United States oil shale market is expected to grow at a formidable rate during the forecast period, 2023-2027. The United States oil shale market is being driven by the growing energy demand in the country and depletion of conventional forms of energy. Oil shale is an organic-rich finely grained structure that is mined and processed to produce oil, which has similar properties to conventional oil pumped from oil reservoirs. Oil shale is considered as an alternative to crude oil, which can supply 2.8 trillion barrels of non-renewable energy. The United States has a significant reserve of oil shale resources, mainly within the Green River Formation in Wyoming, Utah and Colorado. These oil shale reserves are spread across a total area of 16,00 square miles, holding an estimated 2.175 trillion barrels of potentially recoverable oil, and represents the largest known concentration of oil shale in the world, according to the Bureau of Land Management. Development in drilling technology and depletion of renewable sources of crude oil reserves are some of the factors contributing to the growth of the United States oil shale market during the forecast period. However, high cost of equipment, mining, and processing technology might hinder the growth of the United States oil shale market in the coming five years.

The United States oil shale market is segmented on the basis of type, product type, technology, application, region and company. Based on technology, the market can be bifurcated into ex-situ and in-situ. The in-situ segment is expected to dominate the market during forecast period on account of development in drilling technologies coupled with groundwater pollution. Based on application, the market can be categorized into electricity, chemicals, cement, fuel and others. The cement segment is expected to register the highest CAGR during forecast period attributable to the large production of spent shale during kerogen extraction. This spent shale is used as an ingredient in the cement industry to produce cement.


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The major players operating in the oil shale market are American Shale Oil LLC, Enefit American Oil, Oil Shale Exploration Company LLC, Independent Energy Partners, Inc, ConocoPhillips Co., Exxon Mobil Corporation, Anadarko Petroleum Corporation, Occidental Petroleum Corporation, Marathon Oil Company, EOG Resources, Inc., and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Attribute

Details

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends

Segments covered

·         By Type

·         By Product Type

·         By Technology

·         By Fuel Type

Region scope

North-East, Mid-West, West, South

Key companies profiled

American Shale Oil LLC, Enefit American Oil, Oil Shale Exploration Company LLC, Independent Energy Partners, Inc, ConocoPhillips Co., Exxon Mobil Corporation, Anadarko Petroleum Corporation, Occidental Petroleum Corporation, Marathon Oil Company, EOG Resources, Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, United States oil shale market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • United States Oil Shale Market, By Type:
    • >10%
    • 7-10%
    • <7%
  • United States Oil Shale Market, By Product Type:
    • Oil
    • Gas
    • Coke
    • Others
  • United States Oil Shale Market, By Technology:
    • In-situ
    • Ex-situ
  • United States Oil Shale Market, By Application:

o   Electricity

o   Chemicals

o   Cement

o   Fuel

o   Others

  • United States Oil Shale Market, By Region:
    • North-East
    • Mid-West
    • West
    • South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States oil shale market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    United States Oil Shale Market Outlook

5.1.  Market Size & Forecast

5.1.1. By Value

5.2.  Market Share & Forecast

5.2.1. By Type (>10%, 7-10%, <7%)

5.2.2. By Product Type (Oil, Gas, Coke, Others)

5.2.3. By Technology (Ex-situ, In-situ) 

5.2.4. By Application (Electricity, Chemicals, Cement, Fuel, Others)

5.2.5. By Company (2018)

5.2.6. By Region (North-East, Mid-West, West, South)

5.3.  Product Mapping

6.    North-East United States Oil Shale Market Outlook

6.1.  Market Size & Forecast          

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Product Type

6.2.2. By Technology

6.2.3. By Application

7.    Mid-West United States Oil Shale Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Product Type

7.2.2. By Technology

7.2.3. By Application

8.    West United States Oil Shale Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Technology

8.2.3. By Application

9.    South United States Oil Shale Market Outlook

9.1.  Market Size & Forecast          

9.1.1. By Value

9.2.  Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Technology

9.2.3. By Application

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Competitive Landscape

12.1.              Competition Outlook

12.2.              Company Profiles (10 Leading Companies)

12.2.1.    American Shale Oil LLC

12.2.2.    Enefit American Oil

12.2.3.    Oil Shale Exploration Company LLC

12.2.4.    Independent Energy Partners, Inc

12.2.5.    ConocoPhillips Co.

12.2.6.    Exxon Mobil Corporation

12.2.7.    Anadarko Petroleum Corporation

12.2.8.    Occidental Petroleum Corporation

12.2.9.    Marathon Oil Company

12.2.10.  EOG Resources, Inc.

13.  Strategic Recommendations

14.   About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]