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Directional Drilling Market in North America 2024-2028

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    Report

  • 136 Pages
  • February 2024
  • Region: North America
  • TechNavio
  • ID: 5942000
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The directional drilling market in North America is forecasted to grow by USD 1.99 bn during 2023-2028, accelerating at a CAGR of 8.04% during the forecast period. The report on the directional drilling market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investments in upstream oil and gas sector, increasing demand for oil and gas worldwide, and growing activities related to horizontal wells.

The directional drilling market in North America is segmented as below:

By Application

  • Onshore
  • Offshore

By Technique

  • Rotary steerable system
  • Conventional methods
This study identifies the emergence of automation in directional drilling as one of the prime reasons driving the directional drilling market in North America growth during the next few years. Also, rise in deepwater and ultra-deepwater E and P activities and discovery of new oil and gas resources will lead to sizable demand in the market.

The report on the directional drilling market in North America covers the following areas:

  • Directional drilling market in North America sizing
  • Directional drilling market in North America forecast
  • Directional drilling market in North America industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading directional drilling market in North America vendors that include APA Corp., Baker Hughes Co., Cathedral Energy Services, Chevron Corp., Direct Horizontal Drilling, Granite Construction Inc., Halliburton Co., Intrepid, Laney Drilling, LEAM Drilling Services, Nabors Industries Ltd., NOV Inc., RPB Industries Group, Scientific Drilling International, Stryker Directional, Terra Contracting, Texas Directional Boring, Texas Roc Contracting, Vermeer Corp., and Weatherford International Plc. Also, the directional drilling market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technique
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
4 Historic Market Size
4.1 Directional drilling market in North America 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on directional drilling market in north America 2018 - 2022 ($ billion)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
4.3 Technique Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Technique Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 29: Chart on Application - Market share 2023-2028 (%)
Exhibit 30: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 31: Chart on Comparison by Application
Exhibit 32: Data Table on Comparison by Application
6.3 Onshore - Market size and forecast 2023-2028
Exhibit 33: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 34: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibit 36: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
6.4 Offshore - Market size and forecast 2023-2028
Exhibit 37: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 38: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibit 40: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
Exhibit 41: Market opportunity by Application ($ billion)
Exhibit 42: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by Technique
7.1 Market segments
Exhibit 43: Chart on Technique - Market share 2023-2028 (%)
Exhibit 44: Data Table on Technique - Market share 2023-2028 (%)
7.2 Comparison by Technique
Exhibit 45: Chart on Comparison by Technique
Exhibit 46: Data Table on Comparison by Technique
7.3 Rotary steerable system - Market size and forecast 2023-2028
Exhibit 47: Chart on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Data Table on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Chart on Rotary steerable system - Year-over-year growth 2023-2028 (%)
Exhibit 50: Data Table on Rotary steerable system - Year-over-year growth 2023-2028 (%)
7.4 Conventional methods - Market size and forecast 2023-2028
Exhibit 51: Chart on Conventional methods - Market size and forecast 2023-2028 ($ billion)
Exhibit 52: Data Table on Conventional methods - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Chart on Conventional methods - Year-over-year growth 2023-2028 (%)
Exhibit 54: Data Table on Conventional methods - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Technique
Exhibit 55: Market opportunity by Technique ($ billion)
Exhibit 56: Data Table on Market opportunity by Technique ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibit 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
Exhibit 60: Chart on Geographic comparison
Exhibit 61: Data Table on Geographic comparison
9.3 US - Market size and forecast 2023-2028
Exhibit 62: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 63: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 65: Data Table on US - Year-over-year growth 2023-2028 (%)
9.4 Canada - Market size and forecast 2023-2028
Exhibit 66: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 67: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.5 Mexico - Market size and forecast 2023-2028
Exhibit 70: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 71: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibit 73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
9.6 Market opportunity By Geographical Landscape
Exhibit 74: Market opportunity By Geographical Landscape ($ billion)
Exhibit 75: Data Table on Market opportunity By Geographical Landscape ($ billion)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 76: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 77: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 78: Overview on factors of disruption
11.4 Industry risks
Exhibit 79: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 80: Vendors covered
12.2 Market positioning of vendors
Exhibit 81: Matrix on vendor position and classification
12.3 APA Corp.
Exhibit 82: APA Corp. - Overview
Exhibit 83: APA Corp. - Product / Service
Exhibit 84: APA Corp. - Key offerings
12.4 Baker Hughes Co.
Exhibit 85: Baker Hughes Co. - Overview
Exhibit 86: Baker Hughes Co. - Business segments
Exhibit 87: Baker Hughes Co. - Key news
Exhibit 88: Baker Hughes Co. - Key offerings
Exhibit 89: Baker Hughes Co. - Segment focus
12.5 Cathedral Energy Services
Exhibit 90: Cathedral Energy Services - Overview
Exhibit 91: Cathedral Energy Services - Business segments
Exhibit 92: Cathedral Energy Services - Key offerings
Exhibit 93: Cathedral Energy Services - Segment focus
12.6 Chevron Corp.
Exhibit 94: Chevron Corp. - Overview
Exhibit 95: Chevron Corp. - Business segments
Exhibit 96: Chevron Corp. - Key news
Exhibit 97: Chevron Corp. - Key offerings
Exhibit 98: Chevron Corp. - Segment focus
12.7 Halliburton Co.
Exhibit 99: Halliburton Co. - Overview
Exhibit 100: Halliburton Co. - Business segments
Exhibit 101: Halliburton Co. - Key news
Exhibit 102: Halliburton Co. - Key offerings
Exhibit 103: Halliburton Co. - Segment focus
12.8 Intrepid
Exhibit 104: Intrepid - Overview
Exhibit 105: Intrepid - Product / Service
Exhibit 106: Intrepid - Key offerings
12.9 LEAM Drilling Services
Exhibit 107: LEAM Drilling Services - Overview
Exhibit 108: LEAM Drilling Services - Product / Service
Exhibit 109: LEAM Drilling Services - Key offerings
12.10 Nabors Industries Ltd.
Exhibit 110: Nabors Industries Ltd. - Overview
Exhibit 111: Nabors Industries Ltd. - Business segments
Exhibit 112: Nabors Industries Ltd. - Key news
Exhibit 113: Nabors Industries Ltd. - Key offerings
Exhibit 114: Nabors Industries Ltd. - Segment focus
12.11 NOV Inc.
Exhibit 115: NOV Inc. - Overview
Exhibit 116: NOV Inc. - Business segments
Exhibit 117: NOV Inc. - Key news
Exhibit 118: NOV Inc. - Key offerings
Exhibit 119: NOV Inc. - Segment focus
12.12 RPB Industries Group
Exhibit 120: RPB Industries Group - Overview
Exhibit 121: RPB Industries Group - Product / Service
Exhibit 122: RPB Industries Group - Key offerings
12.13 Scientific Drilling International
Exhibit 123: Scientific Drilling International - Overview
Exhibit 124: Scientific Drilling International - Product / Service
Exhibit 125: Scientific Drilling International - Key offerings
12.14 Terra Contracting
Exhibit 126: Terra Contracting - Overview
Exhibit 127: Terra Contracting - Product / Service
Exhibit 128: Terra Contracting - Key offerings
12.15 Texas Directional Boring
Exhibit 129: Texas Directional Boring - Overview
Exhibit 130: Texas Directional Boring - Product / Service
Exhibit 131: Texas Directional Boring - Key offerings
12.16 Vermeer Corp.
Exhibit 132: Vermeer Corp. - Overview
Exhibit 133: Vermeer Corp. - Product / Service
Exhibit 134: Vermeer Corp. - Key offerings
12.17 Weatherford International Plc
Exhibit 135: Weatherford International Plc - Overview
Exhibit 136: Weatherford International Plc - Business segments
Exhibit 137: Weatherford International Plc - Key news
Exhibit 138: Weatherford International Plc - Key offerings
Exhibit 139: Weatherford International Plc - Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 140: Inclusions checklist
Exhibit 141: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 142: Currency conversion rates for US$
13.4 Research methodology
Exhibit 143: Research methodology
Exhibit 144: Validation techniques employed for market sizing
Exhibit 145: Information sources
13.5 List of abbreviations
Exhibit 146: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Technique
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 16: Chart on North America: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
Exhibits 18: Historic Market Size - Data Table on directional drilling market in north America 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits 20: Historic Market Size - Technique Segment 2018 - 2022 ($ billion)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
Exhibits 22: Five forces analysis - Comparison between 2023 and 2028
Exhibits 23: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 24: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 28: Chart on Market condition - Five forces 2023 and 2028
Exhibits 29: Chart on Application - Market share 2023-2028 (%)
Exhibits 30: Data Table on Application - Market share 2023-2028 (%)
Exhibits 31: Chart on Comparison by Application
Exhibits 32: Data Table on Comparison by Application
Exhibits 33: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 34: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 35: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 36: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 37: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 38: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 39: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 40: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 41: Market opportunity by Application ($ billion)
Exhibits 42: Data Table on Market opportunity by Application ($ billion)
Exhibits 43: Chart on Technique - Market share 2023-2028 (%)
Exhibits 44: Data Table on Technique - Market share 2023-2028 (%)
Exhibits 45: Chart on Comparison by Technique
Exhibits 46: Data Table on Comparison by Technique
Exhibits 47: Chart on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
Exhibits 48: Data Table on Rotary steerable system - Market size and forecast 2023-2028 ($ billion)
Exhibits 49: Chart on Rotary steerable system - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Rotary steerable system - Year-over-year growth 2023-2028 (%)
Exhibits 51: Chart on Conventional methods - Market size and forecast 2023-2028 ($ billion)
Exhibits 52: Data Table on Conventional methods - Market size and forecast 2023-2028 ($ billion)
Exhibits 53: Chart on Conventional methods - Year-over-year growth 2023-2028 (%)
Exhibits 54: Data Table on Conventional methods - Year-over-year growth 2023-2028 (%)
Exhibits 55: Market opportunity by Technique ($ billion)
Exhibits 56: Data Table on Market opportunity by Technique ($ billion)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Chart on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 59: Data Table on Market share By Geographical Landscape - 2023-2028 (%)
Exhibits 60: Chart on Geographic comparison
Exhibits 61: Data Table on Geographic comparison
Exhibits 62: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 63: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibits 64: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 65: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 66: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibits 67: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
Exhibits 68: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 69: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 70: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibits 71: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibits 72: Chart on Mexico - Year-over-year growth 2023-2028 (%)
Exhibits 73: Data Table on Mexico - Year-over-year growth 2023-2028 (%)
Exhibits 74: Market opportunity By Geographical Landscape ($ billion)
Exhibits 75: Data Table on Market opportunity By Geographical Landscape ($ billion)
Exhibits 76: Impact of drivers and challenges in 2023 and 2028
Exhibits 77: Overview on Criticality of inputs and Factors of differentiation
Exhibits 78: Overview on factors of disruption
Exhibits 79: Impact of key risks on business
Exhibits 80: Vendors covered
Exhibits 81: Matrix on vendor position and classification
Exhibits 82: APA Corp. - Overview
Exhibits 83: APA Corp. - Product / Service
Exhibits 84: APA Corp. - Key offerings
Exhibits 85: Baker Hughes Co. - Overview
Exhibits 86: Baker Hughes Co. - Business segments
Exhibits 87: Baker Hughes Co. - Key news
Exhibits 88: Baker Hughes Co. - Key offerings
Exhibits 89: Baker Hughes Co. - Segment focus
Exhibits 90: Cathedral Energy Services - Overview
Exhibits 91: Cathedral Energy Services - Business segments
Exhibits 92: Cathedral Energy Services - Key offerings
Exhibits 93: Cathedral Energy Services - Segment focus
Exhibits 94: Chevron Corp. - Overview
Exhibits 95: Chevron Corp. - Business segments
Exhibits 96: Chevron Corp. - Key news
Exhibits 97: Chevron Corp. - Key offerings
Exhibits 98: Chevron Corp. - Segment focus
Exhibits 99: Halliburton Co. - Overview
Exhibits 100: Halliburton Co. - Business segments
Exhibits 101: Halliburton Co. - Key news
Exhibits 102: Halliburton Co. - Key offerings
Exhibits 103: Halliburton Co. - Segment focus
Exhibits 104: Intrepid - Overview
Exhibits 105: Intrepid - Product / Service
Exhibits 106: Intrepid - Key offerings
Exhibits 107: LEAM Drilling Services - Overview
Exhibits 108: LEAM Drilling Services - Product / Service
Exhibits 109: LEAM Drilling Services - Key offerings
Exhibits 110: Nabors Industries Ltd. - Overview
Exhibits 111: Nabors Industries Ltd. - Business segments
Exhibits 112: Nabors Industries Ltd. - Key news
Exhibits 113: Nabors Industries Ltd. - Key offerings
Exhibits 114: Nabors Industries Ltd. - Segment focus
Exhibits 115: NOV Inc. - Overview
Exhibits 116: NOV Inc. - Business segments
Exhibits 117: NOV Inc. - Key news
Exhibits 118: NOV Inc. - Key offerings
Exhibits 119: NOV Inc. - Segment focus
Exhibits 120: RPB Industries Group - Overview
Exhibits 121: RPB Industries Group - Product / Service
Exhibits 122: RPB Industries Group - Key offerings
Exhibits 123: Scientific Drilling International - Overview
Exhibits 124: Scientific Drilling International - Product / Service
Exhibits 125: Scientific Drilling International - Key offerings
Exhibits 126: Terra Contracting - Overview
Exhibits 127: Terra Contracting - Product / Service
Exhibits 128: Terra Contracting - Key offerings
Exhibits 129: Texas Directional Boring - Overview
Exhibits 130: Texas Directional Boring - Product / Service
Exhibits 131: Texas Directional Boring - Key offerings
Exhibits 132: Vermeer Corp. - Overview
Exhibits 133: Vermeer Corp. - Product / Service
Exhibits 134: Vermeer Corp. - Key offerings
Exhibits 135: Weatherford International Plc - Overview
Exhibits 136: Weatherford International Plc - Business segments
Exhibits 137: Weatherford International Plc - Key news
Exhibits 138: Weatherford International Plc - Key offerings
Exhibits 139: Weatherford International Plc - Segment focus
Exhibits 140: Inclusions checklist
Exhibits 141: Exclusions checklist
Exhibits 142: Currency conversion rates for US$
Exhibits 143: Research methodology
Exhibits 144: Validation techniques employed for market sizing
Exhibits 145: Information sources
Exhibits 146: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the directional drilling market in North America: APA Corp., Baker Hughes Co., Cathedral Energy Services, Chevron Corp., Direct Horizontal Drilling, Granite Construction Inc., Halliburton Co., Intrepid, Laney Drilling, LEAM Drilling Services, Nabors Industries Ltd., NOV Inc., RPB Industries Group, Scientific Drilling International, Stryker Directional, Terra Contracting, Texas Directional Boring, Texas Roc Contracting, Vermeer Corp., and Weatherford International Plc.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is emergence of automation in directional drilling.'

According to the report, one of the major drivers for this market is the rising investments in upstream oil and gas sector.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • APA Corp.
  • Baker Hughes Co.
  • Cathedral Energy Services
  • Chevron Corp.
  • Direct Horizontal Drilling
  • Granite Construction Inc.
  • Halliburton Co.
  • Intrepid
  • Laney Drilling
  • LEAM Drilling Services
  • Nabors Industries Ltd.
  • NOV Inc.
  • RPB Industries Group
  • Scientific Drilling International
  • Stryker Directional
  • Terra Contracting
  • Texas Directional Boring
  • Texas Roc Contracting
  • Vermeer Corp.
  • Weatherford International Plc

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About the Directional Drilling Market

Directional drilling is a technology used in oil and gas exploration and production to drill wells in a specific direction. It is used to reach reservoirs that are not accessible from vertical wells, such as those located in deep water or in areas with complex geology. Directional drilling is also used to drill multiple wells from a single surface location, reducing the environmental impact of drilling operations. The technology involves the use of specialized tools and techniques to control the direction and angle of the wellbore. Directional drilling is a key technology in the oil and gas industry, allowing for the efficient and cost-effective exploration and production of hydrocarbons. It is used to access difficult-to-reach reservoirs, reduce the environmental impact of drilling operations, and increase the efficiency of production operations. Some of the major companies in the directional drilling market include Schlumberger, Halliburton, Baker Hughes, Weatherford International, and National Oilwell Varco. Show Less Read more

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