The Cementing Oil and Gas Well Services industry has been highly volatile over the past five years due to massive fluctuations in crude oil and natural gas prices. Revenue moves in line with demand from oil and gas extraction companies, which in turn adjust production levels to the prices of their respective commodities. Nevertheless, improvements in oil and gas extraction, among them the increased prevalence of hydraulic fracturing, or fracking, have enabled greater access to domestic oil and gas deposits, underpinning a long-term increase in demand for industry services. Revenue is therefore expected to contract sharply in 2015 due to sliding oil prices, but continue growing through 2020 as oil and gas prices resume their upward trend.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.