Overview
The 8,500 oil and gas service companies provide a variety of support activities to oil and gas operations on a contract or fee basis. Services support the exploration, drilling, testing, and clean-up operations for on-shore or off-shore oil and gas wells.
Dependence On Petroleum Demand
During periods of slow or negative economic growth, demand for petroleum products falls, resulting in fewer capital projects by the oil and gas industry.
New Environmental Regulations
Adoption of any future federal or state laws limiting use of specific technologies and services, such as hydraulic fracturing, vapor extraction processes (VPX), and cyclic steam stimulation (CSS) could make it more difficult and expensive to obtain petroleum products from unconventional sources.
Industry Financial Benchmarks
Here are typical financial statements for oil & gas support services.
This data is provided by Powerlytics, Inc. Powerlytics is a big data predictive analytics platform provider with the most comprehensive, accurate and granular consumer and business financial data available in the marketplace. Its proprietary platform provides a comprehensive financial view of the over 200 million adults and 30 million businesses that comprise the American economy. Learn more about Powerlytics products & data.
Need more detailed financial business or consumer/customer data for your client or prospect? Powerlytics can break down this data by specific industry segments, size of business, or geographic market as well as providing income, health, risk, and market opportunity associated with U.S. consumers. To contact us or order data, click here.
Loading…
To View this chapter for free, Please register.
Get Started Free
To view a Sample Report, click here
To View this chapter, Please purchase the full Profile.
Purchase Profile for Just $99
To view a Sample Report, click here
Return to industry list