological optimization in fracturing method, it is more widely adopted in regions like LATAM, Europe and APAC after North America

    • Technical advancements, like slide sleeving, are changing the fracturing method. Many companies are exploring the possibility of using it over the traditional method of plug and perforation

    • The global oil demand for the year and next is forecasted to increase, coupling with ban on Russian output will drive the oil production in the year

    • Resume of oil & gas activities in Libya in are expected to positively impact the fracking market in Africa

    • Colombian court allows allow seven contracts worth $517.4 million to move forward  by rejecting a lawsuit to nullify norms regulating commercial exploration and exploitation of non-conventional energy deposits, including fracking

    Constraints

    • Stricter policies and environment laws are limiting the scale of fracturing operations in several regions across the globe especially in Europe where France, Germany, Bulgaria, and the Netherlands have banned fracturing activities while United Kingdom's hydraulic fracturing activities have witnessed strong backlash due to environmental impacts of fracturing

    • Governments cite possible contamination to the aquifers a concern in limiting the fracturing activity

    • Water scarcity in parts of the US and China limits the spread of hydraulic fracking

    • According to a study, emissions from the planned US offshore and onshore drilling projects were four times larger than all of the planet-heating gases expelled globally each year, which could tip world to edge of climate disaster

    • Labor shortage in the oil industry is stinging the industry with high costs

    Cost Structure of Hydraulic Fracturing Services

    • The cost of consumables, such as fracking proppants, chemical, etc., accounts for the single largest cost component. Hydraulic fracturing companies provide the equipment on rentals with crew or without crew. The crew works on a call-out basis and is charged on day-rate basis. Long-term contracts with an assured number of jobs can provide better cost efficiency to the operator.

    Consumables

    • Consumables (frac proppants, chemicals, etc.) account for 45 percent of the total fracturing operation cost.

    Equipment Rentals

    • An extensive amount of equipment, such as high-pressure, high-volume fracking pumps; blenders for fracking fluids; and storage tanks for water, sand, chemicals, and wastewater are required.

    Labor

    • The typical fracking service crew consists of a frac supervisor, a hydraulic fracture engineer, three senior operators, a well head specialist, a senior lab technician, a data acquisition technician, a senior mechanic, a blender operator and a hydration unit operator. The crew works on a call-out basis and is charged on day-rate basis.

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