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 | Sep 2015

Digging deep: Rising demand will aid the industry, but 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
Annual Growth 10-15
Annual Growth 15-20
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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 offshore drilling permit regulations in the Gulf Coast will also offset some revenue gains derived from an increase in crude oil prices... 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


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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