How do you determine a market size? Where do you find information on something global? Specifically, I'm trying determine market size for natural gas in the US. I know shale plays are huge right now, so that is what I'm trying to focus on. I can't find anything regarding how much money is spent a specific shale play. I've read some companies are spending billions of dollars, but there are a lot of companies spending money, large and small. What are some good resources to find current analytic information on what companies are spending? I'm going to the UH library this Wednesday to look at Oil and Gas Journal and the like.
Sounds interesting. May want to start with the Texas Railroad Commission. They should have lease numbers and well type information. There are other agencies/entities that keep track of rig count. May want to try rigzone.com or something like that. Not a marketing manager but I hope that helps.
Well he's looking into shale plays which is where most drilling for natural gas is anyway. (in the US) And we dont really have any shale in Texas. Most of our natural gas is tied up in the Marcellus formation so that's where a lot of the new shale drilling is happening. I'm a bit confused at the question. Are you looking for the market size (as in demand) for natural gas in the US or are you trying to figure out how much it costs to drill? (specifically shale drilling)
I spent the past 9 months working on rigs in the Eagle Ford play, maybe not as big or well developed as the Marcellus as of now but it is comparable. I am sure Pennsylvannia and West Virginia each have a government agency similar to TRC. If you want to determine where the gas is going I think most of it is going to cogen and natural gas power plants where it is used for peak load supply, not baseload.
Sorry about that. I'm looking for market size as far as cost to drilling companies (mostly midstream and upstream). I have to put together a presentation to determine where our focus should be for our product. Our product helps determine the quality of gas pulled from the shale (or anywhere for that matter). Determining the market size is huge for my analysis. If companies had a total budget of $35 billion in the Marcellus shale, Id want to determine how much of that relates to what I'm selling. Once I get that, I determine how much of that portion is available for our taking. We actually have a huge shale play in south Texas, eagle ford. Another big one up north. The spending should be huge for the next 5 years. I'm trying to catch this wave while it's high
Are you selling some sort of onsite gas tracker or is this a laboratory procedure that determines wet and dry gas content? Just curious by what you mean by "quality".
I kind of put a spin to the quality part. It's actually gas sampling equipment (samplers, instrument regulators, etc). I know characteristically, shale gas is high BTU. I'm curious to know something else. are the sampling procedures from a rock different from more traditional natural gas resources?
