Unconventional Gas Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to unconventional gas market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Unconventional Gas Market News

in Unconventional Gas Market
  • As a measure to deploy carbon capture and storage (CCS) technology within its shale gas operations, Chevron and a group of industry titans have launched a fresh effort. With a mission to decrease the carbon intensity of operations, Chevron debuted a pilot operation in January 2025 at the Marcellus Shale to trap CO2 emissions resulting from production in unconventional gas and entombing them in underground caverns. It forms part of Chevron's strategy of reaching 2050 net-zero emissions.
  • Royal Dutch Shell launched a new digital platform aimed at maximizing the development of unconventional gas resources in July 2024. The platform employs machine learning and artificial intelligence (AI) to process large volumes of data gathered from shale gas well monitoring in real-time. Shell is able to estimate production trends, optimize drilling schedules, and enhance overall operational efficiency due to this technology. The process is expected to make unconventional gas extraction more economically viable and lower costs.
  • The new multi-stage hydraulic fracturing technology that ExxonMobil announced is designed to increase the rate at which shale gas can be extracted from tight reservoirs. This new system, integrating best-practice fracturing fluids, real-time data analysis, and precision drilling to optimize output with less environmental footprint, was successfully tested by ExxonMobil in the Permian Basin during March 2024. This technology dramatically enhances unconventional gas extraction efficiency.
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Global Unconventional Gas Market size was valued at USD 204.61 Billion in 2023 and is poised to grow from USD 217.5 Billion in 2024 to USD 364.82 Billion by 2032, growing at a CAGR of 6.3% in the forecast period (2025-2032).

The market leaders in the highly competitive global unconventional gas industry are looking to create new technology, reduce costs, and reach out geographically. Some of the major initiatives include investing in eco-friendly techniques, group efforts to adopt technology, and aggressively exploring as-yet untapped reserves. Firms such as ExxonMobil and Chevron, for example, are concentrating on high-tech shale gas extraction techniques in an effort to increase output with less environmental impact. 'ExxonMobil Corporation', 'Chevron Corporation', 'Royal Dutch Shell', 'BP', 'TotalEnergies', 'ConocoPhillips', 'Eni S.p.A.', 'Halliburton', 'Schlumberger', 'Baker Hughes', 'Occidental Petroleum', 'Devon Energy', 'Apache Corporation', 'EQT Corporation', 'Pioneer Natural Resources'

The growing global energy demand, particularly in the developing world of China and India, is driving the unconventional gas industry. Tight gas and shale gas are vital sources of energy to satisfy increasing household and industrial demands. Governments are investing heavily in natural gas infrastructure as part of efforts to lower their reliance on coal, enhance energy security, and shift towards cleaner fuels, which is fueling the production and uptake of unconventional gas.

Integration of AI, IoT, and Automation: The production of unconventional gas is becoming more efficient with the increase in digital technologies such as automation, artificial intelligence, and the Internet of Things. Smart drilling technologies are being employed by companies to reduce costs, boost production, and minimize their impact on the environment. For instance, companies such as Halliburton are employing autonomous hydraulic fracturing technology in 2024 to reduce emissions and enhance stage efficiency.

What Drives Unconventional Gas Production Growth in North America?

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Global Unconventional Gas Market
Unconventional Gas Market

Report ID: SQMIG10D2052

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