Hydraulic Fracturing - Drilling Market Growth Rate and 2019 Market Size
The growth rate of the hydraulic fracturing drilling market in North America from 2016 to 2019 is 12.02% and the 2019 market size is estimated to be $71.85 billion.
1. The hydraulic fracturing market in North America for 2013, 2020 and the CAGR value from 2013 to 2020.
2. The North American market size for well completionfor 2015.
3. And, the North American market sizefor the well completion industry for 2016. ( previously triangulated market size of $39.71 billion).
4. The North American oilfield services market for 2018.
5. Well completion accounts for 30% of the North American oilfield services market and that the Hydraulic fracturing accounts for 37% of the total well completion market in North America.
6. The CAGR value of the global oilfield services market from 2018 to 2026.
Hydraulic Fracturing - Production Market Growth Rate and 2019 Market Size
The growth rate of the hydraulic fracturing production market in North America from 2016 to 2019 is 11.18%, and the 2019 market size is estimated at $21.816 billion.
The growth rate of the hydraulic fracturing drilling market in North America from 2016 to 2019 is 12.02% and the 2019 market size is estimated to be $71.85 billion.
MARKET GROWTH
The overall global hydraulic fracturing market is anticipated to have a 12% market growth from 2016 to 2024.
The drilling sector of the total hydraulic fracturing market makes up 41.5% of the total market.
The market is dominated by North America in terms of market share at 39%.
This is because shale oil and gas production in the United States and Canada is expanding each year.
Based on the available figures, the market growth of the hydraulic fracturing drilling market in North America from 2016 to 2019 is 12.02%.[ calculated in the research strategy section]
The overall global hydraulic fracturing market is anticipated to have a 12% market growth from 2016 to 2024.
The drilling sector of the total hydraulic fracturing market makes up 41.5% of the total market.
The market is dominated by North America in terms of market share at 39%.
This is because shale oil and gas production in the United States and Canada is expanding each year.
Based on the available figures, the market growth of the hydraulic fracturing drilling market in North America from 2016 to 2019 is 12.02%.
DRILLING MARKET SIZE in NORTH AMERICA
In 2016, the total value of the hydraulic fracturing market was $316 billion.
The market size of the hydraulic fracturing drilling market in North America in 2016 was $51.12 billion, accounting for 39% of the global drilling market.[ outlined in the strategy document]
Using the information on the global market in 2016, the market share of the drilling sector, and North America as part of the total market, the estimated market size of hydraulic fracturing drilling in North America in 2019 is $71.85 billion.[ calculated in the research strategy section]
There were around 7,000 new wells drilled in North America in Q4 2018, compared to 4,000 new wells in Q4 2016.
Due to the increasing use of drilling tools and equipment and hydraulic fracturing techniques, it only takes 15 days to drill a single well in 2018, compared to 60 days in 1978.
In 2016, the total value of the hydraulic fracturing market was $316 billion.
The market size of the hydraulic fracturing drilling market in North America in 2016 was $51.12 billion, accounting for 39% of the global drilling market.
Using the information on the global market in 2016, the market share of the drilling sector, and North America as part of the total market, the estimated market size of hydraulic fracturing drilling in North America in 2019 is $71.85 billion.
There were around 7,000 new wells drilled in North America in Q4 2018, compared to 4,000 new wells in Q4 2016.
Due to the increasing use of drilling tools and equipment and hydraulic fracturing techniques, it only takes 15 days to drill a single well in 2018, compared to 60 days in 1978.
GROWTH DRIVERS
There has been a rise in the utilization of horizontal drilling tools and equipment in hydraulic fracturing due to diminishing petroleum production levels.
This growth is driven by a rising demand for primary energy, as well as the expanding development of unconventional fields.
The increasing demand for oil as well as the developing concern for naturalresources depletion are also driving growth.
Additionally, drilling companies are now implementing horizontal drilling to optimize production as it facilitates them to drill numerous wells at the same location.
The global market size ofhydraulic fracturing market in 2016 was $316 billion, and we found that the market's growth rate is expected to be 12% from 2016 to 2024. We initially found the 2019 market size as a whole given the available values using a reverse CAGR calculator.
Starting value: $316 billion
CAGR: 12%
Number of periods: 3 years (2016 to 2019)
2019 market size = $443.96 billion
The drilling sector accounted for 41.5% of the total market, and North America accounted for 39% of the total hydraulic fracturing drilling market. Therefore, using the global market size derivedfor 2019 ($443.96 billion) and these market shares, we can get the 2019 market size of hydraulic fracturing drilling market in North America in 2019.
2019 market size of drilling sector in North America
= derived global hydraulic fracturing market size * market share of the drilling sector * market share of North America
= $443.96 billion * 0.415 * 0.39
= $71.85 billion
Then, to get the growth rate of the hydraulic fracturing drilling market in North Americafrom 2016 ($51.12 billion) to 2019 ($71.85 billion), we used the CAGR calculator with the following values:
Starting value: $51.12 billion (2016)
Ending value: $71.85 billion (2019)
Number of periods: 3 years
CAGR = 12.02%
Hydraulic Fracturing - Well Completion Market Growth Rate and 2019 Market Size
The North American market size for the hydraulic fracturing well completion industry is estimated to be about $13.92 billion for 2019 with a growth rate of roughly -2.59% (expressed from 2016 to 2019). The triangulated data, including all information points and rationale used to arrive at these figures,is presented below.
There has been a rise in the utilization of horizontal drilling tools and equipment in hydraulic fracturing due to diminishing petroleum production levels.
This growth is driven by a rising demand for primary energy, as well as the expanding development of unconventional fields.
The increasing demand for oil as well as the developing concern for natural
Additionally, drilling companies are now implementing horizontal drilling to optimize production as it facilitates them to drill numerous wells at the same location.
The global market size of
Starting value: $316 billion
CAGR: 12%
Number of periods: 3 years (2016 to 2019)
2019 market size = $443.96 billion
The drilling sector accounted for 41.5% of the total market, and North America accounted for 39% of the total hydraulic fracturing drilling market. Therefore, using the global market size derived
2019 market size of drilling sector in North America
= derived global hydraulic fracturing market size * market share of the drilling sector * market share of North America
= $443.96 billion * 0.415 * 0.39
= $71.85 billion
Then, to get the growth rate of the hydraulic fracturing drilling market in North America
Starting value: $51.12 billion (2016)
Ending value: $71.85 billion (2019)
Number of periods: 3 years
CAGR = 12.02%
Hydraulic Fracturing - Well Completion Market Growth Rate and 2019 Market Size
The North American market size for the hydraulic fracturing well completion industry is estimated to be about $13.92 billion for 2019 with a growth rate of roughly -2.59% (expressed from 2016 to 2019). The triangulated data, including all information points and rationale used to arrive at these figures,
STANDARD MARKET GROWTH RATE
Hydraulic fracturing is one of the segments of the oilfield equipment and services market.
The hydraulic fracturing market in North America was valued at $41.96 billion in 2013, growing at a CAGR of 4% from 2013 to 2020.
By 2020, the market is projected to reach $51.93 billion.
Hydraulic fracturing is one of the segments of the oilfield equipment and services market.
The hydraulic fracturing market in North America was valued at $41.96 billion in 2013, growing at a CAGR of 4% from 2013 to 2020.
By 2020, the market is projected to reach $51.93 billion.
MARKET SIZE — NORTH AMERICA (2015 & 2016)
For 2015, the North American market size for well completion was valued at $41,793 million.
For 2016, the North American market sizefor the well completion industry was triangulated to be $39.71 billion. [ previously reported data]
Hydraulic fracturing accounts for 37% of the total well completion market in North America.
For 2015, the North American market size for well completion was valued at $41,793 million.
For 2016, the North American market size
Hydraulic fracturing accounts for 37% of the total well completion market in North America.
CALCULATION
Based on the above-mentioned data, it is possible to calculate the growth rate for the North American hydraulic fracturing well completion market from 2016 to 2019.
The market size for North American hydraulic fracturing well completion market for 2015 = 37% of $41,793 million = $15,463.41 million or $15.463 billion.
Based on the above-mentioned data, it is possible to calculate the growth rate for the North American hydraulic fracturing well completion market from 2016 to 2019.
The market size for North American hydraulic fracturing well completion market for 2015 = 37% of $41,793 million = $15,463.41 million or $15.463 billion.
MARKET SIZE — NORTH AMERICA (2019)
The North American oilfield services market was valued at $115.3 billion in 2018.
As mentioned above, the hydraulic fracturing market in North America is growing at a CAGR of 4% from 2013 to 2020.
The global oilfield services market is growing at a CAGR of 3.7% from 2018 to 2026.
Well completion accounts for 30% of the North American oilfield services market and the hydraulic fracturing accounts for 37% of the total well completion market in North America.
The North American oilfield services market was valued at $115.3 billion in 2018.
As mentioned above, the hydraulic fracturing market in North America is growing at a CAGR of 4% from 2013 to 2020.
The global oilfield services market is growing at a CAGR of 3.7% from 2018 to 2026.
Well completion accounts for 30% of the North American oilfield services market and the hydraulic fracturing accounts for 37% of the total well completion market in North America.
CALCULATION
Based on the above-mentioned data, it is possible to calculate the market size for the North American hydraulic fracturing well completion market for 2019.
Assuming that the growth rate for the North American oilfield services market will be somewhere between 3.7% and 4% (average CAGR of 3.85% from 2018 to 2026), we have calculated the market size of the North American oilfield services market for 2019.
Therefore, using an online reverse CAGR calculator, for 2019, the market size of the North American oilfield services market would be valued at $119.74 billion.
Well completion accounts for 30% of the North American oilfield services market and hydraulic fracturing accounts for 37% of the total well completion market in North America.
Therefore, for 2019, the North American well completion market = 30% of $119.74 billion = $35.92 billion.
Based on the above-mentioned data, it is possible to calculate the market size for the North American hydraulic fracturing well completion market for 2019.
Assuming that the growth rate for the North American oilfield services market will be somewhere between 3.7% and 4% (average CAGR of 3.85% from 2018 to 2026), we have calculated the market size of the North American oilfield services market for 2019.
Therefore, using an online reverse CAGR calculator, for 2019, the market size of the North American oilfield services market would be valued at $119.74 billion.
Well completion accounts for 30% of the North American oilfield services market and hydraulic fracturing accounts for 37% of the total well completion market in North America.
Therefore, for 2019, the North American well completion market = 30% of $119.74 billion = $35.92 billion.
For 2019, the North American hydraulic fracturing well completion market = 37% of $35.92 billion = $13.92 billion.
Therefore, the North American market sizefor hydraulic fracturing well completion market is estimated to be about $13.92 billion for 2019.
Therefore, the North American market size
GROWTH RATE CALCULATION — NORTH AMERICA (2016 TO 2019)
Asfrom the above, the triangulated market size for North American hydraulic fracturing well completion market for 2015 = $15,463.41 million or $15.463 billion. For 2019, the North American Hydraulic fracturing well completion market is estimated to be = $13.92 billion. Now, using the online CAGR calculator, it is possible to calculate the growth rate for the North American Hydraulic fracturing well completion market = -2.59% from 2016 to 2019.
As per the "2015 Projected Global Growth Rates for Oilfield Equipment & Services" report, the 2016 growth rate for hydraulic fracturing was -9%. It seems, then, that the market would likely have a negative growth rate in this period and so, the triangulated estimatefor the growth rate seems to be near the actual value.
Therefore, the growth rate of the hydraulic fracturing well completion market from 2016 to 2019 would be approximately -2.59%.
As
As per the "2015 Projected Global Growth Rates for Oilfield Equipment & Services" report, the 2016 growth rate for hydraulic fracturing was -9%. It seems, then, that the market would likely have a negative growth rate in this period and so, the triangulated estimate
Therefore, the growth rate of the hydraulic fracturing well completion market from 2016 to 2019 would be approximately -2.59%.
1. The hydraulic fracturing market in North America for 2013, 2020 and the CAGR value from 2013 to 2020.
2. The North American market size for well completion
3. And, the North American market size
4. The North American oilfield services market for 2018.
5. Well completion accounts for 30% of the North American oilfield services market and that the Hydraulic fracturing accounts for 37% of the total well completion market in North America.
6. The CAGR value of the global oilfield services market from 2018 to 2026.
Hydraulic Fracturing - Production Market Growth Rate and 2019 Market Size
The growth rate of the hydraulic fracturing production market in North America from 2016 to 2019 is 11.18%, and the 2019 market size is estimated at $21.816 billion.
MARKET GROWTH
The global hydraulic fracturing market is expected to grow at 12% from 2016 to 2024.
The production segment of the hydraulic fracturing market represents 9.1% of the total market.
North American production market represents 54% of the global hydraulic fracturing production market.
The global hydraulic fracturing market is expected to grow at 12% from 2016 to 2024.
The production segment of the hydraulic fracturing market represents 9.1% of the total market.
An increase in industrialization and commercialization, copulated with growing infrastructure development are some of the factors that will drive the growth of the market.
The market is expected to reach $65 billion by 2024.
Based on the available figures, the market growth of the hydraulic fracturing production market in North America from 2016 to 2019 is 11.18%.
The market is expected to reach $65 billion by 2024.
Based on the available figures, the market growth of the hydraulic fracturing production market in North America from 2016 to 2019 is 11.18%.
NORTH AMERICA PRODUCTION MARKET SIZE
The estimated market size of hydraulic fracturing production in North America in 2019 is $21.816 billion.
In 2016, the total value of the hydraulic fracturing market was $316 billion.
The market size of the hydraulic fracturing production market in North America in 2016 was $15.875 billion, accounting for 54% of the global production market.[ outlined in the strategy document]
The global market size of the hydraulic fracturing market in 2016 was $316 billion, and we found that themarket's growth rate is expected to be 12% from 2016 to 2024. We initially found the 2019 market size as a whole, given the available values using a reverse CAGR calculator.
The estimated market size of hydraulic fracturing production in North America in 2019 is $21.816 billion.
In 2016, the total value of the hydraulic fracturing market was $316 billion.
The market size of the hydraulic fracturing production market in North America in 2016 was $15.875 billion, accounting for 54% of the global production market.
The global market size of the hydraulic fracturing market in 2016 was $316 billion, and we found that the
CALCULATIONS
NORTH AMERICA PRODUCTION MARKET SIZE
The production sector accounted for 9.1% of the total market, and North America accounted for 54% of the overall hydraulic fracturing production market. Therefore, using the global market size derivedfor 2019 ($443.96 billion) and the market share, we can get the 2019 market size of the hydraulic fracturing production market in North America in 2019.
The production sector accounted for 9.1% of the total market, and North America accounted for 54% of the overall hydraulic fracturing production market. Therefore, using the global market size derived
2019 market size of the production sector in North America = global hydraulic fracturing market size * market share of the production sector * market share of North America = $443,960,000,000 * 0.091 * 0.54 = $21,816,194,400 ~ $21.816 billion
NORTH AMERICA GROWTH RATE
Then, to get the growth rate of the hydraulic fracturing production market in North America from 2016 ($15.875 billion) to 2019 ($21.816 billion), we used the CAGR calculator with the following values:
2016 market size (Initial value): $15.875 billion
2019 market size (Ending value): $21.816 billion
Number of periods: 3 years (2016 to 2019)
Then, to get the growth rate of the hydraulic fracturing production market in North America from 2016 ($15.875 billion) to 2019 ($21.816 billion), we used the CAGR calculator with the following values:
2016 market size (Initial value): $15.875 billion
2019 market size (Ending value): $21.816 billion
Number of periods: 3 years (2016 to 2019)
CAGR = 11.18%
Hydraulic Fracturing - Drilling Key Players
The key players in the North American hydraulic fracturing drilling space are Schlumberger, Baker Hughes, Halliburton, and Weatherford.
Hydraulic Fracturing - Drilling Key Players
The key players in the North American hydraulic fracturing drilling space are Schlumberger, Baker Hughes, Halliburton, and Weatherford.
Schlumberger
Here is a link to its website.
Schlumberger Ltd.is the largest oilfield services corporation in the world, employing 100,000 individuals in over 85 nations. For the gas and oil industry, it is a leading supplier of technology for processing, drilling production, and reservoir characterization.
In 2018, the company generated $32.82 billion in revenue.
The company is headquartered in Sugar Land, Texas.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listedas a global key player in hydraulic fracturing.
It has a 3.43% market share in the drilling segment.
It is one of the key players of land drilling in North America, in which the companycurrently attains around 35% of the overall revenue, which is an increase over the 27% it received two years prior.
Here is a link to its website.
Schlumberger Ltd.
In 2018, the company generated $32.82 billion in revenue.
The company is headquartered in Sugar Land, Texas.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listed
It has a 3.43% market share in the drilling segment.
It is one of the key players of land drilling in North America, in which the company
Baker Hughes
Here is a link to its website.
Baker Hughes is the first and sole full stream business with the capability of modifying the oil and gas sector through its technology and people. They "deliver across the full value chain of oil and gas activities from upstream to midstream to downstream."
The company is headquartered in Houston, Texas.
Baker Hughes' 2018 revenue amounted to $22.9 billion.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listedas a global key player in hydraulic fracturing.
Here is a link to its website.
Baker Hughes is the first and sole full stream business with the capability of modifying the oil and gas sector through its technology and people. They "deliver across the full value chain of oil and gas activities from upstream to midstream to downstream."
The company is headquartered in Houston, Texas.
Baker Hughes' 2018 revenue amounted to $22.9 billion.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listed
Additionally, the company is one of the most dominant players within the land drilling sector in North America.
In the United States and Canada, the company has a rig count of 855 and 144 respectively.
In the United States and Canada, the company has a rig count of 855 and 144 respectively.
Halliburton
Here is a link to its website.
Halliburton serves as one of the energy industry's top suppliers of services and products. It assists its clients in maximizing value via the reservoir's life cycle. They help with drilling and formation, exploration, managing geological data, well construction and completion, and production.
In 2018, the company generated $24 billion in revenue.
The company is headquartered in Houston, Texas.
The company was mentioned as one of the global key players in directional drilling in many industry reports, including Mordor Intelligence and Reuters. It is also a key global player in hydraulic fracturing.
Halliburton is a dominant player within the land drilling sector in North America.
North America is Halliburton's largest market despite the delayed activity. Its North American revenue rose to $3.3 billion in Q2 2019, growing about 2% quarter on quarter due to artificial lift and higher stimulation, along with greater drilling activity within the Gulf of Mexico.
In 2018, the North American market accounted for about 60% of its revenue.
It was also referred to as the Fracking King.
Here is a link to its website.
Halliburton serves as one of the energy industry's top suppliers of services and products. It assists its clients in maximizing value via the reservoir's life cycle. They help with drilling and formation, exploration, managing geological data, well construction and completion, and production.
In 2018, the company generated $24 billion in revenue.
The company is headquartered in Houston, Texas.
The company was mentioned as one of the global key players in directional drilling in many industry reports, including Mordor Intelligence and Reuters. It is also a key global player in hydraulic fracturing.
Halliburton is a dominant player within the land drilling sector in North America.
North America is Halliburton's largest market despite the delayed activity. Its North American revenue rose to $3.3 billion in Q2 2019, growing about 2% quarter on quarter due to artificial lift and higher stimulation, along with greater drilling activity within the Gulf of Mexico.
In 2018, the North American market accounted for about 60% of its revenue.
It was also referred to as the Fracking King.
Weatherford
Here is a link to its website.
The company administers innovative services and technologies specifically meant to satisfy various energy requirements in a manner that is secure, ethical, and sustainable.
Weatherford generated approximately $5.7 billion in revenue in 2018.
The company is headquartered in Houston, Texas.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listedas a global key player in hydraulic fracturing.
Hydraulic Fracturing - Well Completion Key Players
Five key players in the hydraulic fracturing well completion business are Chevron Corporation, Schlumberger Limited, Halliburton, National Oilwell Varco, and Newpark Resources. The details are below.
The company administers innovative services and technologies specifically meant to satisfy various energy requirements in a manner that is secure, ethical, and sustainable.
Weatherford generated approximately $5.7 billion in revenue in 2018.
The company is headquartered in Houston, Texas.
The company was mentioned as one of the global key players in directional drilling in several industry reports, including Mordor Intelligence and Reuters. It is also listed
Hydraulic Fracturing - Well Completion Key Players
Five key players in the hydraulic fracturing well completion business are Chevron Corporation, Schlumberger Limited, Halliburton, National Oilwell Varco, and Newpark Resources. The details are below.
CHEVRON CORPORATION
The company has its headquarters in San Ramon, USA, and locations in North America.
The company’s official website can be accessed here and shows the company’s use of hydraulic fracturing in its completion of wells.
Chevron is a key player in the hydraulic fracturing well completion space based on their estimated annual revenue of $166 billion and its market cap of $215 billion. The company has 48,600 employees.
The company has its headquarters in San Ramon, USA, and locations in North America.
The company’s official website can be accessed here and shows the company’s use of hydraulic fracturing in its completion of wells.
Chevron is a key player in the hydraulic fracturing well completion space based on their estimated annual revenue of $166 billion and its market cap of $215 billion. The company has 48,600 employees.
SCHLUMBERGER LIMITED
The company is based in Houston, Texas in the United States, with locations all over North America.
Their official website is accessible here.
The company is a key player in the hydraulic fracturing well completion space, as its estimated revenue is $32 billion and its market cap is $42 billion. They also have more than 100,000 employees.
The company is involved in hydraulic fracturingfor reservoir building projects.
The company is based in Houston, Texas in the United States, with locations all over North America.
Their official website is accessible here.
The company is a key player in the hydraulic fracturing well completion space, as its estimated revenue is $32 billion and its market cap is $42 billion. They also have more than 100,000 employees.
The company is involved in hydraulic fracturing
HALLIBURTON
The company is based in Houston, Texas, US and has offices in Canada.
Their official website is accessible here.
Halliburton is a key player in the hydraulic fracturing well completion space as its estimated annual revenue is $24 billion and it has a market cap of $16.1 billion. It also has 60,00 employees.
The company is based in Houston, Texas, US and has offices in Canada.
Their official website is accessible here.
Halliburton is a key player in the hydraulic fracturing well completion space as its estimated annual revenue is $24 billion and it has a market cap of $16.1 billion. It also has 60,00 employees.
NATIONAL OILWELL VARCO
The National Oilwell Varco is based in Houston, Texas and has other locations in North America.
The company’s official website is accessible here.
The National Oilwell Varco is a key player in the hydraulic fracturing well completion space based on its annual revenue of $8.5 billion andmarket cap of $8.1 billion. It also has 34,200 employees.
The National Oilwell Varco is based in Houston, Texas and has other locations in North America.
The company’s official website is accessible here.
The National Oilwell Varco is a key player in the hydraulic fracturing well completion space based on its annual revenue of $8.5 billion and
NEWPARK RESOURCES
NewPark Resources is based in the US and Canada.
The company’s website is accessible here.
They are key in the hydraulic fracturing well completion space as their estimated revenue is $946 million, and market cap of $699 million.
We selected these companies as key players based on their revenue, market cap and number of employees. We reviewed companies in the well completion space, but focused only on those with the highest revenue. We also used other metrics to ensure that they were among the top players. Finally, we ensured that the companies selected had offices in USA and Canada.
Hydraulic Fracturing - Production Key Players
Five key players in the North American hydraulic fracturing production space are Halliburton (HAL), Schlumberger (SLB), Weatherford International, FTS International (FTS) and Calfrac Well Services.
The company’s website is accessible here.
They are key in the hydraulic fracturing well completion space as their estimated revenue is $946 million, and market cap of $699 million.
We selected these companies as key players based on their revenue, market cap and number of employees. We reviewed companies in the well completion space, but focused only on those with the highest revenue. We also used other metrics to ensure that they were among the top players. Finally, we ensured that the companies selected had offices in USA and Canada.
Hydraulic Fracturing - Production Key Players
Five key players in the North American hydraulic fracturing production space are Halliburton (HAL), Schlumberger (SLB), Weatherford International, FTS International (FTS) and Calfrac Well Services.
NORTH AMERICAN HYDRAULIC FRACTURING PRODUCTION — KEY PLAYERS
Halliburton (HAL)
This company is headquartered in Houston, Texas.
Their website can be accessed here.
The company has 20 locations across North America and has fractured over a million wells in the US so far.
Schlumberger (SLB)
This company is headquartered in Sugar Land, Texas.
Their website can be accessed here.
This company has over 50 locations in North America and has around 2,800 employees in North America alone.
Weatherford International
Weatherford International is headquartered in Oklahoma, US.
The website can be accessed here.
This company has completed 677 projects in the US and 27 in Canada, with 62 locations in Canada and 18 locations in the United States.
FTS International (FTS)
This company is headquartered in Fort Worth, Texas.
Their website can be accessed here.
This company is considered "one of the largest well completion companies in North America, specializing in fracturing". In the US, the company has 1,045 employees.
Calfrac Well Services
This company is headquartered in Calgary, Alberta.
Their website can be accessed here.
This company has nearly 2,000 employees in North America, operating through 28 individual locations.
In order to identify those key players that have a strong presence in North America, we extracted those that meet at least two of the following criteria: [1] a large number of locations across North America, [2] a large number of wells drilled in North America and [3] a large number of employees in North America. We took additional time to confirm the identified companies are in the hydraulic fracturing production space, by examining their respective websites.
Hydraulic Fracturing - Drilling Key Players Details
The annual revenue for Schlumberger, Baker Hughes, Halliburton and Weastherford ranged from $5.7 billion to $32.8 billion. The details are below.
Schlumberger
Schlumberger's 2018 revenue was $32.8 billion. Of that amount, the revenue attributed to drilling was $9.3 billion.
Schlumbergerprovide managed pressure drilling systems, wellheads and drilling rigs. This includes "reservoir-to-flare services" which includes everything from well planning to dealing with oil and mud while drilling. They also have available, land and deepwater high -efficnecy operations.
They offerbottomhole assemblies such as drill bits, directional drills, jars and impact tools, reamers and stabilizers, tubular products, casing drills , liner drills.
Schlumbergerprovide additives, drill-in, non aqueous and water-based drilling fluids. They sell shakers and centrifuges for controlling solids as well as cementing equipment such as software, consumables, and related products.
Their services include cuttings waste management, well cementing, "logging-while-drilling", mud logging and measurements-while-driling services.
In addition to the above, they offer integrated drilling, measured pressure drilling, directional drilling surveys, DRILCO inspection, tubular, real-time drilling analytics, and fishing services.
Baker Hughes
Baker Hughes made $22.9 billion in revenue in 2018.
They sell drill bits, rig drilling systems, drilling and completion fluids, well construction and intervention equipment and drilling services.( https://www.bhge.com/products-services/upstream/drilling).
Their drill bits includetricone , diamond, and hybrid bits. In terms of the services connected to these products, they provide hole enlargement, drilling optimization, and drilling engineering systems and solutions.
Their drilling services also include drilling motor, rotary steerable, reservoir navigation, measurement while drilling, surface logging, logging while drilling, coiled tubing drilling, casing and liner drilling, and coring services.
Some drilling fluids they sell include water-based drilling, emulsion drilling, reservoir drill-in, specialty drilling, and completion fluids. The services relating to these products are fluids handling and environmental services.
Halliburton
Halliburton's 2018 revenue was $24 billion.
Halliburton provides drilling and evaluation products and services to includesperry drilling, drill bits, drilling fluids, consulting and project management, landmark, testing and sub sea, drilling, and wireline and perforating services.
Theirsperry drilling involves providing horizontal and directional drilling, logging while drilling, measurement while drilling, multilateral, rig site information systems and under balanced application services.
They also sell fixed cutter and roller cone rock bits, as well as "down hole" tools.
They have performance additives, drilling fluid systems, and solids control and waste management services.
Other services include open-holewireline , cased-hole and slickline , perforating, borehole seismic services, reservoir optimization, and oilfield services.
Weatherford
Weatherford generated approximately $5.7 billion in revenue in 2018.
Weatherford sells, rigs, reamers, stabilizers and circulation subs, drilling motors, drilling withliner systems, rotating control devices, down hole deployment values.
Their drilling servicesinvolves using rotary steerable technologies, bore-hole enlargement, and logging while drilling, pressure control, managed pressure drilling, and liner systems, tubular running services, and under balanced drilling.
Hydraulic Fracturing - Well Completion Key Players Details
Chevron Corporation, Schlumberger, Halliburton, and National Oilwell Varco offer wellcompletion parts, tools and services. Newpark Resources provides chemicals used in the well completion phase. A detailed report with actual annual revenues is presented below.
Halliburton (HAL)
This company is headquartered in Houston, Texas.
Their website can be accessed here.
The company has 20 locations across North America and has fractured over a million wells in the US so far.
Schlumberger (SLB)
This company is headquartered in Sugar Land, Texas.
Their website can be accessed here.
This company has over 50 locations in North America and has around 2,800 employees in North America alone.
Weatherford International
Weatherford International is headquartered in Oklahoma, US.
The website can be accessed here.
This company has completed 677 projects in the US and 27 in Canada, with 62 locations in Canada and 18 locations in the United States.
FTS International (FTS)
This company is headquartered in Fort Worth, Texas.
Their website can be accessed here.
This company is considered "one of the largest well completion companies in North America, specializing in fracturing". In the US, the company has 1,045 employees.
Calfrac Well Services
This company is headquartered in Calgary, Alberta.
Their website can be accessed here.
This company has nearly 2,000 employees in North America, operating through 28 individual locations.
In order to identify those key players that have a strong presence in North America, we extracted those that meet at least two of the following criteria: [1] a large number of locations across North America, [2] a large number of wells drilled in North America and [3] a large number of employees in North America. We took additional time to confirm the identified companies are in the hydraulic fracturing production space, by examining their respective websites.
Hydraulic Fracturing - Drilling Key Players Details
The annual revenue for Schlumberger, Baker Hughes, Halliburton and Weastherford ranged from $5.7 billion to $32.8 billion. The details are below.
Schlumberger
Schlumberger's 2018 revenue was $32.8 billion. Of that amount, the revenue attributed to drilling was $9.3 billion.
Schlumberger
They offer
Schlumberger
Their services include cuttings waste management, well cementing, "logging-while-drilling", mud logging and measurements-while-
In addition to the above, they offer integrated drilling, measured pressure drilling, directional drilling surveys, DRILCO inspection, tubular, real-time drilling analytics, and fishing services.
Baker Hughes
Baker Hughes made $22.9 billion in revenue in 2018.
They sell drill bits, rig drilling systems, drilling and completion fluids, well construction and intervention equipment and drilling services.
Their drill bits include
Their drilling services also include drilling motor, rotary steerable, reservoir navigation, measurement while drilling, surface logging, logging while drilling, coiled tubing drilling, casing and liner drilling, and coring services.
Some drilling fluids they sell include water-based drilling, emulsion drilling, reservoir drill-in, specialty drilling, and completion fluids. The services relating to these products are fluids handling and environmental services.
Halliburton
Halliburton's 2018 revenue was $24 billion.
Halliburton provides drilling and evaluation products and services to include
Their
They also sell fixed cutter and roller cone rock bits, as well as "down hole" tools.
They have performance additives, drilling fluid systems, and solids control and waste management services.
Other services include open-hole
Weatherford
Weatherford generated approximately $5.7 billion in revenue in 2018.
Weatherford sells, rigs, reamers, stabilizers and circulation subs, drilling motors, drilling with
Their drilling services
Hydraulic Fracturing - Well Completion Key Players Details
Chevron Corporation, Schlumberger, Halliburton, and National Oilwell Varco offer well
CHEVRON CORPORATION
In 2018, Chevron Corporation reported an annual revenue of $158.9 billion. In the previous year, their annual revenue was reported to be $134.7 billion.
Chevron offers fiber optic technology to gather real-time data and help understand the efficiency of well completion. This also facilitates the management of wells.
The company provides cased-hole completion services and open-hole completions where theyinstall sand screens to stabilize oil reservoirs.
Chevron also installs production tubing during well completion phase.
In 2018, Chevron Corporation reported an annual revenue of $158.9 billion. In the previous year, their annual revenue was reported to be $134.7 billion.
Chevron offers fiber optic technology to gather real-time data and help understand the efficiency of well completion. This also facilitates the management of wells.
The company provides cased-hole completion services and open-hole completions where they
Chevron also installs production tubing during well completion phase.
SCHLUMBERGER LIMITED
In 2018, the company reported an annual revenue of $32.8 billion and their reported annual revenue for the year 2017 was $30.4 billion.
The company offers robust packers that are designed to suit the conditions in a well or reservoir. They are suitableto a wide range of temperatures and pressures in an oil field.
Schlumberger offers intelligent completion services to optimize recovery using real-time digital data. This enhances production control, management of gas and water, and minimizes interventions.
They offer multi-stage "Frac plugs" and sleeves to speed up well opening, reduce risks, and environmental hazards.
The company provides distributed permanent measurement systems and permanent down hole gauges to track down hole data and identify issues. They also install distributed acoustic sensing (DAS) and distributed temperature sensing (DTS) systems.
They provide safety and isolation valves to manage risks and reduce formation damages.
Schlumberger also offers othercompletion solutions including zonal isolation, scale buildup, selective production, corrosion, and tubing movement.
In 2018, the company reported an annual revenue of $32.8 billion and their reported annual revenue for the year 2017 was $30.4 billion.
The company offers robust packers that are designed to suit the conditions in a well or reservoir. They are suitable
Schlumberger offers intelligent completion services to optimize recovery using real-time digital data. This enhances production control, management of gas and water, and minimizes interventions.
They offer multi-stage "Frac plugs" and sleeves to speed up well opening, reduce risks, and environmental hazards.
The company provides distributed permanent measurement systems and permanent down hole gauges to track down hole data and identify issues. They also install distributed acoustic sensing (DAS) and distributed temperature sensing (DTS) systems.
They provide safety and isolation valves to manage risks and reduce formation damages.
Schlumberger also offers other
HALLIBURTON
In 2018, Halliburton reported an annual revenue of $24 billion. Their annual revenue in 2017 was $20.6 billion.
The company offers Endurance Hydraulic Screens that facilitates sand control in well completion and well bore support.
They also provide Expandable Linear Hanger Systems designed for offshore and deep water applications. The systems have enhanced capabilities suitable for various temperature levels.
Halliburton provides Single Trip Multi-zone Systems that are reliable and efficient in stimulating wells in extreme conditions.
Their Halliburton Drive App is an Augmented Reality (AR) application that helps clients experience Halliburton completion tools in 3D.
The company offers The Advanced Completions platform which combines severaltechnologies including SmartPlex® down hole control system, EquiFlow® AICD, and FlexRite® MIC system.
In 2018, Halliburton reported an annual revenue of $24 billion. Their annual revenue in 2017 was $20.6 billion.
The company offers Endurance Hydraulic Screens that facilitates sand control in well completion and well bore support.
They also provide Expandable Linear Hanger Systems designed for offshore and deep water applications. The systems have enhanced capabilities suitable for various temperature levels.
Halliburton provides Single Trip Multi-zone Systems that are reliable and efficient in stimulating wells in extreme conditions.
Their Halliburton Drive App is an Augmented Reality (AR) application that helps clients experience Halliburton completion tools in 3D.
The company offers The Advanced Completions platform which combines several
NATIONAL OILWELL VARCO
In 2018, National Oilwell Varco (NOV) reported an annual revenue of $8.5 billion. In 2017, NOV's reported revenue was $7.3 billion.
For multistage fracturing completion, National Oilwell Varco offersbull drops, Plug and Perf, and coil tubing systems.
The company offers Linear packer and PBR's, Linear cementing and accessories, Linear hangers, and Linear running and service tools for well construction completion.
NOV provides monitoring completion tools includingi -Trace, i-Con , and MaxTrace. They also offer remote signaling tools with their ReAct line of products for down hole sleeves and valves.
Fordissolvable completion, the company offers dissolvable plugs and balls that are designed to maintain structural integrity under a wide range of pressure and temperature for a specified period.
In 2018, National Oilwell Varco (NOV) reported an annual revenue of $8.5 billion. In 2017, NOV's reported revenue was $7.3 billion.
For multistage fracturing completion, National Oilwell Varco offers
The company offers Linear packer and PBR's, Linear cementing and accessories, Linear hangers, and Linear running and service tools for well construction completion.
NOV provides monitoring completion tools including
For
NEWPARK RESOURCES
The company's reported annual revenue in 2018 was $946.5 million. In 2017, the annual revenue was $747.8 million.
Newpark Resourcesprovides calcium carbonate products for use in well completion fluids. The products include EXCAL® CW 100, CW 325, and CW 200.
The company offers products that assist in the deployment of coiled tubing (CT) and increase the CT's life.
They provide Barium Sulfate for well completion fluid applications. In addition, they offer matrix stimulation fluids for applications like corrosion inhibition.
Newpark Resourcesprovides chemical sand control services during the well completion phase. Their solution is an economical alternative that increases the sand-free production rate from a reservoir.
Hydraulic Fracturing - Production Key Players Details
Annual revenue of Halliburton, Schlumberger, Weatherford International, FTS International, and Calfrac Well Services are $23,995 million, $32,815 million, $5,744 million, $1,543.3 million, and $2,256 million respectively.
The company's reported annual revenue in 2018 was $946.5 million. In 2017, the annual revenue was $747.8 million.
Newpark Resources
The company offers products that assist in the deployment of coiled tubing (CT) and increase the CT's life.
They provide Barium Sulfate for well completion fluid applications. In addition, they offer matrix stimulation fluids for applications like corrosion inhibition.
Newpark Resources
Hydraulic Fracturing - Production Key Players Details
Annual revenue of Halliburton, Schlumberger, Weatherford International, FTS International, and Calfrac Well Services are $23,995 million, $32,815 million, $5,744 million, $1,543.3 million, and $2,256 million respectively.
SERVICES, TECHNOLOGIES, AND TOOLS OFFERED IN THE PRODUCTION PHASE
Halliburton provides artificial lift systems, integrated asset management solutions, reservoir & fracture monitoring solutions, sub sea equipment, and pipeline & process services for the production phase of hydraulic fracturing.
Their offerings under the category are Electrical Submersible Pumps, Horizontal Pumping Systems, Progressive Cavity Pumps, Hydraulic fracture mapping and monitoring, fracture treatments, well placement, field development strategies, Subsea Safety Systems, Electrohydraulic Subsea Safety Systems, andPipeline and Wellbore Diagnostics.
Halliburton provides artificial lift systems, integrated asset management solutions, reservoir & fracture monitoring solutions, sub sea equipment, and pipeline & process services for the production phase of hydraulic fracturing.
Their offerings under the category are Electrical Submersible Pumps, Horizontal Pumping Systems, Progressive Cavity Pumps, Hydraulic fracture mapping and monitoring, fracture treatments, well placement, field development strategies, Subsea Safety Systems, Electrohydraulic Subsea Safety Systems, and
SERVICES, TECHNOLOGIES, AND TOOLS OFFERED IN THE PRODUCTION PHASE
Schlumberger provides pipeline and multiphase metering solutions and services, production systems, andproduction chemicals for the production phase of hydraulic fracturing.
Their offerings under the category are Vx Spectra Surface Multiphase Flowmeter, Integrated Seat Technology Ball Valve, Shale Shaker technology, Artificial Lift Systems, High-Integrity Pressure Protection System, Wellhead Control Panels, Subsea Equipment, and AquaWatcher Surface Sensor.
Weatherford International
The annual revenue of the company in 2018 was $5,744 million (actual ).
Schlumberger provides pipeline and multiphase metering solutions and services, production systems, and
Their offerings under the category are Vx Spectra Surface Multiphase Flowmeter, Integrated Seat Technology Ball Valve, Shale Shaker technology, Artificial Lift Systems, High-Integrity Pressure Protection System, Wellhead Control Panels, Subsea Equipment, and AquaWatcher Surface Sensor.
Weatherford International
The annual revenue of the company in 2018 was $5,744 million (
SERVICES, TECHNOLOGIES, AND TOOLS OFFERED IN THE PRODUCTION PHASE
Weatherford International provides artificial lift systems, reciprocating plunger pumps, reservoir monitoring solutions, cased-holewireline solutions, and production advisor solutions for the production phase of hydraulic fracturing.
Their offerings under the category are pumping units, sucker rods, subsurface rod pumps, centrifugal jet pumps, electric submersible pumps,downhole injection systems, gas-lift systems, flow control technology, F-15 plunger-lift controller, reciprocating plunger pumps, thermal monitoring, flow monitoring, surface instrumentation, production logging, and integrated asset models.
Weatherford International provides artificial lift systems, reciprocating plunger pumps, reservoir monitoring solutions, cased-hole
Their offerings under the category are pumping units, sucker rods, subsurface rod pumps, centrifugal jet pumps, electric submersible pumps,
SERVICES, TECHNOLOGIES, AND TOOLS OFFERED IN THE PRODUCTION PHASE
The company offerings under the category are 2,500 horsepower high-pressure hydraulic pumps, replacement pumps, fuel tanks, structural brackets, hoses, and mufflers.
To get a more specific listing of the company products and solutions, FTS International wants its customers to contact them.
The company offerings under the category are 2,500 horsepower high-pressure hydraulic pumps, replacement pumps, fuel tanks, structural brackets, hoses, and mufflers.
To get a more specific listing of the company products and solutions, FTS International wants its customers to contact them.
SERVICES, TECHNOLOGIES, AND TOOLS OFFERED IN THE PRODUCTION PHASE
Their offerings under the category are Fracturing Fluid Systems, High-pressure Annular Coiled Tubing, High Rate Annular Cardium solutions and High Rate Annular Marcellus solutions.
To get a more specific listing of the company products and solutions, Calfrac Well Services wants its customers to contact them.
Their offerings under the category are Fracturing Fluid Systems, High-pressure Annular Coiled Tubing, High Rate Annular Cardium solutions and High Rate Annular Marcellus solutions.
To get a more specific listing of the company products and solutions, Calfrac Well Services wants its customers to contact them.