Digging deep: New reserves made accessible by fracking will renew demand for industry services

IBISWorld’s industry research report on Cementing Oil & Gas Well Services contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.


Industry Threats & Opportunities

  • The industry has been volatile due to fluctuations in crude oil and natural gas prices
  • Fracking has allowed companies to access shale gas, growing gas reserves
  • Price will remain the key determinant driving demand for new oil and gas wells

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    Industry Analysis & Industry Trends

    Over the past five years, the industry has been highly volatile due to massive fluctuations in crude oil and natural gas prices. High levels of production in unconventional resource deposits over the past five years drove demand for industry services. However, in the past year, weak crude oil prices weighed heavily on the industry. Nonetheless, new reserves are forecast to provide renewed demand for industry operators and crude oil and natural gas prices are forecast to increase, resulting in industry revenue growth over the five years to 2021.


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    Industry Report - Industry Key Buyers Chapter

    The Cementing Oil and Gas Well Services industry has a moderate to high level of market share concentration, with the four largest companies accounting for an estimated 55.9% of industry revenue. Concentration is high because the largest upstream oil and gas producers typically contract companies to maintain wells that require the most advanced services. The largest companies in the industry also typically supply the machinery that upstream companies use to extract resources.

    High startup costs and fierce competition for contracts create strong barriers to entry. Low natural gas prices are putting pressure on downstream demand and forcing companies to improve operating efficiency. Con..

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    Additional Insights for the Cementing Oil & Gas Well Services Industry

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

  • Ability to accommodate environment requirements
  • Effective quality control
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Demand from oil drilling and gas extraction and World price of crude oil in the Cementing Oil & Gas Well Services industry impact industry performance..

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    Industry Products

    What is the Cementing Oil & Gas Well Services Industry?

    This industry comprises establishments primarily engaged in supplying cementing, pumping and mixing services to oil and gas wells. Operators also provide cement plugging for oil and gas wells and other cement maintenance. Industry establishments are not involved in exploration activities or the drilling of oil and gas wells.

    Industry Products
    Oil well cementing
    Gas well cementing
    Oil well plugging
    Gas well plugging
    Industry Activities
    Oil and gas well cementing
    Oil and gas well plugging
    Oil and gas well cement squeezing

    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
  • Demand from oil drilling and gas extraction
  • World price of crude oil
  • World price of natural gas
  • Regulation for the Mining sector

  • Current Performance
  • Price shocks
  • Production gains
  • Expanding reserves
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Price increases
  • Productivity grows
  • Regulation and competition
  • Industry profit
  • Table: Cementing Oil & Gas Well Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cementing Oil & Gas Well Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Oil Drilling & Gas Extraction
  • Oil & Gas Field Services

  • Key Selling Industries
  • Cement Manufacturing
  • Mining, Oil & Gas Machinery Manufacturing
  • Pump & Compressor Manufacturing

  • Products & Services
  • Oil well cementing
  • Oil well plugging
  • Other
  • Gas well cementing
  • Gas well plugging
  • Chart: Cementing Oil & Gas Well Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Oil extractors
  • Gas extractors
  • Other
  • Chart: Major Market Segmentation for the Cementing Oil & Gas Well Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Cementing Oil & Gas Well Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cementing Oil & Gas Well Services Industry

  • Industry Globalization
    Major Companies
    Halliburton CompanyBaker Hughes Inc.Schlumberger LimitedWeatherford International Plc.
  • Table: Halliburton Company - financial performance
  • Table: Baker Hughes Inc. - financial performance
  • Table: Schlumberger Limited - financial performance
  • Table: Weatherford International Plc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cementing Oil & Gas Well Services 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 Cementing Oil & Gas Well Services Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • World price of crude oil (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • Casing is a large cylindrical pipe that is put together and placed into a drilled section of a borehole.
  • Hydraulic Fracturing
  • Hydraulic fracturing, or fracking, is the process used by oil and gas extractors to penetrate low permeable rock formations to access oil and gas deposits
  • Proved Reserves
  • Proved reserves refer to the amount of resources that can be recovered from a known deposit with a reasonable level of certainty.
  • Tight Oil
  • Deposits of oil and natural gas that are located in geographically impermeable and nonporous geological formations
  • Well
  • A well refers to a boring through the ground designed to acquire petroleum oil hydrocarbons or natural gases.
  • Why buy this report?

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    This report on Cementing Oil & Gas Well Services:
    • 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 Cementing Oil & Gas Well Services 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 Cementing Oil & Gas Well Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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