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 Key Buyers Chapter
The Oil and Gas Field Services industry has a low level of market share concentration, with the four largest operators accounting for less than 40.0% of industry revenue. While major players are multinational oilfield services companies, the majority of industry operators are small with very small market share. The largest player, Halliburton, accounts for just over 10.0% of industry revenue. Concentration is particularly low among companies that supply support services for oil drilling and gas extraction on land. Conversely, concentration is higher in the offshore oil and gas extraction services segment, because these services have greater capital requirements.
The industry's low concentration is reflected in industry employment patterns... purchase to read more