Digging deep: Rising demand will aid the industry, but regulation will limit growth

IBISWorld’s Industry Market Report on Oil & Gas Field Services in New York 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.


Industry Threats & Opportunities

  • Demand will increase, but persistently low natural gas prices will constrain growth
  • Recent technological improvements and perfected techniques have led to rapid growth in the level of oil and gas production
  • With the price of oil and gas expected to grow, demand for extraction operations will rise, benefitting the industry

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    Industry Analysis & Industry Trends

    Because natural gas producers are the key downstream buyers of industry services, the health of the natural gas market plays a significant role in the performance of the Oil and Gas Field Services industry in New York. Growth in the price of natural gas makes business more profitable for natural gas producers, resulting in rising demand for industry services. However, natural gas prices have been highly volatile and have dropped rapidly during the latter half of the five year period. This has resulted in volatility in revenue for the oil and gas field services industry. Nonetheless, overall growth in the price of natural gas has helped support revenue growth slightly. The price of natural gas is anticipated to continue driving revenue growth over the next five years...

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    Industry Report - Industry Analysis Chapter

    The Oil and Gas Field Services industry in New York provides support services to upstream crude oil, natural gas and mineral extraction companies. Key services offered to these industries include drilling services, well maintenance and servicing, completion services, plugging and abandonment, stimulation services and surveying and exploration services. Both crude oil and natural gas are not abundant resources in New York. However, small areas of New York have mineral rich deposits, encouraging operators to cater to extraction companies throughout the state.

    Natural gas is the primary hydrocarbon drilled for and extracted in New York, with crude oil comprising only a small percentage of industry revenue. Ove..

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    Additional Insights for the Oil & Gas Field Services in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil & Gas Field Services in New York 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 Price of natural gas and US energy production in the Oil & Gas Field Services in New York industry impact industry performance..

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    Industry Products

    What is the Oil & Gas Field Services in New York 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
    Support activities for oil and gas operations
    Drilling oil and gas wells
    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
  • Price of natural gas
  • US energy production
  • Regulation for the Mining sector
  • World price of crude oil

  • Current Performance
  • Unstable natural gas prices
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Commodities undergo price growth
  • Future industry landscape
  • Table: Oil & Gas Field Services in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil & Gas Field Services in New York 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 New York Industry Products and Services Segmentation

  • Major Markets
  • Natural gas extractors
  • Mineral extractors
  • Crude oil extractors
  • Chart: Major Market Segmentation for the Oil & Gas Field Services in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Oil & Gas Field Services in New York

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Major Companies
    Halliburton CompanyGas Field Specialists Inc.DLH Energy ServiceS. St. George Enterprises Inc.
  • Table: Halliburton Company - financial performance
  • Table: Gas Field Specialists Inc. - financial performance
  • Table: DLH Energy Service - financial performance
  • Table: S. St. George Enterprises Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil & Gas Field Services in New York 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 New York Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Price of natural gas (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 New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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