This study analyzes the US market for products used in drilling oil and natural gas wells. It presents historical US demand data (1997, 2007, 2007 and forecasts for the years 2012 and 2017 by equipment and consumables (e.g., drilling rigs, drill bits, downhole pipe, measuring and control equipment); services (contract drilling, directional control, logging, chemical); and drilling fluids. This study also considers market environment factors, evaluates market share and profiles leading industry competitors.