Enhanced Oil Recovery Market Outlook - Industry Trends Report 2024 by Top Players Halliburton, Total, Kinder Morgan, Chevron, Exxon Mobil
Increasing number of stripper and marginal wells along with the growing demand to produce oil at the minimum cost will drive the enhanced oil recovery market. In 2015, the EIA estimated about 380,000 stripper wells in the U.S. compared to about 90,000 non-strippers. As per the National Stripper Well Association (NSWA), the U.S. had an estimated 771,000 marginal wells in production with about 410,000 oil wells in 2013.
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