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Hydraulic Fracturing Services in the US Procurement Price, Data and Insights
Suppliers of hydraulic fracturing services for oil and natural gas extraction, commonly known as fracing or fracking, use a highly pressurized liquid solution primarily composed of water and sand to create fractures in rock formations below the surface of the Earth. Providers of this service help buyers obtain higher yields of oil and natural gas during their operations. Key buyers include oil drilling and extraction firms, natural gas drilling and extraction firms, and uranium mining firms.
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What’s included in this market coverage
IBISWorld's research coverage on the Hydraulic Fracturing Services procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Hydraulic Fracturing Services market in the United States includes Hydraulic Fracturing of Horizontal Wells, Hydraulic Fracturing of Vertical Wells, Offshore Hydraulic Fracturing Services, Onshore Hydraulic Fracturing Services, Well Stimulation and Fracturing Fluids. Standard coding in this coverage includes ISIC-091-Support activities for petroleum and natural gas extraction, NACE-09.10-Support Activities For Petroleum And Natural Gas Extraction, NAICS-213112-Support Activities for Oil and Gas Operations and UNSPSC-71131000-Well fracturing services.
What common market terminology is included?
Common market terminology included in the Hydraulic Fracturing Services procurement coverage includes Proppant (A solid material used to wedge a fracture open during hydraulic fracturing operations. Common materials used are sand and man-made ceramic granules.), Matrix Acidization (A well stimulation process that improves the permeability of a well's reservoir formation by attacking impediments in it without fracturing them.), Word of Mouth (A form of transferring information through verbal communication.), Environmental Protection Agency (EPA) (A federal agency designed to maintain human health and environmental safety.) and Safe Drinking Water Act (SDWA) (The main federal law that ensures the quality of drinking water in the United States.).
What companies are included as top suppliers?
The top companies covered in the Hydraulic Fracturing Services procurement report as suppliers are CalFrac Well Services Ltd., Technipfmc Plc, Baker Hughes Company, Schlumberger Limited and ProPetro Holding Corp..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Hydraulic Fracturing Services market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per well, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Hydraulic Fracturing Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Hydraulic Fracturing Services procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Hydraulic Fracturing Services market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Hydraulic Fracturing Services market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
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Frequently Asked Questions
What is the current market price for Hydraulic Fracturing Services?
The 2026 benchmark market price for Hydraulic Fracturing Services is $4.1 per well. Prices have declined at a CAGR of 0 from 2023-26.
Who are the top vendors in the Hydraulic Fracturing Services market?
The top vendors in the Hydraulic Fracturing Services market include CalFrac Well Services Ltd., Technipfmc Plc, Baker Hughes Company, Schlumberger Limited and ProPetro Holding Corp..
What industries supply the Hydraulic Fracturing Services market?
The top industries supplying the Hydraulic Fracturing Services market are Industrial Machinery & Equipment Wholesaling in the US, Electrical Equipment Manufacturing in the US, Iron & Steel Manufacturing in the US, Truck & Bus Manufacturing in the US, Automobile Engine & Parts Manufacturing in the US and Tire Wholesaling in the US.
What is the supply chain risk for Hydraulic Fracturing Services?
High market concentration increases supplier power and limits negotiation leverage. The market for hydraulic fracturing services is highly concentrated as market volatility has forced numerous large operators to exit the market. While some competition survives among smaller and midsized vendors, the dominance of larger players means buyers face restricted choice and reduced ability to drive prices or contract flexibility. Buyers should mitigate risk by leveraging multi-year agreements, conducting rigorous supplier evaluations, and pursuing strategic sourcing with smaller or midsized vendors where feasible to preserve leverage.
What factors affect the price of Hydraulic Fracturing Services?
Geological complexity refers to the variations in rock formations, including stratigraphy, faulting, and porosity, which significantly affect the effectiveness of hydraulic fracturing. Areas with high geological complexity, such as offshore formations, may require more advanced techniques, leading to higher service costs due to the need for specialized equipment and longer operation times.
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