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Study #: 2655

Published: 07/2010

Pages: 282

Full Study Price: US$ 4,800

Per Page Price: US$ 35.00 (text) | 60.00 (table)

Drilling Products & Services to 2014 - Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

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.

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				    TABLE OF CONTENTS

     SECTION									    PAGE

		Introduction							       x

	I.	Executive Summary						       1

	II.	Market Environment						       4
		General								       4
		Macroeconomic Environment					       5
		Petroleum & Natural Gas Outlook					       9
		   Petroleum							      12
		      Exploration & Reserves					      14
		      Production						      16
		      Drilling							      20
		      Pricing							      23
		   Natural Gas							      25
		      Exploration & Reserves					      27
		      Production						      29
		      Drilling							      33
		      Pricing							      35
		Drilling Outlook						      37
		Drilling Rigs							      39
		Historical Market Trends					      41
		Pricing for Selected Drilling Products & Services		      43
		Environmental & Regulatory Considerations			      45
		Foreign Trade							      48
		International Environment					      50
		   World Oil & Gas Reserves					      51
		      Petroleum							      52
		      Natural Gas						      54
		   World Oil & Gas Production					      56
		   World Oil & Gas Drilling					      59
		   World Drilling Products & Services Outlook			      61

	III.	Overview							      62
		Supply & Demand							      62
		Drilling Technology						      64
		   Directional Drilling						      66
		   Horizontal Drilling						      67
		   Expandable Technologies					      68
		   Drilling with Casing						      69
		   Downhole Technologies					      70
		   Coiled Tubing Drilling					      71
		   Dual-Gradient Drilling					      72
		   Other Drilling Technologies					      73
		Drilling Fluids							      74
		Unconventional Sources of Natural Gas				      76
		   Coalbed Methane						      76
		   Tight Gas							      77
		   Shale Gas							      78
		Other Oilfield Technologies					      78

	IV.	Drilling Equipment & Consumables				      80
		General								      80
		Tubular Goods							      83
		Drilling Rigs							      87
		Downhole Tools							      90
		Drill Bits & Reamers						      94
		Pumps & Valves							      97
		Other Equipment & Consumables					     100
		Market Share							     102

	V.	Drilling Services						     105
		General								     105
		Contract Drilling						     107
		Logging & Measurement Services					     110
		Directional Drilling Control Services				     113
		Other Drilling Services						     114
		Market Share							     118

	VI.	Drilling Fluids							     122
		General								     122
		Product Characteristics						     123
		Demand by Type							     126
		   Water-Based							     127
		   Synthetic-Based						     128
		   Oil-Based							     129
		Demand by Location						     131
		Demand by Region						     133
		Market Share							     134

	VII.	Regional Markets						     137
		General								     137
		Oil & Gas Drilling Activity by Resource, Region & Location	     141
		Drilling Products & Services Demand by Location			     143
		   Onshore							     144
		   Offshore							     145
		   Deepwater							     146
		Drilling Products & Services Regional Overview			     147
		   Southern Region						     148
		      Drilling Activity Overview				     148
		      Drilling Products & Services Demand			     149
			Texas							     150
			Gulf of Mexico						     151
			Louisiana						     152
			New Mexico						     152
			Arkansas						     153
			Mississippi & Alabama					     154
		   Western Region						     154
		      Drilling Activity Overview				     154
		      Drilling Products & Services Demand			     156
			Colorado						     157
			Wyoming						     	     158
			California						     159
			Utah							     159
			Alaska							     159
			Montana						    	     160
			Other Western States					     160
		   Midwestern Region						     161
		      Drilling Activity Overview				     161
		      Drilling Products & Services Demand			     162
			Oklahoma						     163
			North Dakota						     164
			Other Midwestern States				             164
		   Eastern Region						     165
		      Drilling Activity Overview				     165
		      Drilling Products & Services Demand			     166
			Pennsylvania						     167
			West Virginia						     168
			Other Eastern States					     168

	VIII.	Industry Structure						     170
		General								     170
		Industry Composition & Market Share				     174
		Mergers & Acquisitions						     177
		Marketing & Distribution					     180
		Research & Development						     182
		Competitive Strategies						     184
		Company Profiles						     186
		   Aibel AS							     187
		   Aker Solutions ASA						     188
		   Atlas Copco AB						     192
		   Baker Hughes Incorporated					     194
		   BICO Drilling Tools, see Schoeller-Bleckmann Oilfield Equipment 
		   BJ Services, see Baker Hughes 
		   Cameron International Corporation				     201
		   Canrig Drilling Technology, see Nabors Industries 
		   Chem-Tech, see Schlumberger and Smith International 
		   Columbia Oilfield Supply, see Precision Drilling 
		   Diamond Offshore Drilling, see Loews 
		   Drilling Controls, see Aibel 
		   Epoch Well Services, see Nabors Industries
		   Excalibar Minerals, see Newpark Resources 
		   General Electric Company					     205
		   GEO Drilling Fluids Incorporated				     208
		   Geoservices, see Schlumberger 
		   Grant Prideco, see National Oilwell Varco 
		   Grey Wolf, see Precision Drilling 
		   Halliburton Company						     210
		   Helmerich & Payne Incorporated				     213
		   Hughes Christensen, see Baker Hughes
		   Hydril Pressure Control, see General Electric 
		   INTEQ, see Baker Hughes
		   Lafarge SA							     215
		   LeTourneau Technologies, see Rowan Companies 
		   Loews Corporation						     217
		   M-I SWACO, see Schlumberger and Smith International 
		   Nabors Industries Limited					     219
		   National Oilwell Varco Incorporated				     223
		   Newpark Resources Incorporated				     233
		   NOV Intelliserv, see National Oilwell Varco and Schlumberger 
		   OAO TMK							     235
		   Parker Drilling Company					     237
		   Patterson-UTI Energy Incorporated				     238
		   Peak Oilfield Services, see Nabors Industries 
		   Precision Drilling Corporation				     240
		   Quail Tools, see Parker Drilling 
		   Rostel Industries, see Precision Drilling 
		   Rowan Companies Incorporated					     243
		   Sandvik AB							     246
		   Schlumberger Limited						     248
		   Schoeller-Bleckmann Oilfield Equipment AG			     255
		   Smith International Incorporated				     258
		   Sperry Drilling Services, see Halliburton 
		   Spirit Drilling Fluids, see National Oilwell Varco 
		   Spirit Minerals, see National Oilwell Varco 
		   T-3 Energy Services Incorporated				     264
		   Technip SA							     267
		   Tenaris SA							     269
		   United States Steel Corporation				     271
		   V&M STAR, see Vallourec 
		   Vallourec SA							     273
		   VAM Drilling France, see Vallourec
		   VetcoGray, see General Electric 
		   Weatherford International Limited				     277
		Other Companies Active in the Industry				     280


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- Executive Summary
		Summary Table							       3

		SECTION II -- Market Environment
	1	Macroeconomic Indicators					       8
	2	US Petroleum & Natural Gas Production				      10
	3	US Petroleum Supply & Demand					      14
	4	Petroleum Drilling Indicators					      22
	5	US Natural Gas Supply & Demand					      27
	6	US Natural Gas Drilling Indicators				      34
	7	Active Drilling Rigs & Well Completions				      39
	8	Drilling Rigs							      40
	9	Drilling Products & Services Market, 1999-2009			      42
	10	Pricing for Selected Drilling Products & Services		      45
	11	Drilling Equipment & Consumables Foreign Trade			      50
	12	World Petroleum Reserves by Country, 2009			      53
	13	World Natural Gas Reserves by Country, 2009			      55
	14	World Oil & Natural Gas Production				      59
	15	World Oil & Natural Gas Drilling Activity			      60

		SECTION III -- Overview
	1	Drilling Products & Services Demand				      63

		SECTION IV -- Drilling Equipment & Consumables
	1	Drilling Equipment & Consumables Demand				      82
	2	Tubular Goods Demand by Product & Region			      87
	3	Drilling Rig Demand by Type & Region				      90
	4	Downhole Tool Demand by Product & Region			      94
	5	Drill Bit & Reamer Demand by Product & Region			      97
	6	Pump & Valve Demand by Product & Region				     100
	7	Other Equipment & Consumables Demand by Region			     102

		SECTION V -- Drilling Services
	1	Drilling Services Demand					     106
	2	Contract Drilling Demand by Location & Region			     109
	3	Logging & Measurement Services Demand by Type & Region		     112
	4	Directional Drilling Control Services Demand by Region		     114
	5	Other Drilling Services Demand by Type & Region			     118

		SECTION VI -- Drilling Fluids
	1	Drilling Fluid Demand						     123
	2	Selected Drilling Fluid Additives				     125
	3	Drilling Fluid Demand by Type					     126
	4	Water-Based Drilling Fluid Demand				     128
	5	Synthetic-Based Drilling Fluid Demand				     129
	6	Oil-Based Drilling Fluid Demand					     130
	7	Drilling Fluid Demand by Location				     133
	8	Drilling Fluid Demand by Region					     134

		SECTION VII -- Regional Markets
	1	US Oil & Gas Producing Regions					     140
	2	Oil & Gas Drilling Activity by Resource, Region & Location	     143
	3	Drilling Products & Services Demand by Location			     144
	4	Drilling Products & Services Demand by Region			     148
	5	Southern Region Drilling Rigs in Use				     149
	6	Southern Region Drilling Products & Services Demand		     150
	7	Western Region Drilling Rigs in Use				     155
	8	Western Region Drilling Products & Services Demand		     157
	9	Midwestern Region Drilling Rigs in Use				     161
	10	Midwestern Region Drilling Products & Services Demand		     163
	11	Eastern Region Drilling Rigs in Use				     166
	12	Eastern Region Drilling Products & Services Demand		     167

		SECTION VIII -- Industry Structure
	1	US Drilling Products & Services Sales by Company, 2009		     172
	2	Selected Acquisitions & Divestitures				     179
	3	Research & Development Expenditures for Selected Drilling 
		   Product & Service Firms					     184

			      LIST OF CHARTS

    CHART NUMBER								    PAGE
	
		SECTION II -- Market Environment
	1	Natural Gas & Crude Oil Prices, 1999-2009			      11
	2	US Petroleum Reserves, 1999-2009				      16
	3	US Petroleum Production, 1999-2009				      17
	4	Crude Oil Producing States, 2009				      19
	5	Petroleum Drilling Indicators, 1999-2009			      22
	6	Crude Oil Prices, 1999-2009					      25
	7	US Natural Gas Reserves, 1999-2009				      29
	8	US Natural Gas Production, 1999-2009				      31
	9	Natural Gas Producing States, 2009				      32
	10	US Natural Gas Drilling Indicators, 1999-2009			      34
	11	Natural Gas Prices, 1999-2009					      36
	12	Drilling Products & Services Market, 1999-2009			      43

		SECTION III -- Overview
	1	Drilling Products & Services Demand by Type, 2009		      64

		SECTION IV -- Drilling Equipment 
		   & Consumables
	1	Drilling Equipment & Consumables Demand by Type, 2009		      83
	2	Drilling Equipment & Consumables Market Share, 2009		     104

		SECTION V -- Drilling Services
	1	Drilling Services Demand by Type, 2009				     107
	2	Drilling Services Market Share, 2009				     121

		SECTION VI -- Drilling Fluids
	1	Drilling Fluid Market Share, 2009				     136


		SECTION VIII -- Industry Structure
	1	US Drilling Products & Services Market Share, 2009		     174


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