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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 | Jun 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 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
$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 Products Chapter

This industry primarily provides drilling and general support services for oil and natural gas extraction, and some industry operators also 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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