Drilling Products & Services

  • ID: 4532943
  • Report
  • 277 Pages
  • The Freedonia Group
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Drilling Products & Services

Growth in the US drilling products & services market will average 3% per year between 2014 and 2019 to reach over $70 billion, despite significant down years in 2015 and 2016. Operational and cost efficiencies developed during the oil price crash will allow for a healthy rebound in upstream activity when oil prices recover in coming years, supporting overall gains in drilling product and service expenditures.

This report segments the drilling products and services industry by products and services and region. Data is provided in millions of dollars.

Drilling products and services include:

Equipment & consumables

Services

Drilling fluids

Drilling services (including contract drilling, logging and measuring, directional drilling, and other services) will remain the largest segment through the forecast period, accounting for over 55% of the market. However, the fastest demand growth will be for drilling fluids, which will see a shift toward higher value fluids that can efficiently drill the long horizontal wells which have come to dominate overall upstream oil and gas activity in the US.

The US market is segmented by region. Regional markets covered in the study include:

Southern US

Midwestern US

Eastern US

Western US

The Southern US, which includes the single largest state market of Texas, will continue to account for well over half of all drilling product and services spending. However, the Eastern US will see the fastest advances among these regions, benefiting particularly from upstream activity in the Marcellus Shale natural gas play.

The study also includes profiles of drilling product manufacturers and service providers. Important suppliers include:

Baker Hughes

Cameron International

Ensco

General Electric

Halliburton

Helmerich & Payne

Nabors

National Oilwell Varco

Patterson-UTI

Schlumberger

Tenaris

Transocean
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INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
General
Macroeconomic Environment
Crude Oil & Natural Gas Outlook
Oil & Gas Prices
Petroleum
Exploration & Reserves
Production
Drilling
Pricing
Natural Gas
Exploration & Reserves
Production
Drilling
Pricing
Drilling Outlook
Drilling Rigs
World Oil & Gas Outlook
World Petroleum Outlook
Reserves & Exploration
Production
Pricing Patterns
World Natural Gas Outlook
Reserves & Exploration
Production
Pricing Patterns
Historical Market Trends
Pricing for Selected Drilling Products & Services
Environmental & Regulatory Considerations
Foreign Trade
World Drilling Products & Services Outlook
III. TECHNOLOGY OVERVIEW
Drilling Technology
Directional Drilling
Horizontal Drilling
Pad Drilling
Other Drilling Technologies
Drilling Rig Technology
Drilling Fluids
Unconventional Oil & Gas
Tight Oil
Shale Gas
Coalbed Methane
IV. PRODUCTS & SERVICES
Supply & Demand
Services
General
Contract Drilling
Logging & Measuring Services
Directional Drilling Services
Other Drilling Services
Market Share
Equipment & Consumables
General
Tubular Goods
Rig Equipment
Pressure Control Equipment
Drill Bits
Downhole Tools
Other Equipment & Consumables
Market Share
Drilling Fluids
General
Product Characteristics
Demand by Type
Water-Based
Oil-Based
Synthetic-Based
Demand by Location
Demand by Region
Market Share
V. REGIONAL MARKETS
General
Drilling Activity by Region
Drilling Products & Services Demand by Location
Onshore
Offshore
Deepwater
Drilling Products & Services Regional Overview
Southern Region
Drilling Activity Overview
Drilling Products & Services Demand
Texas
Gulf of Mexico
New Mexico
Louisiana
Arkansas
Mississippi & Alabama
Midwestern Region
Drilling Activity Overview
Drilling Products & Services Demand
North Dakota
Oklahoma
Ohio
Other Midwestern States
Western Region
Drilling Activity Overview
Drilling Products & Services Demand
Colorado
Wyoming
California
Utah
Alaska
Montana
Other Western States
Eastern Region
Drilling Activity Overview
Drilling Products & Services Demand
Pennsylvania
West Virginia
Other Eastern States
VI. INDUSTRY STRUCTURE
General
Market Share
Industry Restructuring
Research & Development
Marketing & Distribution
Competitive Strategies
Company Profiles
Aker Solutions ASA
Atlas Copco AB
AXON Energy Products Incorporated
Baker Hughes Incorporated
Baroid Industrial Drilling Products, see Halliburton
BICO Drilling Tools, see Schoeller-Bleckmann Oilfield Equipment
Cameron International Corporation
Canrig Drilling Technology, see Nabors Industries
Columbia Oilfield Supply, see Precision Drilling
Diamond Offshore Drilling, see Loews
Ensco plc
Excalibar Minerals, see Newpark Resources
Frank’s International NV
General Electric Company
GEO Drilling Fluids Incorporated
Geoservices, see Schlumberger
Godwin-SBO, see Schoeller-Bleckmann Oilfield Equipment
Grant Prideco, see National Oilwell Varco
Halliburton Company
Helmerich & Payne Incorporated
Hughes Christensen, see Baker Hughes
International Tubular Services, see Parker Drilling
Lafarge SA
Loews Corporation
Nabors Industries Limited
National Oilwell Varco Incorporated
Navigate Energy Services, see Nabors Industries
Newpark Resources Incorporated
NOV Intelliserv, see National Oilwell Varco and Schlumberger
OAO TMK
OneSubsea, see Cameron International and Schlumberger
Parker Drilling Company
Patterson-UTI Energy Incorporated
Precision Drilling Corporation
Quail Tools, see Parker Drilling
Robbins & Myers, see National Oilwell Varco
Rostel Industries, see Precision Drilling
Rowan Companies plc
Ryan Directional Services, see Nabors Industries
Sandvik AB
Schlumberger Limited
Schoeller-Bleckmann Oilfield Equipment AG
Seadrill Limited
Southwest Oilfield Products Incorporated
Sperry Drilling Services, see Halliburton
Stabil Drill Specialties, see Superior Energy Services
Sub Surface Tools, see Superior Energy Services
Superior Energy Services Incorporated
Technip SA
Tenaris SA
TMK IPSCO, see OAO TMK
Transocean Limited
Tuboscope, see National Oilwell Varco
United Spiral Pipe, see United States Steel
United States Steel Corporation
Vallourec SA
VAM USA, see Vallourec
Weatherford International plc
Workstrings International, see Superior Energy Services
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Oil & Gas Production & Consumption
3 Petroleum Supply & Demand
4 Crude Oil Drilling Indicators
5 Natural Gas Supply & Demand
6 Natural Gas Drilling Indicators
7 Active Drilling Rigs & Wells Drilled
8 Active & Available Drilling Rigs
9 World Oil & Gas Production by Region & Resource
10 World Crude Oil Proved Reserves by Country, 2014
11 World Natural Gas Proved Reserves by Country, 2014
12 Drilling Products & Services Market, 2004-2014
13 Pricing for Selected Drilling Products & Services
14 Drilling Equipment & Consumables Foreign Trade
SECTION IV -- PRODUCTS & SERVICES
1 Drilling Products & Services Demand
2 Drilling Services Demand
3 Contract Drilling Demand by Location & Region
4 Logging & Measuring Services Demand by Type & Region
5 Directional Drilling Services Demand by Region
6 Other Services Demand by Region
7 Drilling Equipment & Consumables Demand
8 Tubular Goods Demand by Product & Region
9 Rig Equipment Demand by Region
10 Pressure Control Equipment Demand by Product & Region
11 Drill Bit Demand by Product & Region
12 Downhole Tool Demand by Product & Region
13 Other Equipment & Consumables Demand by Region
14 Drilling Fluids Demand
15 Selected Drilling Fluid Additives
16 Drilling Fluids Demand by Type
17 Drilling Fluids Demand by Location
18 Drilling Fluids Demand by Region
SECTION V -- REGIONAL MARKETS
1 US Oil & Gas Producing Regions
2 Drilling Activity by Resource, Region, & Location
3 Drilling Products & Services Demand by Location
4 Drilling Products & Services Demand by Region
5 Southern Region Drilling Indicators
6 Southern Region Drilling Products & Services Demand
7 Midwestern Region Drilling Indicators
8 Midwestern Region Drilling Products & Services Demand
9 Western Region Drilling Indicators
10 Western Region Drilling Products & Services Demand
11 Eastern Region Drilling Indicators
12 Eastern Region Drilling Products & Services Demand
SECTION VI -- INDUSTRY STRUCTURE
1 US Drilling Products & Services Sales by Company, 2014
2 Selected Acquisitions & Divestitures
3 Research & Development Expenditures for Selected Drilling Product & Service Firms
4 Selected Cooperative Agreements
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Natural Gas & Crude Oil Prices, 2004-2014
2 US Petroleum Reserves, 2004-2014
3 Petroleum Production, 2004-2014
4 Crude Oil Producing States, 2014
5 Crude Oil Drilling Indicators, 2005-2014
6 Crude Oil Prices, 2004-2014
7 Natural Gas Reserves, 2004-2014
8 Natural Gas Production, 2004-2014
9 Natural Gas Producing States, 2014
10 Natural Gas Drilling Indicators, 2005-2014
11 Natural Gas Prices, 2004-2014
12 Drilling Products & Services Market, 2005-2014
SECTION IV -- PRODUCTS & SERVICES
1 Drilling Services Demand by Type, 2014
2 Drilling Services Market Share, 2014
3 Drilling Equipment & Consumables Demand by Type, 2014
4 Drilling Equipment & Consumables Market Share, 2014
5 Drilling Fluid Market Share, 2014
SECTION VI -- INDUSTRY STRUCTURE
1 US Drilling Products & Services Market Share, 2014
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