US demand for drilling products and services will rise 8.1 percent annually through 2014, as oil and gas drilling activity benefit from relatively high oil prices and US efforts to reduce reliance on foreign energy sources. Services will account for most gains, driven mainly by the high cost of drilling marginal wells.
This study analyzes the $30.1 billion US drilling product and service industry. It presents historical demand data for the years 1999, 2004 and 2009, and forecasts for 2014 and 2019 by product (e.g., tubular goods, drilling rigs, downhole tools), service (e.g., contract drilling, logging and measurement, directional drilling control), fluid and US regional and key state market.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 27 industry players, including National Oilwell Varco, Halliburton and Baker Hughes.