Pressure pumping is the process of propagating cracks and fractures in rocks by using pressure fracturing fluid and pumping cement into the well bore to finish it. Pressure pumping is necessary for processes such as stimulation, completion, intervention, and other aspects of a successful lifespan. It is employed in the extraction of resources from tight gas, shell gas, and unconventional liquids. They are mostly employed to extract resources that are difficult to recover by conventional drillings, such as low permeability deposits. Sand control services, acidizing services, cementing services, and hydraulic fracturing services are the most common users of pressure pumping services. The use of pressure pumping services has the advantage of increasing reserve productivity, which improves asset value and investment return.
Because of expanding shale gas plays and increased oil and gas development, the United States has the biggest pressure drilling market. According to the US Energy Information Administration's Annual Energy Outlook 2017, natural gas production may account for 40% of US energy output by 2040, bolstering the pressure pumping sector. However, rising environmental concerns will limit the expansion of the pressure-pumping business in the United States.
The oil and gas sector in Canada is seeing profitable expansion as a result of increasing exploration, drilling, production, and refining operations. Furthermore, advancements in science and technology, the availability of experienced financing institutes for the oil and gas sector, abundant resources, and expertise in remote location operation are factors fueling the growth of the oil and gas industry, which is propelling pressure pumping market growth in Canada. According to Natural Resources Canada, oil sands output will more than quadruple to 3 million barrels per day by 2020, with crude oil production from oil sands exceeding 4.5 million barrels per day by 2025. This will increase pressure pumping demand in Canada.