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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 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 0.3% to total $96.1 billion in the five years to 2015... 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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