First Research US Industry Profile

View Sample
Oil & Gas Well Drilling
SIC Codes: 1381
NAICS Codes: 213111
Last Quarterly Update: 4/22/2019
Companies in this industry specialize in drilling oil and gas wells for others on a contract or fee basis. Major companies include Diamond Offshore Drilling, Helmerich & Payne, Nabors Industries, Patterson-UTI Drilling, and Transocean (all based in the US), as well as Ensco plc (UK) and Precision Drilling (Canada).
Worldwide, drilling locations are determined by oil and gas production and reserves. Some of the largest oil and gas reserves are in Saudi Arabia, Russia, Venezuela, and Iran. Discovery of new reserves is also increasing drilling services demand in areas like Brazil and Nigeria.
The US oil and gas well drilling industry includes about 2,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $25 billion. Oil and gas field services other than drilling are covered in a separate industry profile.
Competitive Landscape
Demand is driven by oil and gas prices. The profitability of individual companies depends on technical expertise and efficiency of operations. Large companies can offer a broader range of services in addition to drilling, and they can contract to serve major clients in multiple locations. Small firms can compete effectively by specializing in a particular type of drilling or geographic area.
Products, Operations & Technology
Drilling a well with a drilling rig involves creating a hole using a drill bit attached to a rotating drill "string" made up of 30-foot sections of pipe. ... plus:
Sales & Marketing
,
Finance & Regulation
,
Regional & International Issues
,
Human Resources
Also includes the following chapters:
Quarterly Industry Update
,
Industry Indicators
,
Business Challenges
,
Trends and Opportunities
,
Call Preparation Questions
,
Financial Information
,
Industry Forecast
,
Industry Websites
,
Glossary of Acronyms

Historical Profiles (PDF format)

01/21/2019
10/15/2018
07/16/2018
04/16/2018
01/15/2018
10/09/2017
07/03/2017
04/03/2017
01/02/2017
09/26/2016
06/20/2016
03/21/2016
12/14/2015
09/14/2015
06/15/2015
03/09/2015
12/08/2014
09/15/2014
06/23/2014