Shale oil is an unconventional type of oil produced from oil shale formations. It is also known as kerogen oil or oil shale oil . The extraction of shale oil is an industrial process that is generally undertaken above ground by mining in oil shale field and then the output is treated in a facility to obtain the desired product. Heating or fracturing is also used to extract shale oil when the source shale field is beneath the earth’s crust.
As per the Report, The Shale Oil market in the US will grow at a CAGR of 13.3 percent over the period 2013-2018.
Covered in this Report
The Shale Oil market in the US can be divided into four segments based on end-user into the Transportation sector, Industrial sector, Power Generation sector, and Others.
The Shale Oil Market in the US 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the key states for shale oil production in the US, namely, Texas, North Dakota, and Kansas; it also covers the Shale Oil market in the US landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key States
• Texas
• North Dakota
• Kansas
Key Vendors
• Devon Energy Corp.
• EOG Resources Inc.
• ExxonMobil Corp.
• Hess Corp.
• Marathon Oil Corp.
• SM Energy Co.