United States Sand Control System Market is anticipated to grow at a steady pace in the
forecast period, 2024-2028. United
States is anticipated to witness significant growth, owing to rising drilling
activities in the area. Sand getting into production wells is one of the most difficult issues that oil
companies deal with. Production problems caused by sand blocking, erosion to
down-hole tools and completion strings, and damage to surface facilities like
separators and pipelines are some problems that can arise from sand production. Some of the key factors anticipated to drive
the growth of the US sand control systems market include increasing
private investments to support new drilling activities, increasing government
support from various countries for the development of the oil and gas sector,
and the rising number of wells in the US.
Sand control is a technique
for limiting the amount of sand that enters a wellbore. It is a typical
requirement for many gas and oil producing wells worldwide. There are two circumstances
that lead to the formation of sand. The first situation is mechanical failure
of the rocks close to the wellbore, and the second is drag force from the fluid
being produced or injected, in the sub-surface. Additionally, the market size, measured by revenue, of the
US Oil Drilling & Gas Extraction industry is USD 737.3 billion in 2023. The United States presently generates 90% of
its domestic natural gas supply and 75% of its crude oil supply. As oil
industry in US is gaining traction the United States Sand control system market
is expected to expand in the coming years.
Extensive
Use of Sand Control Technology
All the main oil & gas
corporations make extensive use of sand control technology to reduce serious
sand problems. The first flow, pressure drop, or water breakthrough is
when unconsolidated sandstone reservoirs with permeabilities of 0.5 to 8
Darcie's are most likely to produce sand. The sand control system suggests many
methods to prevent sand from entering the wellbore, which would increase
hydrocarbon output and risk damaging expensive machinery of the main oil
corporations making massive use of sand control technology to lessen the
serious sand problem. Owing to which the United States sand
control system market is expected to grow in the future.
Sand production is viewed as
undesirable by drilling corporations due to the present global oil price, which
has made it one of their primary concerns. Sand production can harm surface
production facilities, subsea and downhole equipment, ultimately increasing the
likelihood of catastrophic failure. It costs the producers million dollars per
year. As a result, there are numerous distinct sand control strategies designed
for diverse reservoir conditions. Additionally, efforts to improve the
reserve-to-production ratio from wells and ongoing shale development
activities are important drivers of the market for sand control systems.
Growing Efforts
to Improve the Reserve for Production Ratio in Wells
Nowadays, most of the oil and
gas wells in the globe that were drilled into unconsolidated sandstones produce
sand mixed with reservoir fluids. Sand production results in several issues,
including sanding up the production interval, filling of perforation tunnels,
buildup in surface separators, and probable equipment failure from erosion on
both downhole and surface equipment. There are various strategies for reducing
sand production from wells, ranging from straightforward adjustments in
operational procedures to pricey completion approaches. The sand control
technique chosen is determined by the conditions unique to the site, the nature
of the operations, and economic factors.
Sand production can harm
surface production facilities, subsea and downhole equipment, ultimately increasing
the likelihood of catastrophic failure. It costs the producers several million
dollars per year as a result. Therefore, there are numerous distinct sand
control strategies designed for diverse reservoir conditions. Additionally,
efforts to improve the reserve to production ratio from wells and ongoing shale
development activities are important drivers of the market for sand control
systems.
US Growing
Oil & Gas Industry
The US has the world's largest
economy, the United States consumes a disproportionate amount of energy. The
nation is significantly dependent on oil and gas reserves. In 2020, 15% of
the world's crude oil came from US. Hence, the demand for sand control system
is growing, as this technique is used during oil production. Owing to which the
demand of sand control
systems (SCS) is growing rapidly.
Additionally, BP PLC announced the launch of the Herschel
Expansion project in the Gulf of Mexico in February 2022. The first of the four
significant projects to be completed globally in 2022 is Herschel. The
project's first phase focuses on creating a new subsea production system. The
first well is anticipated to boost platform annual gross production by 10,600
barrels of oil equivalent per day at its peak.
ConcoPhillips began oil production at its GMT-2 oil
project in the National Petroleum Reserve-Alaska in December 2021. At its peak,
the project is anticipated to produce 30,000 b/d. The project's development
expenses totaled USD 1.4 million. Hence, the demand of sand control systems (SCS)
market in the US is expanding rapidly.
Rising Drilling Activities Driving the
Market in The Forecast Period
United States is expected to witness significant growth
owing to rising drilling activities in different locations in country. To
maintain optimum performance, major sand control system market participants
installed the system on offshore oil fields before drilling started. It is
anticipated that the market for sand control systems will benefit from
technological advancements in systems that adapt to the different types of
the earth crust in different locations. For instance, February 27 Reuters (London), in the middle
of 2022, U.S. oil drilling activity has started to fall in response to the
price decline, which will result in slower production growth for the remainder
of 2023 and into 2024.
The most prevalent rigs in the US are oil rigs. Nearly
480 oil rigs were still operational at the end of 2021, compared to only 106
gas rigs. Over time, this divergence has been worse; in 2011, the difference
was less noticeable. Approximately 2,000 new oil and gas extraction sites were
drilled in 2011, marking the top year for new well drilling in the last ten
years. In the Permian Basin, you may find the majority of oil rigs. As the new
oil and gas extraction fields are developing, the market is expected to grow
with a high CAGR in the forecast period.
Recent
Developments
- In February 2022, Imperial County in
California adopted a development plan for the Lithium Valley that calls
for the creation of geothermal energy. Over the next two decades, the
county's geothermal production could increase from 1,500 MW to 3,000 MW
due to the predicted 1,000–1,500 MW of extra generation capacity.
- The America Competes Act of 2022, which aims
to improve the nation's supply chain and competitiveness and includes USD
3 billion for solar manufacturing, was unveiled by the US House of
Representatives in January 2022.
- In November 2021, Construction on the 800-MW
Vineyard Wind 1 project began. Off the coast of Martha's Vineyard and
Nantucket, the project will start operating commercially by the end of
2023.
- The most recent weekly EIA estimates show that
crude oil output in the United States increased by 100,000 bpd for the
week ending by April 7, 2023, reach 12.3 million bpd. In comparison to a
year ago(2022) U.S. output levels are up 500,000 bpd (barrels per day).
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Market Segmentation
The United States
sand control systems market is segmented based on, techniques, well type,
application, and region. Based on techniques, the market is segmented into
gravel
packing, sand screens, resin coated gravel, and inflow control device. Based on
well type, the
market is segmented into open hole and cased hole. Based on application, the
market can be bifurcated into onshore and offshore. Based on region, the market is divided into West, Midwest, Northeast, and South.
Market Players
Main market players in the United States sand control system market are Schlumberger Limited, Halliburton
Company, Baker Hughes Incorporated, Weatherford International, PLC, National
Oilwell Varco, Superior Energy Services, Oil States International, RGL Reservoir
Management Inc.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024
– 2028
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
Technique
Well Type
Application
|
|
Regional
Scope
|
West,
Midwest, Northeast, South
|
|
Key
companies profiled
|
Schlumberger Limited,
Halliburton Company, Baker Hughes Incorporated, Weatherford International,
PLC, National Oilwell Varco, Superior Energy Services, Oil States
International, RGL Reservoir Management Inc.
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
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, the United States Sand control system Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- United States Sand control system Market,
By Technology:
- Gravel Packing
- Sand Screens
- Resin Coated Gravel
- Inflow control device
- United States Sand control system Market,
By Well Type
- United States Sand control system Market,
By Application:
- United States Drilling Rig Market,
By Region:
- West
- Midwest
- Northeast
- South
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in the United States Sand control system 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).
United States Sand control
system Market is an upcoming
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