Gitnux/Report 2026

Fracking Industry Statistics

The global hydraulic fracturing market is projected at $46.9 billion in 2026, explore the figures behind growth, company scope, and execution trends.
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Fracking Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

Before any source is gathered, an editor locks the question, what qualifies, and how the piece will be judged.

02Source Research

Search agents collect the source set and pull each data point out with its provenance attached.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The fracking industry at a glance

The global hydraulic fracturing market is projected at $46.9 billion in 2026, while U.S. tight-oil production remains near 9.4 million barrels per day, keeping North America at the industry’s center.

$46.9B[63]
Global market size, 2026
7.3%[63]
Forecast CAGR, 2026–2035
9.4M b/d[64]
U.S. tight-oil output, 2026
83.1%[65]
North America market share, 2025
Market size
Global hydraulic fracturing revenue was estimated at $46.9 billion in 2026 by Global Market Insights. Grand View Research estimated the 2025 market at $58.5 billion, illustrating the wide variation caused by differing market definitions and coverage.[63][65]
Forecast & CAGR
Global Market Insights forecasts the market to reach $88.6 billion by 2035, implying a 7.3% CAGR from 2026 to 2035. Grand View Research projects $95.9 billion by 2033 at a 6.2% CAGR from 2026 to 2033.[63][65]
Market share & regions
North America accounted for 83.1% of global hydraulic-fracturing revenue in 2025 in Grand View Research’s estimate. The Permian alone produced 6.0 million barrels per day of crude oil and 22.2 billion cubic feet per day of dry gas in December 2025, equal to 44% of U.S. oil production and 19% of marketed gas production.[65][64]
Segmentation
Market research segments hydraulic fracturing by technology, material, application and region. Common application categories include shale gas, tight gas and tight oil; technology categories include plug-and-perf and sliding-sleeve systems.[65][66]
Key players & concentration
Global Market Insights identifies Halliburton, Baker Hughes, Liberty Energy, Weatherford and Calfrac Well Services as leading providers, with the five companies holding a combined 35% share in 2025. Halliburton reported $12.8 billion in 2025 Completion and Production revenue, the segment that includes pressure-pumping and stimulation services.[63][14]
Pricing
Hydraulic-fracturing service pricing is generally tied to pump hours, fracturing stages, days on location, proppant volumes and market conditions. Liberty Energy states that most of its contracts allow pricing adjustments based on prevailing market conditions and changing input costs, while revenue recognition is primarily based on pump hours, stages or days on location.[14]
Trends, drivers & challenges
U.S. tight-oil production is forecast at 9.35 million barrels per day for 2025 and remained approximately 9.4 million barrels per day through the first three quarters of 2026. Key constraints include weaker North American pressure-pumping activity, methane controls, water management, induced-seismicity concerns and capital discipline among producers.[64][14][67]
Consumer behavior & competition
The industry’s direct customers are oil and gas producers rather than household consumers. Competition is concentrated among integrated oilfield-service companies and specialist pressure-pumping providers; Halliburton’s Completion and Production revenue declined 4% to $12.8 billion in 2025, reflecting lower U.S. land pressure-pumping activity.[14][63]
Regulation
Under the Energy Policy Act of 2005, hydraulic fracturing is broadly excluded from the federal Safe Drinking Water Act Underground Injection Control program, except when diesel fuel is used. EPA rules still govern related areas including produced-water discharges, methane emissions, well completions and workovers; state permitting and water rules also remain material.[67]
Latest news
The latest EIA outlook available in 2026 forecasts U.S. crude-oil production at a record 13.8 million barrels per day for 2026, above the 13.7 million barrels per day recorded in 2025. The Permian remains the principal growth area, with 2026 oil production forecast at 6.8 million barrels per day.[64]

02 Ranking

Top 7 Companies in the Fracking Industry

The leading companies in the fracking industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

SLB stands out for well completion and stimulation systems because it provides reservoir-performance and production systems technologies used in well completions and stimulation, while Baker Hughes focuses on completions and intervention equipment since it reported $3.75 billion in 2025 Completions, Intervention, and Measurements revenue.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in well stimulation & completion equipment

    SLB

    US

    Ranked #1 · 9.6 · Well stimulation & completion equipment

    Why we picked it: Its reservoir-performance and production systems technologies are used in well completions and stimulation.

    See in ranking ↓Visit slb.com ↗

  2. #2 overall

    Baker Hughes

    US

    Ranked #2 · 9.0 · Well stimulation & completion equipment

    Why we picked it: Its $3.75 billion in 2025 Completions, Intervention, and Measurements revenue places the completions and intervention scope at the center of results.

    See in ranking ↓Visit bakerhughes.com ↗

  3. Leader in hydraulic fracturing services

    Liberty Energy

    US

    Ranked #3 · 8.4 · Hydraulic fracturing services

    Why we picked it: It describes hydraulic fracturing services as a core activity and operated about 5,800 employees in 2025.

    See in ranking ↓Visit libertyenergy.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 7 companies in the fracking industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

SLB

Well stimulation & completion equipment · US

9.6
2

Baker Hughes

Well stimulation & completion equipment · US

9.0
3

Liberty Energy

Hydraulic fracturing services · US

8.4
4

ProFrac Holding

Hydraulic fracturing services · US

8.3
5

Halliburton

Hydraulic fracturing services · US

8.2
6

Calfrac Well Services

Hydraulic fracturing in North America and Argentina · CA

8.2
7

Trican Well Service

Canadian pressure pumping and fracturing · CA

8.0

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 7 companies in the fracking industry. In Fracking Industry Statistics. Gitnux. https://gitnux.org/fracking-industry-statistics/#top-companies

report visual · Comparison

Revenue of the largest fracking companies

SLB leads with $35.7B in annual revenue (group level, converted to USD).

SLB$35.7B
Baker Hughes$27.7B
Halliburton$22.2B
Liberty Energy$4.0B
ProFrac Holding$1.9B
Calfrac Well Services$1.0B
source-verifiedsec.gov · investors.libertyfrac.com · ir.pfholdingscorp.com · investors.calfrac.com2025

04 Statistics

Technology & Innovation

Respondents expect near-term frac changes from real-time data analytics and equipment automation, each cited by majority shares in 2022 survey results.

AI in the fracking industry

  • $65 billion is the estimated near-term annual recurring value that AI could unlock across upstream oil and gas, including oilfield services, 2026, global estimate.[1]
  • $230 billion is the estimated full-potential annual value AI could unlock across upstream oil and gas and oilfield-services companies as autonomous operating modes mature, 2026, global estimate.[1]
  • 54% of respondents identified real-time data analytics as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 57% of respondents identified AI and machine learning as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]

Automation in the fracking industry

  • 30% of respondents identified third-party software integration as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 13% of respondents identified environmental monitoring and compliance tools as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 33% of respondents identified advanced fracture modeling as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 33% of respondents identified cloud-based data-management platforms as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 69% of respondents identified equipment automation as the digital technology expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]
  • 33% of respondents identified remote operations as among the digital technologies expected to have the biggest impact on frac operations over the next two to three years, 2022, global survey.[2]

Digital Transformation in the oil and gas sector (sector benchmark)

  • 92% of oil and gas and chemicals companies were implementing, developing or planning new digital-twin applications within five years in 2025.[3]
  • Across oil, gas and utilities worldwide, 31% cited tighter integration and cross-functional collaboration among the top two drivers of enterprise-software adoption in 2022.[4]
  • More than 60% of upstream oil and gas survey respondents report gains of at least 10% in production, recovery, capital efficiency or time savings from digital solutions.[3]
  • 50% of oil and gas and chemicals companies were already using digital twins to manage assets in 2025, according to the EY Future of Energy Survey.[3]
  • For every US$1 spent, upstream oil and gas companies expect digital solutions to generate US$2.80 of value, according to EY’s global 2026 survey.[3]
  • Across oil, gas and utilities worldwide, 17% of companies reported completing their digital-transformation journeys in 2022.[4]

Technology Adoption in the oil and gas sector (sector benchmark)

  • Among oil, gas and energy organizations surveyed by ASUG, 33% expected low-code or no-code technology to greatly affect digital-transformation efforts in 2025.[5]
  • Among oil, gas and energy organizations surveyed by ASUG, 19% expected conversational user interfaces or chatbots to greatly affect digital-transformation efforts in 2025.[5]
  • Among oil, gas and energy organizations surveyed by ASUG, 56% expected AI and machine learning to greatly affect digital-transformation efforts in 2025.[5]
  • Among oil, gas and energy organizations surveyed by ASUG, 42% expected RPA or similar automation to greatly affect digital-transformation efforts in 2025.[5]

Cloud Computing in the oil and gas sector (sector benchmark)

  • Across oil and gas companies surveyed globally, 49% ranked the cloud as a high-investment technology over the following 18 months.[6]
  • Across oil and gas companies surveyed globally, 45% ranked the cloud among technologies delivering high business benefit over the following 18 months.[6]
  • Across oil and gas companies surveyed globally, 90% reported using cloud computing in 2020, while 76% of users were developing improvements or new use cases.[7]
  • Among oil, gas and energy organizations surveyed by ASUG, 47% expected cloud technology to greatly affect digital-transformation efforts in 2025.[5]

Big Data in the oil and gas sector (sector benchmark)

  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 36% were already investing in big data and analytics.[8]
  • Across oil and gas companies surveyed in the 2016 Accenture upstream study, 13% used big-data and analytics insights to shape their approach to markets and competitors.[8]
  • Across oil and gas organizations surveyed globally, 59% ranked big data and analytics among technologies delivering high business benefit over the following 18 months.[6]
  • Across oil and gas organizations surveyed globally, 52% ranked big data and analytics as a high-investment technology over the following 18 months.[6]

IoT in the oil and gas sector (sector benchmark)

  • Among oil and gas businesses surveyed by Viasat, 54% had a formal IoT strategy in 2024.[9]
  • Among oil and gas companies surveyed by Microsoft, 94% were IoT adopters in the survey period ending in 2021.[10]

05 Statistics

Data & Analytics

Field operations show measured effects from sensor-based programs and automated production optimization, including a 50% reduction in equipment downtime in a 26-well pilot.

Business intelligence in the fracking industry

  • 30% fewer field visits per month were achieved by an SLB intelligent-oilfield service through continuous data access and proactive meter recalibration.[11]
  • $4.4 million was saved across 1,400 Permian wells through SLB’s sensor-based intelligent chemical-injection program.[11]
  • 50% was the reduction in equipment downtime in SLB’s 26-well Permian automated-production-optimization pilot.[12]
  • 26 wells were included in SLB’s Permian pilot for automated production optimization using real-time recommendations and closed-loop control.[12]
  • 15,000 additional barrels had been produced by 2024 after the same operator deployed SLB’s integrated analytics workflow.[11]
  • 90% was the reduction in optimization-cycle time in a 26-well Permian pilot using SLB’s automated production-optimization workflow.[12]

Data analytics in the fracking industry

  • 82% of perforation clusters were producing oil on average after an SLB engineered-completion strategy in the Eagle Ford.[11]
  • 3% higher production was achieved across 20 wells after SLB used AI, machine learning and IIoT to detect pumping anomalies and send smart alerts.[11]
  • 25% higher oil production was achieved in a Permian Wolfcamp well after data-driven completion optimization compared with offset wells.[12]
  • 16 million gallons was the median water volume per U.S. hydraulic-fracturing job in 2022, according to a FracFocus-based analytics study.[13]
  • 60% higher hydraulic-fracturing surface area was achieved after Schlumberger used field measurements and modeling to optimize Wolfcamp completion design.[12]
  • Every 5–15 seconds, advanced chemometrics, artificial intelligence and machine-learning algorithms process hydrocarbon-flow measurements in Fracture Technology’s Data Analytics segment.[14]

Data Quality in the oil and gas sector (sector benchmark)

  • 66% of upstream oil and gas professionals rated accurate data as important for effective and efficient geoscience analysis in 2023.[15]
  • 36% of geoscience professionals said having the most current and best-quality data was their biggest collaboration challenge in 2023, across oil and gas and other surveyed industries.[16]
  • 50% of oil and gas respondents were confident their organization could handle data-quality issues in 2023, based on a global geoscience-sector survey.[16]
  • 12% of oil and gas respondents lacked the necessary information for data-driven decisions in 2023, across the surveyed industries worldwide.[16]
  • 68% of upstream oil and gas professionals rated data integrity as important for effective and efficient geoscience analysis in 2023.[15]
  • 62% of upstream oil and gas professionals rated complete data as important for effective and efficient geoscience analysis in 2023.[15]

Data Governance in the oil and gas sector (sector benchmark)

  • 32% of oil and gas respondents expected to establish a data-management framework within two to three years in 2023.[17]
  • 56% of upstream oil and gas organizations identified data security as a data-management priority for the next two years in 2023.[15]
  • 40% of upstream oil and gas organizations considered data management a strategic priority in 2023, up from more than 30% in 2020.[15]
  • 4% of upstream oil and gas organizations reported that geoscience data management received only minimal senior-management and wider-business support in 2023.[15]
  • 14% of oil and gas respondents had an established data-management framework in 2023, one of the lowest rates among surveyed industries worldwide.[17]
  • 96% of upstream oil and gas organizations identified data centralization as a current or future data-management priority for the next two years in 2023.[15]

KPIs in the fracking industry

  • 644 million BOE were produced in Alberta in 2024 from wells hydraulically fractured since 2013.[18]
  • 0.65 barrels of nonsaline water were used per BOE produced by Alberta wells fractured in 2024.[18]
  • 98% of Alberta hydraulic-fracturing water in 2024 was make-up water, while approximately 2% was recycled water.[18]
  • 50% was the improvement over the established daily stage-placement record achieved by SLB’s OneStim operation in West Texas.[11]
  • 2 days of operational time per month could be saved through SLB’s automated stage-time reduction of up to 15 minutes per stage.[11]
  • 15 minutes per hydraulic-fracturing stage were trimmed by automated missile-manifold features in SLB’s Automated Stimulation Delivery Platform.[11]

06 Statistics

Strategy & Growth

Customer agreements and fleet deployments are recurring building blocks, including ProPetro’s three-year hydraulic-fracturing services agreement with ExxonMobil in 2024.

Growth in the fracking industry

  • $1,092.0 million was ProPetro’s hydraulic-fracturing revenue in 2024, down 14.7% from 2023.[14]
  • $1,143.2 million was ProPetro’s hydraulic-fracturing revenue in 2022.[14]
  • RMB823.1 million was Honghua Group’s fracturing-business revenue in 2024, up 56.8% from 2023.[19]
  • $878.1 million was ProPetro’s production-services revenue in 2024, up from $785.6 million in 2023.[14]
  • $423.6 million was ProPetro’s drilling-and-evaluation-services revenue in 2024, up from $360.3 million in 2023.[14]
  • $1,280.5 million was ProPetro’s hydraulic-fracturing revenue in 2023.[14]

Differentiation in the fracking industry

  • Three years was the term of ProPetro’s 2024 hydraulic-fracturing services agreement with ExxonMobil.[14]
  • $187.7 million was ProPetro’s 2024 revenue from services to ExxonMobil, including Pioneer and XTO.[14]
  • $20.1 million of 2023 revenue was recorded by ProFrac from contract shortfalls with Flotek related to its stimulation-services segment.[14]
  • Two FORCE electric hydraulic-fracturing fleets were committed to ExxonMobil under ProPetro’s 2024 agreement.[14]
  • Approximately 40 active hydraulic-fracturing fleets were operated by Liberty Energy at December 31, 2024, compared with one active fleet in December 2011.[14]
  • $32.5 million of 2024 revenue was recorded by ProFrac from contract shortfalls with Flotek related to its stimulation-services segment.[14]

Mergers and acquisitions in the fracking industry

  • 83% of global oil-and-gas deals were asset acquisitions and divestitures in Q4 2025.[20]
  • $39 billion was the value of upstream merger-and-acquisition deals announced in the first quarter of 2024.[21]
  • 427 oil-and-gas transactions were recorded globally in 2025, compared with 528 in 2024.[20]
  • $256 billion was the value of upstream merger-and-acquisition deals in 2023.[21]
  • $12 billion was the value of U.S. oilfield mergers and acquisitions reported for 2024, compared with $5.3 billion in 2023.[22]

Strategic partnerships in the fracking industry

  • Three years was the committed term for each fleet under ProPetro’s 2024 XTO Energy hydraulic-fracturing agreement.[14]
  • $13.7 million was paid to the seller for ProPetro’s 2024 acquisition of AquaProp, a wet-sand solutions provider for hydraulic-fracturing sites.[14]
  • Since 2015, ProPetro had collaborated with ExxonMobil on hydraulic-fracturing-related services by the time of their 2024 agreement.[14]
  • $187.7 million was ProPetro’s 2024 revenue from ExxonMobil-related services after Pioneer’s merger into ExxonMobil.[14]
  • One optional FORCESM electric fleet was scheduled to commence operations in early 2025 under ProPetro’s ExxonMobil agreement.[14]
  • One additional electric hydraulic-fracturing fleet was available as an option under ProPetro’s 2024 XTO Energy agreement.[14]

07 Statistics

People & Workforce

Workforce planning centers on replacement needs, with 9,900 annual job openings projected for U.S. oil and gas workers from 2025 through 2035.

Hiring in the fracking industry

  • 9,900 annual job openings are projected for U.S. oil and gas workers from 2025 through 2035, mostly from replacement needs, including retirements and occupational transfers.[23]
  • 112,700 U.S. oil and gas worker jobs were recorded in 2025 across the occupations covered by the Bureau of Labor Statistics outlook.[23]
  • 2% growth is projected for U.S. oil and gas worker employment between 2025 and 2035, equivalent to approximately 2,400 additional jobs.[23]
  • 45,500 U.S. roustabout jobs existed in 2025, with employment projected to reach 47,100 by 2035.[23]
  • 12,700 U.S. rotary-drill-operator jobs existed in 2025, with employment projected to reach 12,900 by 2035.[23]

Remote Work in the oil and gas sector (sector benchmark)

  • Across U.S. oil and gas extraction, 60.0% of positions were fully in person in 2024, based on five employer respondents.[24]
  • In energy, oil and gas offices, average capacity usage was 3.2% on Fridays in 2024, the lowest weekday level recorded for the sector.[25]
  • Energy, oil and gas offices averaged 9.9% capacity usage in 2024, indicating substantially less office attendance than full-time in-person operation.[25]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 27.4% of employees were expected to work entirely on-site in the fourth quarter of 2025.[26]
  • Across U.S. oil and gas extraction, 40.0% of positions were fully hybrid in 2024, based on five employer respondents.[24]

Hybrid Work in the oil and gas sector (sector benchmark)

  • Across U.S. oil and gas extraction employers, 40% of surveyed positions were fully hybrid in 2023, based on five respondents.[24]
  • Among U.S. energy, natural-resources, and chemicals workers, 25% preferred mostly remote work in KPMG’s 2025 survey.[27]
  • Across Canada’s mining, quarrying, and oil and gas extraction sector, 36.0% of employees were expected to work partly on-site and partly remotely in the fourth quarter of 2025.[26]
  • Among U.S. energy, natural-resources, and chemicals workers, 43% preferred mostly in-office work in KPMG’s 2025 survey.[27]

Employee Engagement in the oil and gas sector (sector benchmark)

  • Globally, 20% of employees were engaged in 2025, according to Gallup’s 2026 global report.[28]
  • At California Resources Corporation, 76% of employees agreed in 2023 that their job gave them flexibility to meet work and personal needs.[29]
  • At California Resources Corporation, 86% of employees agreed in 2023 that they could depend on members of their team.[29]
  • Among oil, energy, and utilities employees, the engagement rate was 86% in the 2022–23 OE Engagement Report.[30]
  • At California Resources Corporation, 87% of employees agreed in 2023 that the people they work with treat each other with respect.[29]

DEI in the fracking industry

  • 21% of the Energy Workforce & Technology Council’s U.S. workforce was female in 2024, up from 19% in 2021.[31]
  • 76% of energy-service-sector jobs were located in the six leading U.S. energy-producing states in the 2024 workforce report.[31]
  • 79% of the Energy Workforce & Technology Council’s U.S. workforce was male in 2024.[31]
  • 346,600 employees globally were covered by the Energy Workforce & Technology Council’s 2024 workforce study of 23 energy-service companies, including nearly 189,000 employees in the United States.[31]
  • 317,199 energy-service-sector positions were located in Texas in the 2024 workforce report, the largest total among the six leading U.S. energy-producing states.[31]

Change Management in the oil and gas sector (sector benchmark)

  • Among oil and gas leaders, 57% said they took employees into account when deciding whether to enact business-wide changes, according to 2023 research.[7]
  • Across organizational change efforts examined by McKinsey, around 70% failed; the oil and gas practice identifies employee resistance and unsupportive management as leading factors.[1]
  • Across more than 2,200 global executives surveyed by McKinsey, the average change effort captured and sustained 21% of the value prioritized for implementation.[32]
  • Among oil and gas workers surveyed globally, 19% said they felt like outsiders at work in the 2023 Global Culture Report.[7]

08 Statistics

Customer & Sales

Operator purchasing pressure shows up in discount capacity and cost expectations, including 45% of U.S. land operators reporting no room for additional price discounts in 2020.

Customer experience in the fracking industry

  • 45% of U.S. land operators said oilfield-service suppliers had no additional room to provide price discounts in 2020.[33]
  • 55% of U.S. land operators expected completion costs to decline in 2020, by an average of 6.9%, increasing pressure on fracking suppliers to improve value and service.[33]
  • 192 U.S. and Canadian operators rated 24 hydraulic-fracturing service providers in Kimberlite Research’s 2020 customer-performance study.[33]
  • More than 3,500 customer evaluations contributed to EnergyPoint Research’s 2021 oilfield-services satisfaction survey, which included hydraulic-fracturing providers.[34]
  • 33 hydraulic-fracturing and other major oilfield-service companies were evaluated in EnergyPoint Research’s 2021 customer-satisfaction survey.[34]

Customer loyalty in the fracking industry

  • 45% of oilfield-services customers used a supplier that had previously done work for them, according to the 2024 Stratonomics study.[35]
  • 70% of a typical oilfield-services company’s business came from repeat purchases and referrals in the 2024 Stratonomics customer-growth study.[35]
  • 25% of oilfield-services customers used a supplier referred by a colleague in the 2024 Stratonomics study.[35]
  • 2,620 respondents rated oilfield-services suppliers in Stratonomics B2B’s 2024 customer-value study.[35]

09 Statistics

Marketing & Brand

Brand sentiment varies across oil and gas categories, with 35% classified as vulnerable and 16% classified as polarized in a 1,219-manager survey.

Branding in the fracking industry

  • 35% of oil-and-gas brands were classified as vulnerable based on customers’ positive and negative word-of-mouth responses in a survey of 1,219 industry managers.[36]
  • 35% of oil-and-gas brands were classified as secure based on customers’ positive and negative word-of-mouth responses in the same survey.[36]
  • 16% of oil-and-gas brands were classified as polarized because customers were similarly likely to express positive and negative word-of-mouth.[36]
  • Roughly 6% was the quarterly sales-growth rate for polarized oil-and-gas brands among 31 companies with accessible sales data.[36]
  • Nearly 2% was the quarterly sales decline for vulnerable oil-and-gas brands among 31 companies with accessible sales data.[36]

Influencer Marketing in the oil and gas sector (sector benchmark)

  • At least 17 influencers promoting BP’s rewards app generated 675,000 likes and 5 million views across posts, according to analysis of campaigns through 2023.[37]
  • Shell’s official Instagram account averaged 572 likes per post among five leading European oil and gas companies analyzed over 2019–2022.[38]
  • One Shell influencer campaign made audiences 31% more likely to believe the company was committed to cleaner fuels, according to a campaign submission cited in 2023.[37]
  • More than 100 influencers worldwide had been paid to promote fossil-fuel firms since 2017, in campaigns reported to have reached billions of people, according to a 2023 investigation.[37]
  • Shell’s official Instagram account averaged 183 comments per post among five leading European oil and gas companies analyzed over 2019–2022.[38]

10 Statistics

Operations & Execution

Operational execution is tied to water use intensity and fleet electrification, including 4 of ProFrac’s active fleets being electric at December 31, 2024.

Process optimization in the fracking industry

  • 10 times more water is used by an average Duvernay well than by an average Cardium well in Alberta.[18]
  • 99% of Alberta hydraulic-fracturing make-up water was nonsaline water in 2024.[18]
  • 335% was the increase in annual water use for hydraulic fracturing in Alberta between 2013 and 2024.[18]
  • 4 times more water is used by an average Montney well than by an average Cardium well in Alberta.[18]
  • 644 million BOE was produced in Alberta in 2024 from wells fractured since 2013.[18]

Operational efficiency in the fracking industry

  • 35.0% was the 2024 increase in ProFrac fleet horsepower compared with 2023.[14]
  • 13.0% was the decrease in ProFrac revenue-generating horsepower per revenue-generating compression unit in 2024.[14]
  • 30.4% was the 2024 increase in ProFrac revenue-generating horsepower compared with 2023.[14]
  • 50.0% was the 2024 increase in ProFrac revenue-generating compression units compared with 2023.[14]
  • 64.7% was the 2024 increase in ProFrac fleet compression units compared with 2023.[14]

Quality management in the fracking industry

  • 4 of ProFrac’s active fleets were electric fleets at December 31, 2024.[14]
  • 9 of ProFrac’s active fleets were Tier II fleets at December 31, 2024.[14]
  • 15 of ProFrac’s 28 active fleets were Tier IV fleets at December 31, 2024.[14]
  • 2 of ProFrac’s 9 Tier II fleets were dual-fuel equipment in 2024.[14]
  • 2% of Alberta hydraulic-fracturing water use was recycled water in 2024.[18]

Supply chain in the fracking industry

  • 56.5 acre-feet was average hydraulic-fracturing water use per Texas well in 2023.[39]
  • 711 acre-feet of water was used by federal-land wells for hydraulic fracturing in New Mexico in 2023.[39]
  • 339,097.9 acre-feet was total hydraulic-fracturing water use reported for Texas in 2023.[39]
  • 26.5 million cubic metres of nonsaline water was used for Alberta hydraulic fracturing in 2024.[18]
  • 75% of total hydraulic-fracturing water use in the New Mexico study area came from federal-land wells in 2023.[39]

Outsourcing / Offshoring in the oil and gas sector (sector benchmark)

  • Across oil and gas companies surveyed globally, 47% planned to increase their use of managed services in 2020.[40]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 81% focused on contract administration in 2022.[41]
  • Across oil, gas and energy organizations, 24% had fully outsourced some contract-commercial-management activities in 2022.[41]
  • Across oil, gas and energy organizations, 16% used offshore resources for contract-commercial-management activities in 2022.[41]
  • Among supplementary outsourced or offshore resources in oil, gas and energy, 27% handled accounts payable or receivable in 2022.[41]

11 Statistics

Finance & Pricing

Company segment results track pressure-pumping activity and pricing, including Halliburton’s $12.8 billion Completion and Production revenue in 2025.

Pricing strategy in the fracking industry

  • $785.6 million was KLX Energy Services’ 2023 Production Services revenue.[14]
  • 14.7% was ProPetro’s 2024 decline in hydraulic-fracturing revenue, attributed partly to decreased customer pricing.[14]
  • $878.1 million was KLX Energy Services’ 2024 Production Services revenue, driven primarily by increased well-stimulation and hydraulic-fracturing services.[14]
  • $1.143 billion was ProPetro’s hydraulic-fracturing revenue in 2022.[14]
  • $1.092 billion was ProPetro’s hydraulic-fracturing revenue in 2024.[14]

Cost reduction in the fracking industry

  • $149.809 million was ProPetro’s hydraulic-fracturing expendables cost in 2024.[14]
  • 9.7% was ProPetro’s 2024 reduction in hydraulic-fracturing cost of services.[14]
  • $239.037 million was ProPetro’s hydraulic-fracturing labor cost in 2023.[14]
  • $233.156 million was ProPetro’s hydraulic-fracturing labor cost in 2024.[14]
  • 69.2% was ProPetro’s hydraulic-fracturing cost of services as a percentage of segment revenue in 2023.[14]

Profitability in the fracking industry

  • $270.505 million was ProPetro’s hydraulic-fracturing adjusted EBITDA in 2024.[14]
  • $76.310 million was KLX Energy Services’ consolidated net income in 2024.[14]
  • 24.8% was ProPetro’s hydraulic-fracturing adjusted EBITDA margin in 2024.[14]
  • $366.809 million was ProPetro’s hydraulic-fracturing adjusted EBITDA in 2023.[14]
  • $12.580 million was KLX Energy Services’ consolidated net income in 2023.[14]

Financial planning in the fracking industry

  • $1.444 billion was ProPetro’s total consolidated service revenue in 2024.[14]
  • $7.815 million was ProPetro’s interest expense in 2024.[14]
  • $211.733 million was ProPetro’s depreciation and amortization expense in 2024.[14]
  • $1.630 billion was ProPetro’s total consolidated service revenue in 2023.[14]
  • $59.1 million was ProPetro’s aggregate share-repurchase expenditure in 2024.[14]

12 Statistics

Product & Service

Product and service differentiation shows up in patent activity and reported technical outcomes, including 184 hydraulic-fracturing patent filings in 2022.

Product development in the fracking industry

  • 77% of U.S. industrial sand production in 2025 came from Texas, Wisconsin, Oklahoma and Louisiana, the leading frac-sand-producing states.[42]
  • 120 million tons of U.S. industrial sand and gravel were sold or used in 2025, including material used as frac sand.[42]
  • 184 hydraulic-fracturing patent filings were recorded in 2022, the peak year in a 2015–2026 dataset.[43]
  • 2.96 billion pounds of U.S. hydraulic-fracturing chemicals were designated proprietary in 2022.[44]
  • 10.4 billion pounds of chemicals were designated proprietary in U.S. hydraulic-fracturing disclosures from 2014 through 2022.[44]

Product lifecycle in the fracking industry

  • 4 to 6 years is the stated overall life expectancy for one example upstream hydraulic-fracturing pump configuration.[45]
  • Nearly 2 times the original cost is the expected cumulative aftermarket revenue over the life of an example downstream liquid-ring pump.[45]
  • 317% was the increase in Halliburton’s hydraulic-fracturing pump-oil replacement cycle after testing a new oil blend in North America in 2023.[46]
  • 18 months was the demonstrated run life of Schlumberger’s Continuum ESP in unconventional operations, compared with historical conventional ESP averages of 6–9 months.[12]
  • 165,819 gallons of oil per year were eliminated from Halliburton’s North America land hydraulic-fracturing pump fleet through extended oil-change intervals in 2023.[46]

After-sales in the fracking industry

  • $1.3 billion was spent by Liberty to deploy more than 30 hydraulic-fracturing fleets between January 2011 and December 2020.[47]
  • $5.2 million of NCS Multistage’s 2025 revenue came from tracer diagnostics, including $4.7 million in the United States.[14]
  • 55% of NCS Multistage’s 2025 services revenue, or $30.7 million, came from services rather than product sales.[48]
  • 30 hydraulic-fracturing fleets were deployed by Liberty from 2011 through 2020 at a total deployment cost of approximately $1.3 billion.[47]
  • 73% was the year-over-year reduction in waste generated per hours worked at Halliburton’s Norway Tananger facility after a 2023 waste-segregation program.[46]

Value proposition in the fracking industry

  • 86% higher production was reported in a second Eagle Ford field after SLB applied a geoengineered integrated well program.[11]
  • $1.5 million was the calculated first-year NPV increase for an SLB engineered-completion well over a geometric-completion well in the Eagle Ford.[11]
  • 37% less proppant was required by SLB’s HiWAY fracturing technique than by conventional Eagle Ford treatments in the reported study.[11]
  • 80% higher production was reported in one Eagle Ford field after SLB applied a geoengineered integrated well program.[11]
  • 32% less water was required by SLB’s HiWAY fracturing technique than by conventional Eagle Ford treatments in the reported study.[11]

13 Statistics

Sustainability & Ethics

Water sourcing and recycling remain central, including 98% of Alberta hydraulic-fracturing water in 2024 as make-up water, with approximately 2% recycled.

Sustainability in the fracking industry

  • More than 96% of water used for Chevron well completions in the Permian and Delaware basins came from brackish or recycled sources in 2018.[49]
  • 5,755 million gallons was Ohio’s peak annual hydraulic-fracturing water withdrawal, recorded in 2017.[42]
  • 113 million m³ of water was used to hydraulically fracture 2,740 shale-gas wells in China between 2012 and 2022.[13]
  • About 20% of produced water in the Vaca Muerta area was reused or disposed of in local underground waste wells as of 2024.[50]
  • 4,371 million gallons of water were withdrawn for hydraulic fracturing in Ohio in 2019.[42]

Circular economy in the fracking industry

  • 61% of water used in APA Corporation’s U.S. hydraulic-fracturing operations was recycled produced water in 2023.[51]
  • 89% of Matador Resources’ wells completed in 2024 used recycled water for at least part of their hydraulic-fracturing fluid.[52]
  • 96% of Matador Resources’ total water consumption was non-fresh water in 2024.[52]
  • 32% of water used in APA Corporation’s U.S. hydraulic-fracturing operations was recycled produced water in 2022.[51]
  • 22,000 megaliters of produced water were recycled for hydraulic fracturing operations by Occidental in 2024.[53]

15 Statistics

Globalization & Expansion

North America dominates activity, with less than 3–4% located in Europe in 2025, while North America held 83.1% of revenue in 2025.

Globalization in the fracking industry

  • Approximately 80% of global hydraulic fracturing activity was concentrated in North America in 2025.[62]
  • Less than 3–4% of global hydraulic fracturing activity was located in Europe in 2025.[62]
  • 5% of announced and completed upstream deals involving U.S. tight oil and shale gas assets were elsewhere in North America during 2023–Q1 2024.[21]
  • 75% of announced and completed upstream deals involving U.S. tight oil and shale gas assets were in the United States in 2023–Q1 2024, with 20% in the rest of the world.[21]
  • 20% of announced and completed upstream deals involving U.S. tight oil and shale gas assets were in the rest of the world during 2023–Q1 2024.[21]

Supplier management in the fracking industry

  • 75% of Liberty Oilfield Services’ U.S. hydraulic-fracturing disclosures involved Safe Drinking Water Act-regulated chemicals from 2014 through 2021.[44]
  • 55% of Schlumberger’s U.S. hydraulic-fracturing disclosures involved Safe Drinking Water Act-regulated chemicals from 2014 through 2021.[44]
  • 2,500 hydraulic-fracturing chemical disclosures were associated with XTO Energy or ExxonMobil from 2014 through 2021.[44]
  • 2,629 hydraulic-fracturing chemical disclosures were associated with Anadarko Petroleum Corporation from 2014 through 2021.[44]
  • 2,579 hydraulic-fracturing chemical disclosures were associated with Pioneer Natural Resources from 2014 through 2021.[44]

Distribution channels in the fracking industry

  • 77% of ProFrac’s manufacturing revenue was intersegment revenue in 2024.[14]
  • 26% of ProFrac’s proppant-production revenue was intersegment revenue in 2024.[14]
  • $246.5 million was ProFrac’s proppant-production revenue in 2024, down from $383.3 million in 2023.[14]
  • $43.7 million of ProFrac’s 2024 revenue came from amortization of acquired off-market proppant contracts.[14]
  • $388.3 million of ProFrac’s 2024 revenue was eliminated as intersegment revenue in consolidated reporting.[14]

Key questions about the fracking industry

What is the global hydraulic fracturing market size in 2026?
The global hydraulic fracturing market is projected at $46.9 billion in 2026.
How fast is the market expected to grow after 2026?
Global Market Insights forecasts the market to reach $88.6 billion by 2035, implying a 7.3% CAGR from 2026 to 2035.
Which companies lead the fracking industry?
SLB stands out for well completion and stimulation systems because it provides reservoir-performance and production systems technologies used in well completions and stimulation, while Baker Hughes focuses on completions and intervention equipment since it reported $3.75 billion in 2025 Completions, Intervention, and Measurements revenue.
What technology shifts are most expected to affect frac operations?
In a 2022 global survey, 54% expected real-time data analytics to have the biggest impact over the next two to three years, and 69% pointed to equipment automation.
How concentrated is hydraulic fracturing activity by region?
North America accounted for 83.1% of global hydraulic-fracturing revenue in 2025, and about 80% of global activity was concentrated in North America in 2025.
How is hydraulic-fracturing pricing commonly tied to job inputs?
Service pricing is generally tied to pump hours, fracturing stages, days on location, proppant volumes, and market conditions.
Reference

Cite This Report

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APA
Samuel Norberg. (2026, November 11). Fracking Industry Statistics. Gitnux. https://gitnux.org/fracking-industry-statistics
MLA
Samuel Norberg. "Fracking Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/fracking-industry-statistics.
Chicago
Samuel Norberg. 2026. "Fracking Industry Statistics." Gitnux. https://gitnux.org/fracking-industry-statistics.

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