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Oil & Gas Well Drilling

Publisher First Research, Inc.
Published Jan 20, 2026
SKU # FRRS20830163

Description

Brief Excerpt from Industry Overview Chapter:

Companies in this industry specialize in drilling oil and gas wells for others on a contract or fee basis. Major companies include Noble Offshore, Helmerich & Payne, Nabors, and Patterson-UTI (all based in the US), as well as Precision Drilling (Canada), Transocean (Switzerland), and Valaris (UK).

Worldwide, drilling locations are determined by oil and gas production and reserves. Some of the largest oil and gas reserves during 2024 are in Venezuela, Saudi Arabia, Iran, Canada, and Iraq, according to the Organization of the Petroleum Exporting Countries (OPEC) report. The global refining distillation capacity will increase significantly between 2023 and 2030, according to the International Energy Agency (IEA).

The US oil and gas well drilling industry includes about 2,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $20 billion. Oil and gas field services other than drilling are covered in a separate industry profile.

Table of Contents

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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