This market outlook has been updated to reflect new market conditions, sparked by a US$64/bbl decline in oil prices between June 2014 and January 2015. The six-month, nearly 60% drop in global oil prices calls for an updated forecast of water management spending.
This forecast builds on Bluefield Research’s report, Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020, that analyzes market and competitive trends in the U.S. unconventional oil & gas sector. Bluefield anticipates acceleration in terms of refocusing geographic plays and industry consolidation across the Marcellus, Denver Julesburg, Utica, and Haynesville plays. These gas plays are taking on greater importance for water service providers as they seek insulation from oil plays in Texas and North Dakota.