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Cementing Oil & Gas Well Services in the US - Industry Market Research Report

Publisher IBISWorld
Published Feb 25, 2022
Length 38 Pages
SKU # IBSS17029944

Description

Cementing Oil & Gas Well Services

Over the five years to 2019, the Cementing Oil and Gas Well Services industry has been highly volatile due to massive fluctuations in crude oil and natural gas prices. The prices of oil and gas influence the level of investment in oil drilling and gas extraction, which require support services such as cementing. Weak crude oil prices as the period began weighed heavily on the industry. Profit declined during the period as decreased demand weighted heavily on average industry margins. However, crude oil prices began to rebound in 2017 and are expected to rise for the remainder of the period. Crude oil and natural gas prices are forecast to increase over the five years to 2024. Increasing prices, coupled with access to new reserves, are expected to boost industry revenue.

This industry comprises establishments primarily engaged in supplying cementing, pumping and mixing services to oil and gas wells. Operators also provide cement plugging for oil and gas wells and other cement maintenance. Industry establishments are not involved in exploration activities or the drilling of oil and gas wells.

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.
MAJOR COMPANIES

Halliburton Company

Schlumberger Limited

Baker Hughes Company

Table of Contents

38 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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