Decline in demand prices plunged U.S. shale gas development boom rapid cooling

Japanese "Fuji Sankei Business Daily" reported that the U.S. shale gas development boom is being overshadowed.Ceramic proppant In the context of falling demand, shale gas prices fell, development gains are continuing to deteriorate, the number of mining equipment are rapidly reduced. Mining operations provide oilfield services companies face the risk of failure.
According to the American Petroleum Development service provider Baker Hughes Inc., is currently working throughout the United States the number has dropped to 422 excavator units, down 48 percent from a year ago, which is since 1988 the decline since statistics maximum of one year.
The decrease in the number one reason excavator is being used by the U.S. energy industry's production of shale gas production from shale oil transfer.frac proppant In the United States ranked third in the oil services company Schlumberger CEO pavilion Judd Gibbs announced in July of income and expenditure report that "leads to reduced demand for excavators biggest reason is the industry are turning to shale oil production. "
Because shale gas is greater than the pressure on oil shale formation, and thus the output power required for mining equipment will be greater.
Development of shale gas commonly used "hydraulic fracturing technology" requires higher technology and more expensive equipment, which undoubtedly oil exploration and service industry has brought huge profits. However, this situation is changing. In addition, natural gas prices fell sharply during the recent global economic slowdown and the rapid expansion in the context of the high cost of oil service jobs no longer seem indispensable. Investment in energy production industry is showing narrowing trend. U.S. natural gas company Chesapeake Energy and some companies have begun to shrink the scale mining.
America's biggest oil service provider Halliburton, Baker Hughes, Weatherford and other companies were predicted their respective North America in the second quarter operating profit will be down $ 1 billion or so.
While the same excessive competition within the industry and mining equipment oversupply exacerbated seriousness of the situation.
Over the past five years, by the United States to accelerate the development of shale gas effects, oilfield services provider for updating machinery and equipment investment of up to $ 10 billion or more.ceramic ball Although the hydraulic fracturing process used in construction machinery total power output has reached about 15.6 million horsepower, but the actual production capacity needed only about 12 million horsepower, up 30 percent excess capacity.