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

  • ID: 16660
  • Report
  • May 2021
  • Region: United States
  • 48 pages
  • IBISWorld
Digging Deep: as Global Oil Demand Recovers, Industry Revenue is Projected to Grow

Oil Drilling & Gas Extraction in the US

The Oil and Gas Extraction industry has been challenged in recent years by a decline in oil and natural gas prices, and revenue contracted over the past five years due to steep price drops in 2015 and 2016. However, domestic production of oil and gas steadily increased over the five years to 2018, and industry operators positioned themselves to perform strongly as prices rise over the five years to 2023. Moving forward, the industry is also expected to increasingly hinge on improvements in drilling technology and techniques. As industry operators deplete their reserves, it will become necessary to improve efficiency and minimize waste. Over the five years to 2023, the analyst expects industry revenue to rebound in line with an expected increase in commodity prices.

Companies 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. Companies 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.

Note: Product cover images may vary from those shown
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
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ConocoPhillips Company
  • BP PLC
  • Chevron Corp.
  • Exxon Mobil Corporation
Note: Product cover images may vary from those shown

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