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Oil & Gas Field Services in the US Industry Data and Analysis
Oil and gas field service providers are directly tied to oil and gas production, so the industry typically follows trends that are significant to that industry (IBISWorld Report 21111). The period started off on a low note as the pandemic massively weakened production, cutting down the need for field service providers as the number of rigs operating saw a steep drop. This drop carried on in 2021 but resurged in 2022, driven by favorable pricing because of supply chain issues from Russia’s invasion of Ukraine, which briefly bolstered field services providers. This revenue growth carried on into 2023 and 2024 as production continued to push up. Even so, prices took a dip, so growth was not as significant. Overall revenue pushed up at a CAGR of 2.5%, reaching $109.8 billion through 2025, including a 5.1% push down in 2025 as crude oil pricess are set to fall.
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What's included in this industry analysis
IBISWorld's research coverage on the Oil & Gas Field Services industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released November 2025.
About this industry
What's this industry report about?
The Oil & Gas Field Services industry in the United States operates under the NAICS industry code 21311. 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. Related terms covered in the Oil & Gas Field Services industry in the United States include semi-submersible rig, hydraulic fracturing (fracking), jack-up rig, drillship, well logging, drilling rig, day rate, daywork contract and workover.
What's included in this industry?
Products and services covered in Oil & Gas Field Services industry in the United States include Oilfield support services, Oil drilling services and Natural gas well support services.
What companies are included in this industry?
Companies covered in the Oil & Gas Field Services industry in the United States include Halliburton Company, Schlumberger Limited and Nabors Industries ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Oil & Gas Field Services industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Oil & Gas Field Services industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Oil & Gas Field Services industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Oil & Gas Field Services industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Oil & Gas Field Services industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Oil & Gas Field Services industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Oil & Gas Field Services industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Oil & Gas Field Services industry in the United States.
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Frequently Asked Questions
What is the market size of the Oil & Gas Field Services industry in the United States in 2026?
The market size of the Oil & Gas Field Services industry in the United States is $109.8bn in 2026.
How many businesses are there in the Oil & Gas Field Services industry in the United States in 2025?
There are 27,273 businesses in the Oil & Gas Field Services industry in the United States, which has declined at a CAGR of 0.8 % between 2020 and 2025.
How may import tariffs affect the Oil & Gas Field Services industry in the United States?
The Oil & Gas Field Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Oil & Gas Field Services industry in the United States?
The Oil & Gas Field Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Oil & Gas Field Services industry in the United States grown or declined over the past 5 years?
The market size of the Oil & Gas Field Services industry in the United States has been growing at a CAGR of 2.5 % between 2020 and 2025.
What is the forecast growth of the Oil & Gas Field Services industry in the United States over the next 5 years?
Over the next five years, the Oil & Gas Field Services industry in the United States is expected to grow.
What are the biggest companies in the Oil & Gas Field Services industry in the United States?
The biggest companies operating in the Oil & Gas Field Services industry in the United States are Halliburton Company, Schlumberger Limited and Nabors Industries ltd
What does the Oil & Gas Field Services industry in the United States include?
Drilling oil and gas wells and Surveying wells are part of the Oil & Gas Field Services industry in the United States.
Which companies have the highest market share in the Oil & Gas Field Services industry in the United States?
The company holding the most market share in the Oil & Gas Field Services industry in the United States is Halliburton Company.
How competitive is the Oil & Gas Field Services industry in the United States?
The level of competition is high and increasing in the Oil & Gas Field Services industry in the United States.
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