IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Formation Evaluation Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Formation Evaluation Services - Recent Price Trend

In the three years to 2017, the price of formation evaluation has been rising at a marginal annualized rate of about 0.6%. Although buyers benefit from the slow rate of growth, the volatility in the price of these services has been moderate. Because of this volatility, buyers have been at moderate risk of facing sudden price fluctuations, which make cost estimating and budgeting difficult.Rising...


Formation Evaluation Services - Total Cost of Ownership

The total cost of ownership for formation evaluation services is relatively low. The majority of buyers that simply purchase well logging and analysis services have no additional costs associated directly with the services. Safety risks are minimal for well logging, unlike other stages in well development; the relative absence of safety hazards minimizes total cost of ownership. Buyers of...


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About this Report

This report is intended to help buyers of formation evaluation services, also known as well logging. Formation evaluation is the process of collecting geologic data from a borehole using downhole measurements that are transmitted to the surface for physical samples. This data can be gathered at any phase of a borehole’s life, including during drilling (i.e. logging while drilling). Formation evaluation is used to determine the contents and composition of the earth adjacent to a borehole at various depths. Its main application is in oil and gas extraction, where it is used to guide reservoir development and production planning.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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