Black gold: Demand for industry services will increase in response to rising commodity prices

Operators in the Oil and Gas Field Services industry in Colorado 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. Over the five years to 2018, the industry has declined in response to downturns in the prices of crude oil and natural gas, which fell at annualized rates of 9.8% and 13.4%, respectively. As the fortunes of oil and gas extractors are tied to the prices of these commodities, so too are those of CO oil and gas field service providers...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
-6.7%
Forecast Growth 18-23
Profit
Employment
15,985
Businesses
1,451

Industry Threats & Opportunities

  • Revenue for the CO industry is expected to rebound over the coming five years
  • Additional Insights for the Oil & Gas Field Services in Colorado Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Gas Field Services in Colorado 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 World price of natural gas in the Oil & Gas Field Services in Colorado industry impact industry performance..

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    What's in this report

    What is the Oil & Gas Field Services in Colorado 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
  • Oil drilling services
  • Natural gas drilling services
  • Oilfield support services
  • Natural gas well support services
  • Coal mining services
  • Metal mining services
  • Nonmetallic mining services
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • World price of crude oil
  • World price of natural gas
  • Access to credit in Colorado
  • World price of steaming coal

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

  • 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
  • Oilfield support services
  • Natural gas well support services
  • Oil drilling services
  • Natural gas drilling services
  • Coal mining services
  • Metal mining services
  • Nonmetallic mining services
  • Chart: Oil & Gas Field Services in Colorado Industry Products and Services Segmentation

  • Major Markets
  • Oil extractors
  • Gas extractors
  • Coal mining industry
  • Metallic ore mining industry
  • Nonmetallic ore mining industry
  • Chart: Major Market Segmentation for the Oil & Gas Field Services in Colorado Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Gas Field Services in Colorado

  • Basis of Competition
    Barriers to Entry
    Halliburton Company, Helmerich & Payne Inc., Schlumberger Limited, Weatherford International PLC,
  • Table: Halliburton Company - financial performance
  • Table: Helmerich & Payne Inc. - financial performance
  • Table: Schlumberger Limited - financial performance
  • Table: Weatherford International PLC - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Oil & Gas Field Services in Colorado Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of crude oil (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Semisubmersible 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Oil & Gas Field Services in Colorado Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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 Colorado:
    • 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 Colorado 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 Colorado, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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