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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Investment Chapter

This industry has a high level of capital intensity despite employing a substantial workforce. Industry services heavily rely on capital equipment, including sophisticated offshore and onshore oil and gas drilling rigs. Operators also compete based on the quality of their technology; therefore, they significantly invest in researching, developing and obtaining the latest and most efficient technology and machinery. In 2014, for every dollar spent on labor, an estimated $0.44 is spent on capital investments.

Positioning and operating drilling rigs, including various types of offshore rigs, require considerable skill, which is reflected in the large share of revenue consumed by wages... 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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