Oil Drilling & Gas Extraction in the US - Industry Market Research Report

Oil Drilling & Gas Extraction in the US

Bubblin' crude

Despite a dip during the recession, the industry has experienced overall growth in the past five years. Currently, industry firms are acquiring natural gas wells in the expectation that natural gas prices will rise to meet demand from electricity generators and other downstream customers. During the next five years, industry performance will gain ground in response to rising oil and gas prices and higher levels of output. Increases in oil and gas prices are projected to occur on the back of sustained global economic growth as emerging economies grow rapidly and developing countries expand.

Firms in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Firms may operate oil and gas wells on their own account or for others on a contract or fee basis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.