Oil Drilling & Gas Extraction in the US - Industry Market Research Report

Oil Drilling & Gas Extraction in the US - Industry Market Research Report

  • November 2016
  • 39 pages
  • Ibisworld
Report ID: 198601

Gassing up: Improving technology is anticipated to maximize well efficiency



Abstract

Oil Drilling & Gas Extraction in the US

The Oil and Gas Extraction industry has been challenged in recent years by a decline in oil and natural gas prices. Domestic production of oil and gas steadily increased over the five years to 2016, and industry operators positioned themselves to perform strongly as prices rise over the five years to 2021. Though the industry remains exposed to global commodity price fluctuations, IBISWorld expects that the industry will continue to profit from its highly lucrative operations. In the five years to 2016, industry revenue is expected to decrease. The future of oil and gas is expected to increasingly hinge on improvements in drilling technology and techniques. As industry operators deplete their reserves, it will become necessary to improve efficiency and minimize waste. In the five years to 2021, IBISWorld expects industry revenue to expand.

Companies in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.

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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TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY



MAJOR COMPANIES

Chevron Corp.

BP PLC

ConocoPhillips

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Country=UnitedStates Industry=OilAndGas ParentIndustry=Energy Date=201611 Topic=MarketReport Publisher=Ibisworld Price=1000