May. 27, 2024
Proppants Market Report: This comprehensive report is indispensable for companies looking to identify new avenues for revenue growth and gain deeper insights into the industry's intricate dynamics. It is particularly valuable for organizations aiming to diversify into different sectors or expand their current operations in new regions.
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In response to volatile pricing in the oil and gas sector, operators have adopted innovative methods to decrease their cost per barrel of oil equivalent (BoE) while improving well economics. This has led to a focus on maximizing well performance while minimizing operational costs. Proppant suppliers, such as Hexion, are at the forefront, developing cutting-edge technologies designed to enhance well productivity by optimizing well output and reducing costs. Conventional resin-coated proppants help mitigate proppant flowback, particles, and embedment, but industry leaders are seeking additional technological advancements to elevate predicted ultimate recovery (EUR) and cut operational costs.
This report provides insight into the development of the proppants market over the next decade, considering economic recessions and recoveries due to COVID-19, making the market more crucial now than ever before.
Our report also delivers exclusive COVID-19 economic data relevant to your market.
In addition to forecasting revenue until 2032, our study presents recent results, growth rates, and market shares. You'll gain access to unique analyses, business outlooks, and developments. Discover qualitative analyses on market dynamics, drivers, opportunities, restraints, and challenges, along with the impact of rising proppant prices and recent market shifts.
This report offers invaluable insights into how COVID-19 will impact your industry and company, covering four recovery scenarios: V, L, W, and U-shaped recoveries.
This report provides detailed revenue projections for four regional markets and 20 leading national markets:
Global proppants market revenue is projected to exceed US$xx million by 2032, with significant revenue growth anticipated through 2032. Our analysis identifies the organizations with the highest potential, providing insights into their capabilities, progress, and commercial prospects.
How the Proppants Market Report Helps You
In summary, our extensive report offers the following critical insights:
Find both quantitative and qualitative analyses, along with independent market predictions, ensuring you stay informed with this invaluable business intelligence.
By acquiring our latest report, you can avoid knowledge gaps and seize new opportunities. Visiongain's study is essential for anyone needing commercial analyses of the proppants market and its leading companies. You will find data, trends, and predictions unique to this report.
Buy our report today: Proppants Market Report 2022-2032: Forecasts by Material (Sand, Ceramic, Sintered Bauxite), by Application (Shale Gas, Tight Gas, Coalbed Methane, Subsea Hydrates, Others), by Type (Frac Sand Proppants, Lightweight Proppants, Resin-coated Sand (RCS), Ceramic Proppants, Multifunctional Proppants, Non-Spherical Proppants) AND Regional & National Market Analysis PLUS Leading Companies & COVID-19 Recovery Scenarios. Stay ahead by staying informed.
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The Bakken and Three Forks formations within the Williston Basin continue to see rising production due to advancements in horizontal drilling and hydraulic fracturing. This study explores the impact of reservoir stimulation techniques on conductivity, revealing that the conductivity of propped fractures in the Bakken system is influenced by multiple factors, including the strength of both proppant and rock, as well as formation embedment and spalling.
Various tests were conducted to assess the sensitivity of Bakken and Three Forks formation cores to different fluids, evaluate the strength of several proppant types, and measure the relative conductivity of propped fractures using actual rock core. Fluids tested included slickwater, cross-linked gel, gelled diesel, Bakken formation crude oil, and Bakken formation brine. Rock and proppant samples were exposed to these fluids at 250°F and 3,000 psi for 30 days, and subsequent hardness and strength tests were performed.
Brinell hardness testing revealed that Middle Bakken, Lower Bakken shale, and Three Forks samples experienced a significant decrease in hardness after fluid exposure, particularly with slickwater and cross-linked gel. The decline in hardness ranged from 34.1% to 84.3%, suggesting potential long-term conductivity issues in the presence of proppant.
Proppant strength was evaluated using a method to measure stress vs. strain of a proppant pack. Ceramic proppant demonstrated high stiffness, while sand and resin-coated sand (RCS) exhibited varying stiffness levels. Fluid exposure affected proppant stiffness, particularly for sand and RCS in the presence of Bakken formation brine.
Conductivity tests using an API conductivity cell were conducted under conditions of 6,500 psi and 8,000 psi at 200°F. Findings showed that ceramic proppant exhibited the highest conductivity, followed by RCS and Ottawa sand. Despite variations in rock type hardness, ceramic proppant consistently provided superior conductivity.
The study concluded that both rock and proppant strength are affected by fluid exposure, impacting long-term conductivity. Slickwater formulation had the greatest effect on reducing formation face hardness, highlighting the importance of fluid considerations in proppant selection. Advanced conductivity testing that incorporates actual reservoir and fracturing fluids is crucial for more accurate reservoir assessments.
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