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Oil & Gas Field Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil & Gas Field Services Market Research Report | NAICS 21311 | Mar 2015

Digging deep: Rising demand will aid the industry, but regulation will limit growth

IBISWorld’s Oil & Gas Field Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$96bn
Annual Growth 10-15
0.3%
Annual Growth 15-20
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Profit
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Employment
386,327
Businesses
11,848
Industry Analysis & Industry Trends

Operators in the Oil and Gas Field Services industry primarily provide services to oil and gas extractors, making demand highly dependent on oil and natural gas prices. Over the past five years, divergent US and global energy prices stemming from the recession resulted in volatile year-on-year revenue growth. Nevertheless, revenue has increased overall due to steadily growing global demand for energy and recovery from recessionary lows. In the coming years, demand for oil and gas field services is projected to rise, as the global economy recovers. However, low US natural gas prices will likely continue to constrain industry growth. Stringent... purchase to read more

Industry Report - Industry Products Chapter

This industry primarily provides drilling and general support services for oil and natural gas extraction, and some industry operators assist with mining and mineral ore extraction.

Oilfield support services (excluding drilling)

The Oil and Gas Field Services industry provides support services to oil extractors. IBISWorld estimates that 47.0% of industry revenue is generated from oilfield support services. Industry operators provide well cementing, surveying, exploration and other services. Companies also provide pressure-pumping services to increase oil well production... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil & Gas Field Services Industry?

Operators in this industry provide support services on a fee or contract basis to companies involved in oil and gas extraction, mining and quarrying. Industry operators may also provide services such as drilling, taking core samples and making geological observations at prospective work sites.

Industry Products
Oilfield support servicesOil drilling servicesNatural gas well support servicesNatural gas drilling servicesCoal mining supportMetallic ore mining support Nonmetallic ore mining support
 
Industry Activities
Drilling oil and gas wellsSurveying wellsRunning, cutting and pulling casings, tubes and rodsCementing wellsPerforating well casingsAcidizing and chemically treating wellsCoal explorationMetal ore explorationNonmetallic mineral ore explorationContract mining


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