US drilling product and service demand will reach $48.4 billion in 2012. Rising oil prices have made more projects profitable, and drilling them often involves higher costs (e.g., horizontal and directional drilling, deepwater fields). Services and fluids will be the fastest growing areas, while the Southern and Western regions lead gains. This study analyzes the US drilling product and service industry. It presents historical demand data for the years 1997, 2002 and 2007, and forecasts for 2012 and 2017 by service (e.g., contract drilling, logging, directional drilling control, coiled tubing); product (e.g., tubular goods, drilling rigs, downhole tools, drill bits and reamers, pumps and valves, drilling fluids); and US geographic subregion. The study also considers market environment factors, details industry structure, evaluates company market share and profiles 26 major players including Nabors Industries, National Oilwell Varco, Baker Hughes, Patterson-UTI Energy, and Halliburton.
Freedonia Market Research—Reports provide industry insights targeting market size, product and market segmentation, product and market forecasts, industry composition, market leaders and business trends.
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