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Underbalanced Drilling Services in the US Procurement Price, Data and Insights
Underbalanced drilling is a method of drilling wells for oil and natural gas extraction in which the pressure of the wellbore is kept lower than the pressure of the formation fluids. This method helps reduce the formation damage common during conventional drilling and increases the penetration rate. When performed correctly, underbalanced drilling can increase the rate of penetration, leading to higher efficiency. Key buyers include oil and natural gas extractors, refiners, and oilfield support service providers.
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What’s included in this market coverage
IBISWorld's research coverage on the Underbalanced Drilling 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 Underbalanced Drilling Services market in the United States includes Onshore Underbalanced Drilling Services, Offshore Underbalanced Drilling Services, Managed Pressure Drilling Services, Near-balanced Drilling Services, Underbalanced Gas Well Drilling Services and Underbalanced Oil Well Drilling Services. 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-213111-Drilling Oil and Gas Wells and UNSPSC-71121629-Underbalanced well drilling services.
What common market terminology is included?
Common market terminology included in the Underbalanced Drilling Services procurement coverage includes Overbalanced Drilling (A more conventional method of drilling in which the wellbore pressure is kept higher than the pressure of the formation fluids, such as oil and natural gas. This method prevents formation fluids from entering the wellbore.), Horizontal Drilling (A method of drilling in which the drill stops descending at a certain depth and continues drilling parallel to the surface.), Wellbore (The drilled hole or borehole, which includes the uncased portion of the well.), Slant Drilling (A method of drilling in which the wellbore is drilled at an angle, typically between 30 and 45 degrees.), Formation Fluids (The naturally occurring liquids and gases within the pores of a rock.), Pay (Also known as a pay zone; a reservoir that contains economically producible hydrocarbons.) and Wellbore (The drilled hole or borehole, which includes the uncased portion of the well.).
What companies are included as top suppliers?
The top companies covered in the Underbalanced Drilling Services procurement report as suppliers are Beyond Energy Services & Technology Corp., Precision Air Drilling Services Inc., Air Drilling Associates Inc., Nabors Industries Ltd and Nov Inc..
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Underbalanced Drilling 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 day, 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 Underbalanced Drilling Services market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Underbalanced Drilling 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 Underbalanced Drilling 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 Underbalanced Drilling 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 Underbalanced Drilling Services?
The 2026 benchmark market price for Underbalanced Drilling Services is $81400 per day. Prices have increased at a CAGR of 1.17 from 2023-26.
Who are the top vendors in the Underbalanced Drilling Services market?
The top vendors in the Underbalanced Drilling Services market include Beyond Energy Services & Technology Corp., Precision Air Drilling Services Inc., Air Drilling Associates Inc., Nabors Industries Ltd and Nov Inc..
What industries supply the Underbalanced Drilling Services market?
The top industries supplying the Underbalanced Drilling Services market are Chemical Wholesaling in the US, Inorganic Chemical Manufacturing in the US, Organic Chemical Manufacturing in the US, Fuel Dealers in the US, Petroleum Refining in the US, Industrial Machinery & Equipment Wholesaling in the US and Mining, Oil & Gas Machinery Manufacturing in the US.
What is the supply chain risk for Underbalanced Drilling Services?
Moderate market concentration supports some price competition depending on the supplier. The underbalanced drilling services market has a moderate level of market share concentration, indicating that some larger vendors account for a significant portion of revenue and somewhat influence market prices. However, the market still has an ample number of smaller vendors operating with a high level of competition, thus encouraging price competition. Buyers should look to contract with these vendors if viable, as it can strengthen negotiation power when contracting services from small to midsize suppliers.
What factors affect the price of Underbalanced Drilling Services?
Location affects the price of underbalanced drilling services due to factors such as proximity to oil and gas reserves, regional demand, and logistical costs. For instance, services in remote areas or regions with limited infrastructure may incur higher transportation and operational costs, leading to increased pricing compared to locations with established drilling operations and easier access to resources.
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