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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 2014

Digging deep: Rising oil prices will spur demand, but drilling bans and regulation will limit growth

IBISWorld’s Oil & Gas Field Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$114bn
Annual Growth 09-14
11.5%
Annual Growth 14-19
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Profit
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Employment
272,347
Businesses
10,735
Industry Analysis & Industry Trends

In the past five years, the industry has benefited from the rise in oil and natural gas prices, which has boosted extractors' demand for the industry's services. Demand for oil and natural gas will continue to grow as the economy recovers in the coming years. Nevertheless, the stringent permitting process for new offshore wells in the Gulf of Mexico will likely restrict potential revenue growth. Furthermore, increased government regulations for hydraulic fracturing are anticipated to lower the attractiveness of natural gas projects... purchase to read more

Industry Report - Industry Locations Chapter

The industry's geographic spread reflects that of the Oil Drilling and Gas Extraction industry due to the importance of that market in driving demand for oil and gas field support services.

Accordingly, the Southwest area accounts for about 47.2% of industry establishments and 54.8% of industry employment, largely due to the dominance of Texas as a gas and oil producer. Texas alone accounts for 31.2% of total establishments and 41.0% of employment.

The next most significant area for the Oil and Gas Field Services industry is the Southeast, which accounts for 18.3% of industry establishments. Activity in the Southeast is concentrated in Louisiana, which is home to 8.8% of establishments and 12.7% of industry employees... 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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