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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

The Oil & Gas Field Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 SWOT Analysis Chapter

The Oil and Gas Field Services industry is in the mature stage of its life cycle. In the 10 years to 2020, industry value added, which measures an industry's contribution to the US economy, is expected to grow at an annualized rate of 4.7%. During the same period, US GDP is projected to increase an average 2.5% per year. Although the industry's importance to the economy is rising, this strong growth is mostly due to recovery from recessionary lows and volatile commodity prices.

This industry has long been established and products and services are widely accepted in the marketplace. Operators primarily provide drilling and support services to oil and natural gas extractors, with mining services accounting for a small proportion of industry revenue... 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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