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  5. > Drilling Products & Services : US industry forecasts for 2019 & 2024

This study analyzes US demand for products and services used in drilling oil and natural gas wells. Products include oilfield country tubular goods, rig equipment, pressure control equipment, drill bits, downhole tools, drilling fluids, and others. Also included are drilling services, such as contract drilling, logging and measurement services, directional drilling control, and all other services directly related to oilfield drilling. In this study, all of these products and services are treated in the aggregate to define the size of the market for oil and gas drilling products.
Excluded from the scope of this study are products and services related to oil and gas well completion, stimulation, workover, and production, as well as products and services related to enhanced oil recovery operations.
Historical data (2004, 2009, and 2014) and forecasts for the years 2019 and 2024 are provided for sales of drilling products and services at the aggregate level, valued in millions of current US dollars, including inflation.


The term “demand” refers to “apparent consumption” and is defined as shipments (also referred to variously as “production,” “output,” or “supply”) from domestic manufacturing facilities, plus imports, minus exports. It is used interchangeably with the terms “market,” “sales,” and “consumption.”

In addition, major suppliers of drilling products and services to the US market are identified and profiled, and the key competitive variables are discussed. The entire report is framed within the US oil and gas drilling product and service industry’s economic, technological, and market environments, and thus environmental variables affecting supply and demand patterns -- especially oil and natural gas prices and drilling activity – are emphasized.

As with many analyses involving combined markets of both goods and services, there is a potential for an inflation of aggregate sales due to the rental or consumption of purchased equipment during service operations. While the large stock of capital equipment in the drilling industry limits the potential for overcounting with regard to equipment rental, the cost of products consumed during the performance of a service may be included in the value of that service. An effort has been made to distinguish between drilling services and the products consumed in the performance of these services and to ensure that services demand data does not include consumable products.
Throughout this study, product and service demand is related to various indicators for comparative purposes and to facilitate further analysis.

Macroeconomic and demographic indicators used in this study have been obtained from The Freedonia Group Consensus Forecasts dated April 2015.
Tabular details may not add to totals due to independent rounding. Ratios may be rounded for the sake of clarity.

Information and data on the US oil and gas drilling industry were obtained from a variety of primary and secondary sources, including government and trade associations, industry participants, online databases, and other Freedonia studies. Secondary data and background information were obtained through various trade publications, including Hydrocarbon Engineering, Offshore, Oil & Gas Journal, Unconventional Oil & Gas Report, and World Oil. Corporate annual reports, SEC Form 10-K filings, product catalogs and other company information were also used in framing the industry and market environments and as input for market size assessments.

Table Of Contents

Drilling Products and Services : US industry forecasts for 2019 and 2024
General 4
Macroeconomic Environment 6
Crude Oil and Natural Gas Outlook 10
Oil and Gas Prices 13
Petroleum 15
Exploration and Reserves 17
Production 18
Drilling 21
Pricing 23
Natural Gas 24
Exploration and Reserves 26
Production 27
Drilling 31
Pricing 33
Drilling Outlook 34
Drilling Rigs 36
World Oil and Gas Outlook 38
World Petroleum Outlook 41
Reserves and Exploration 42
Production 47
Pricing Patterns 49
World Natural Gas Outlook 50
Reserves and Exploration 51
Production 54
Pricing Patterns 55
Historical Market Trends 56
Pricing for Selected Drilling Products and Services 59
Environmental and Regulatory Considerations 61
Foreign Trade 62
World Drilling Products and Services Outlook 64
Drilling Technology 66
Directional Drilling 68
Horizontal Drilling 68
Pad Drilling 70
Other Drilling Technologies 71
Drilling Rig Technology 72
Drilling Fluids 73
Unconventional Oil and Gas 74
Tight Oil 75
Shale Gas 76
Coalbed Methane 77
Supply and Demand 78
Services 80
General 80
Contract Drilling 82
Logging and Measuring Services 85
Directional Drilling Services 89
Other Drilling Services 91
Market Share 93
Equipment and Consumables 95
General 95
Tubular Goods 98
Rig Equipment 102
Pressure Control Equipment 104
Drill Bits 107
Downhole Tools 110
Other Equipment and Consumables 114
Market Share 115
Drilling Fluids 118
General 118
Product Characteristics 119
Demand by Type 121
Water-Based 122
Oil-Based 124
Synthetic-Based 124
Demand by Location 125
Demand by Region 128
Market Share 129
General 132
Drilling Activity by Region 134
Drilling Products and Services Demand by Location 136
Onshore 137
Offshore 138
Deepwater 139
Drilling Products and Services Regional Overview 140
Southern Region 141
Drilling Activity Overview 141
Drilling Products and Services Demand 143
Texas 144
Gulf of Mexico 145
New Mexico 146
Louisiana 146
Arkansas 146
Mississippi and Alabama 147
Midwestern Region 147
Drilling Activity Overview 147
Drilling Products and Services Demand 148
North Dakota 149
Oklahoma 150
Ohio 151
Other Midwestern States 151
Western Region 152
Drilling Activity Overview 152
Drilling Products and Services Demand 153
Colorado 154
Wyoming 155
California 155
Utah 156
Alaska 156
Montana 157
Other Western States 157
Eastern Region 157
Drilling Activity Overview 158
Drilling Products and Services Demand 159
Pennsylvania 160
West Virginia 161
Other Eastern States 161
General 162
Market Share 165
Industry Restructuring 169
Research and Development 172
Marketing and Distribution 174
Competitive Strategies 176
Company Profiles 180
Aker Solutions ASA 181
Atlas Copco AB 184
AXON Energy Products Incorporated 186
Baker Hughes Incorporated 188
Baroid Industrial Drilling Products, see Halliburton
BICO Drilling Tools, see Schoeller-Bleckmann Oilfield
Cameron International Corporation 194
Canrig Drilling Technology, see Nabors Industries
Columbia Oilfield Supply, see Precision Drilling
Diamond Offshore Drilling, see Loews
Ensco plc 198
Excalibar Minerals, see Newpark Resources
Frank's International NV 200
General Electric Company 202
GEO Drilling Fluids Incorporated 204
Geoservices, see Schlumberger

Godwin-SBO, see Schoeller-Bleckmann Oilfield
Grant Prideco, see National Oilwell Varco
Halliburton Company 206
Helmerich and Payne Incorporated 210
Hughes Christensen, see Baker Hughes
International Tubular Services, see Parker Drilling
Lafarge SA 213
Loews Corporation 215
Nabors Industries Limited 217
National Oilwell Varco Incorporated 221
Navigate Energy Services, see Nabors Industries
Newpark Resources Incorporated 231
NOV Intelliserv, see National Oilwell Varco and
OneSubsea, see Cameron International and Schlumberger
Parker Drilling Company 236
Patterson-UTI Energy Incorporated 238
Precision Drilling Corporation 239
Quail Tools, see Parker Drilling
Robbins and Myers, see National Oilwell Varco
Rostel Industries, see Precision Drilling
Rowan Companies plc 241
Ryan Directional Services, see Nabors Industries
Sandvik AB 243
Schlumberger Limited 244
Schoeller-Bleckmann Oilfield Equipment AG 254
Seadrill Limited 257
Southwest Oilfield Products Incorporated 258
Sperry Drilling Services, see Halliburton
Stabil Drill Specialties, see Superior Energy Services
Sub Surface Tools, see Superior Energy Services
Superior Energy Services Incorporated 259
Technip SA 261
Tenaris SA 263
Transocean Limited 266
Tuboscope, see National Oilwell Varco
United Spiral Pipe, see United States Steel
United States Steel Corporation 267
Vallourec SA 270
VAM USA, see Vallourec
Weatherford International plc 273
Workstrings International, see Superior Energy Services


Summary Table 3
1 Macroeconomic Indicators 10
2 Oil and Gas Production and Consumption 13
3 Petroleum Supply and Demand 16
4 Crude Oil Drilling Indicators 22
5 Natural Gas Supply and Demand 25
6 Natural Gas Drilling Indicators 32
7 Active Drilling Rigs and Wells Drilled 36
8 Active and Available Drilling Rigs 38
9 World Oil and Gas Production by Region and Resource 41
10 World Crude Oil Proved Reserves by Country, 2014 46
11 World Natural Gas Proved Reserves by Country, 2014 53
12 Drilling Products and Services Market, 2004-2014 58
13 Pricing for Selected Drilling Products and Services 60
14 Drilling Equipment and Consumables Foreign Trade 64
1 Drilling Products and Services Demand 79
2 Drilling Services Demand 81
3 Contract Drilling Demand by Location and Region 85
4 Logging and Measuring Services Demand by Type and Region 88
5 Directional Drilling Services Demand by Region 91
6 Other Services Demand by Region 93
7 Drilling Equipment and Consumables Demand 97
8 Tubular Goods Demand by Product and Region 102
9 Rig Equipment Demand by Region 104
10 Pressure Control Equipment Demand by Product and Region 107
11 Drill Bit Demand by Product and Region 110
12 Downhole Tool Demand by Product and Region 113
13 Other Equipment and Consumables Demand by Region 115
14 Drilling Fluids Demand 119
15 Selected Drilling Fluid Additives 121
16 Drilling Fluids Demand by Type 122
17 Drilling Fluids Demand by Location 128
18 Drilling Fluids Demand by Region 129
1 US Oil and Gas Producing Regions 133
2 Drilling Activity by Resource, Region, and Location 136
3 Drilling Products and Services Demand by Location 137
4 Drilling Products and Services Demand by Region 141
5 Southern Region Drilling Indicators 143
6 Southern Region Drilling Products and Services Demand 144
7 Midwestern Region Drilling Indicators 148
8 Midwestern Region Drilling Products and Services Demand 149
9 Western Region Drilling Indicators 153
10 Western Region Drilling Products and Services Demand 154
11 Eastern Region Drilling Indicators 159
12 Eastern Region Drilling Products and Services Demand 160
1 US Drilling Products and Services Sales by Company, 2014 164
2 Selected Acquisitions and Divestitures 171
3 Research and Development Expenditures for Selected Drilling
Product and Service Firms 174
4 Selected Cooperative Agreements 179



1 Natural Gas and Crude Oil Prices, 2004-2014 15
2 US Petroleum Reserves, 2004-2014 18
3 Petroleum Production, 2004-2014 19
4 Crude Oil Producing States, 2014 20
5 Crude Oil Drilling Indicators, 2005-2014 22
6 Crude Oil Prices, 2004-2014 24
7 Natural Gas Reserves, 2004-2014 27
8 Natural Gas Production, 2004-2014 29
9 Natural Gas Producing States, 2014 30
10 Natural Gas Drilling Indicators, 2005-2014 32
11 Natural Gas Prices, 2004-2014 34
12 Drilling Products and Services Market, 2005-2014 59
1 Drilling Services Demand by Type, 2014 82
2 Drilling Services Market Share, 2014 94
3 Drilling Equipment and Consumables Demand by Type, 2014 98
4 Drilling Equipment and Consumables Market Share, 2014 117
5 Drilling Fluid Market Share, 2014 131
1 US Drilling Products and Services Market Share, 2014 165

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