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Cementing Oil & Gas Well Services - Industry Market Research Report

  • August 2016
  • -
  • Ibisworld
  • -
  • 34 pages

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Digging deep: New reserves made accessible by fracking will renew demand for industry services



Abstract

Cementing Oil & Gas Well Services

Over the past five years, the industry has been highly volatile due to massive fluctuations in crude oil and natural gas prices. High levels of production in unconventional resource deposits over the past five years drove demand for industry services. However, in the past year, weak crude oil prices weighed heavily on the industry. Nonetheless, new reserves are forecast to provide renewed demand for industry operators and crude oil and natural gas prices are forecast to increase, resulting in industry revenue growth over the five years to 2021.



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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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