Tight Oil and Shale Gas Plays of the Contiguous U.S.Important Note: This item is in mature support as of January 2025 and will be retired in May 2025.This feature layer, utilizing data from the Energy Information Administration, depicts shale gas resource areas within the contiguous U.S. Tight oil is considered to be oil produced at a specific well within different geologic formations. These geologic formations include, but is not limited to, low-permeability sandstone, limestone, and shale. Per the EIA, "the EIA recently updated its methodology and production volume estimates for U.S. shale gas and tight oil plays to include seven additional plays, increasing the share of shale gas by about 9% and tight oil by 8% compared with previously estimated shale production volumes. The update captures increasing production from new, emerging plays as well as from older plays that had been in decline but are rebounding because of advancements in horizontal drilling and hydraulic fracturing."Chattanooga PlayData currency: This cached Esri service is checked monthly for updates from its federal source (Tight Oil and Shale Gas Plays)Data modification: NoneFor more information, please visit: Today in EnergyFor feedback, please contact: ArcGIScomNationalMaps@esri.comEnergy Information AdministrationPer EIA, "The U.S. Energy Information Administration (EIA) collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment."

US Wireline Logging Services Market size was valued at USD 6.00 Billion in 2024 and is projected to reach USD 8.21 Billion by 2032, growing at a CAGR of 4% from 2026 to 2032.

Key Market Drivers:

Increase in Shale Oil and Gas Production: The continued expansion of shale oil production, particularly in major US oil areas such as the Permian Basin, is a primary driver of the wireline logging services market. According to the United States Energy Information Administration (EIA), the country produced 12.4 million barrels per day (bpd) of crude oil in 2023, with a sizable amount coming from shale oil formations.

Technological Developments in Wireline Services: The demand for real-time data and improved logging technologies, such as digital wireline and automated systems, is propelling the wireline logging market. According to Verified Market Research, the integration of artificial intelligence and real-time data processing is altering the market, allowing operators to make faster and more accurate judgments.

The Permian basin is by far the most productive oil basin in the United States. Monthly production in the Permian peaked at nearly six million barrels per day in July 2023. This basin is also known as West Texas Basin, located in western Texas and southeastern New Mexico. Total daily production output in the U.S. climbed to over eight million barrels by late 2021.

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Oilfield Crown Block Market Size 2024-2028

The oilfield crown block market size is forecast to increase by USD 1.89 thousand at a CAGR of 4.5% between 2023 and 2028.

The market is witnessing significant growth due to several key factors. The increase in active rig count, particularly in regions with high potential for oil and gas discoveries, is driving market growth. Furthermore, the trend toward deeper water and ultra-deepwater projects is expanding the market's scope. However, environmental concerns related to drilling are posing challenges to market growth. Strict regulations and the need for eco-friendly drilling solutions are necessitating innovation and investment in sustainable technologies. As the industry evolves, companies must stay abreast of these trends and challenges to remain competitive. The market analysis report provides a comprehensive evaluation of these factors and their impact on the market's growth trajectory.

What will be the Size of the Oilfield Crown Block Market During the Forecast Period?

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The market encompasses the supply of crown blocks, a crucial component in drilling operations. These blocks facilitate weight mode and speed control during the drilling process, ensuring efficient and safe operations. Advanced technologies integrated into crown blocks include zone control, automatic safety interlocks, data logging, and sand-line versions. Drilling vessels, both offshore and onshore, utilize these components in upstream projects, including deepwater and ultra-deepwater projects. Crude oil price fluctuations significantly impact the market, influencing the demand for drilling rigs and raw materials. Unconventional drilling methods have increased the need for and reliable crown blocks to manage heavy loads. Oilfield technologies, such as monitoring systems, alarm systems, lubrication, and raw material shortages or shipping delays, can influence market trends.

How is this Oilfield Crown Block Industry segmented and which is the largest segment?

The oilfield crown block industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD thousand' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Onshore
  Offshore


Geography

  North America

    US


  Middle East and Africa



  APAC

    China


  Europe



  South America

By Application Insights

The onshore segment is estimated to witness significant growth during the forecast period.

The onshore oil and gas industry plays a significant role in E and P activities, given its lower operational costs compared to offshore operations. With the US surpassing Russia and Saudi Arabia as the world's largest crude oil producer in September 2023, according to the US Energy Information Administration (EIA), the recent recovery of global crude oil prices has spurred increased investments in shale oil and gas production In the US. Most oil and gas-producing regions In the US are located onshore. The market caters to the essential drilling equipment requirements In these onshore operations. Key components include weight mode, speed control, zone control, automatic safety interlock, data logging, sand-line version, drilling vessels, and monitoring systems.

Additionally, oil derricks, methane leaks, and drilling rigs are integral to the upstream sector, including deepwater and ultra-deepwater projects. Crown block producers provide solutions for unconventional drilling and upstream deepwater projects, employing oilfield technologies such as monitoring, alarm systems, and lubrication. Raw material shortages and shipping delays challenges persist, impacting heavy loads during drilling operations.

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The onshore segment was valued at USD 6,136.10 in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 32% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In 2023, the US and Canada accounted for nearly half of the world's active drilling rigs, with the US emerging as the leading crude oil producer, surpassing Russia and Saudi Arabia. The primary contributors to this growth were regions such as the Permian Basin, the Federal Offshore, the Gulf of Mexico, and the Bakken area. The US administration's focus on unconventional energy sources, including shale oil and tight gas, fueled this expansion and solidified the region's dominance In the market. As essential components of drilling rigs, crown blocks are in hi