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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 | Dec 2014

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

The Oil & Gas Field Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Analysis Chapter

The Oil and Gas Field Services industry plays a vital role in the production of oil and gas resources. Companies in the industry provide valuable services to upstream oil and gas companies, and the largest companies in the industry typically sell products that oil and gas field operators use to explore for and develop oil and gas deposits. Similar to upstream oil and gas companies, industry operators are highly exposed to fluctuations in crude oil and natural gas prices, which can be impacted by a wide range of factors. Nonetheless, the emergence of hydraulic fracturing and horizontal drilling techniques has been a boon to the industry, and industry revenue is projected to increase at an annualized rate of 11.5% to total $114.3 billion in the five years to 2014... 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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