Frost & Sullivan: The Chance of Long-term Natural Gas Buoys Wastewater Treatment Equipment in the Shale Gas Industry

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• Publié par: frost-sullivan
• Nombre de lectures: 20
• Langue: English

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Frost & Sullivan: The Chance of Long-term

Natural Gas Buoys Wastewater Treatment

Equipment in the Shale Gas Industry

PR Newswire

MOUNTAIN VIEW, California, July 12, 2012

- Equipment providers must focus on technology to meet the need for

enhanced water management, within stringent regulations

MOUNTAIN VIEW, California

,

July 12, 2012

/PRNewswire/ -- The North American

wastewater treatment equipment market in the shale gas industry is expected

to achieve steady growth once the utility market and oil and gas industry gets

accustomed to the increasing environmental regulations in the market.

Uncertainty over the existing coal power plants, due to new strict regulations

focusing on efficiency and reduction in capital costs, coupled with stagnant

recovery from the economic recession is likely to slow down market growth

until at least 2014.

New analysis from Frost & Sullivan's (http://www.environmental.frost.com)

Analysis of the Wastewater Treatment Equipment Market in the

North America Shale Gas Industry

research finds that the market earned

revenues of

$246.5 million

in 2011 and estimates this to reach

$353.6 million

in

2018.

If you are interested in more information on this research, please send an

email to Britni Myers, Corporate Communications, at [e-mail],

with your full name, company name, job title, telephone number, company

email address, company website, city, state and country.

Oil and gas companies are looking for enhanced water management solutions

and techniques given the high water consumption during the hydraulic

fracturing and horizontal drilling processes on a frac site. Additionally,

increasing environmental concerns for wastewater disposal and the recent air

emissions control set by the Environmental Protection Agency (EPA) necessitate

a more strategic approach to treat produced and flowback water.

Drilling for unconventional gas has exponentially grown from 2005 onwards and

has changed the long-term strategy for many industries. However, in the last

few years, poor demand for natural gas has meant gas prices have dropped to

as low as

$2.00

per million British Thermal Units (MMBtu). This has forced many

oil and gas companies to scale back drilling in dry shale plays and focus on

liquid-rich shale plays such as Eagle Ford,

Texas

; Utica Shale,

Ohio

; and Bakken

Shale,

North Dakota

.

"Oil and gas companies are also likely to reduce spending in undeveloped areas

and instead focus on regions where the company either has an existing

presence or one that is likely to generate positive return," said Frost & Sullivan

Industry Analyst Ankur Jajoo. "The reduction in drilling will mean the expected

growth opportunity for wastewater treatment equipment remains steady for

the short-term as the market recovers."

Thermal distillation and evaporators; crystallization and zero liquid discharge

systems; flocculation and clarifiers; and disinfection equipment are portrayed

as areas for long-term growth. These technologies are also likely to see the