Overview

Digging deep: The industry is expected to turn the corner as crude oil prices are anticipated to rise steadily once again

IBISWorld’s Industry Market Report on Oil & Gas Field Services in California is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry looks poised for a rebound in 2017 due to increasing oil prices
  • Fortunes reversed for industry participants as production companies slashed budgets
  • OPEC is implementing production cuts to ease the global supply glut

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    Industry Analysis & Industry Trends

    The five years to 2017 proved quite difficult for the Oil and Gas Field Services industry in California as operators across the globe struggled to cope with severely depressed crude oil prices. As a result, industry revenue is expected to fall over the five years to 2017. However, the industry looks poised for a rebound in 2017; as crude oil prices rise once again, upstream oil and gas producers will increase exploration and production budgets, benefiting industry operators. As a result, IBISWorld expects industry revenue to increase over the five years to 2022...

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    Industry Report - Industry Analysis Chapter

    The Oil and Gas Field Services industry in California provides support services to upstream crude oil, natural gas and mineral extractors, including surveying, completion services and ore exploration, among others. Crude oil extraction accounts for the vast majority of industry revenue, highlighting its importance to the industry. Over the five years to 2017, imbalance between global supply and demand levels negatively impacted prices of key commodities, especially crude oil, pressuring key markets for this industry. As a result, industry revenue is expected to fall an annualized 7.6% over the five years to 2017 to $2.4 billion.

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    Additional Insights for the Oil & Gas Field Services in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Gas Field Services in California Industry are

  • Having a high prior success rate (including completed prior contracts)
  • Use of most efficient work practices
  • Optimum capacity utilization
  • IBISWorld analysts also discuss how external factors such as World price of crude oil and Annual Crude Oil Production in California in the Oil & Gas Field Services in California industry impact industry performance..

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    Industry Products

    What is the Oil & Gas Field Services in California 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
    Drilling oil and gas wells
    Support activities for oil and gas operations
    Support activities for mining
    Industry Activities
    Drilling oil and gas wells
    Surveying wells
    Running, cutting and pulling casings, tubes and rods
    Cementing wells
    Perforating well casings
    Acidizing and chemically treating wells
    Coal exploration
    Metal ore exploration
    Nonmetallic mineral ore exploration
    Contract mining

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • Annual Crude Oil Production in California
  • Price of natural gas
  • Regulation for the Mining sector

  • Current Performance
  • Global oil and gas uncertainty
  • Combatting low prices with low prices
  • Chart: Revenue Growth

  • Industry Outlook
  • A slow road back to normalcy
  • Renewed demand fuels expansion and employment
  • Regulatory concerns abound
  • Table: Oil & Gas Field Services in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil & Gas Field Services in California Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Coal Mining
  • Gold & Silver Ore Mining
  • Molybdenum & Metal Ore Mining
  • Sand & Gravel Mining

  • Key Selling Industries
  • Engineering Services
  • Geophysical Services
  • Mining, Oil & Gas Machinery Manufacturing
  • Ocean & Coastal Transportation
  • Surveying & Mapping Services

  • Products & Services
  • Support activities for oil and gas operations
  • Drilling oil and gas wells
  • Support activities for mining
  • Chart: Oil & Gas Field Services in California Industry Products and Services Segmentation

  • Major Markets
  • Crude oil extractors
  • Natural gas and mineral extractors
  • Chart: Major Market Segmentation for the Oil & Gas Field Services in California Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Gas Field Services in California

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil & Gas Field Services in California Industry

  • Major Companies
    Halliburton CompanySchlumberger LimitedBaker Hughes Inc.Nabors Industries Ltd.Weatherford International Plc.
  • Table: Halliburton Company - financial performance
  • Table: Schlumberger Limited - financial performance
  • Table: Baker Hughes Inc. - financial performance
  • Table: Nabors Industries Ltd. - financial performance
  • Table: Weatherford International Plc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil & Gas Field Services in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil & Gas Field Services in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Annual Crude Oil Production in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Day Rate
  • The daily price charged to a producer for a drill rig, drilling and associated costs of personnel and routine supplies.
  • Daywork Contract
  • A work agreement that outlines a basic day rate when drilling and lower rates when the rig is moving or when drilling operations are interrupted or restricted.
  • Drilling Rig
  • A machine used to drill holes for oil and natural gas wells.
  • Drillship
  • A ship fitted with oil and gas drilling equipment.
  • Hydraulic Fracturing (Fracking)
  • The process of using pressurized water, chemical additives and propping agents to fracture rock layers and release petroleum, natural gas or other substances so that they can be extracted.
  • Jack-Up Rig
  • An offshore oil rig with a floating hull and retractable legs that can be lowered to the seabed for support.
  • Semi-Submersible Rig
  • A mobile offshore drilling or production unit that floats on the water's surface above the subsea wellhead and is held in position either by anchors or dynamic positioning.
  • Well Logging
  • The practice of making a detailed record (a well log) of the geologic formations penetrated by a borehole.
  • Workover
  • The repair or stimulation of an existing production well for the purpose of restoring, prolonging or enhancing the production of hydrocarbons.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil & Gas Field Services in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil & Gas Field Services in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil & Gas Field Services in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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