Firm predicts significant growth in fracking market this year

01/22/2012 | Bloomberg

Spears & Associates expects the global hydraulic fracturing market to increase by 19% to $37 billion in 2012. In North America alone, investments in fracking will exceed $30 billion, said Richard Spears, the firm's vice president. However, fracking-services demand won't grow as fast as 2011 because of weakening interest in natural gas drilling, Spears added.

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