Industry Analysis & Industry Trends
Despite a dip during the recession, the industry has experienced overall growth in the past five years. Currently, industry firms are acquiring natural gas wells with the expectation that natural gas prices will rise to meet demand from electricity generators and other downstream customers. Over the next five years, industry performance will gain ground in response to rising oil and gas prices and higher levels of output. Increases in oil and gas prices are projected to occur on the back of sustained global economic growth as emerging economies grow rapidly and developing countries expand... purchase to read more
Industry Report - Starting a New Business Chapter
There are substantial barriers to entry to the Oil Drilling and Gas Extraction industry. These include the high-risk nature of oil and gas exploration and development, the difficulty in locating economically viable deposits and the large amounts of capital companies require to bring fields into production.
In addition, many of the major oil and gas producers are vertically integrated firms, with interests in downstream operations, such as petroleum refining and marketing. New entrants lacking such linkages may find it difficult to penetrate the market... purchase to read more