Please Wait.....
Report
United States Drilling Rig market By Location (Onshore, Offshore), By Type (Land Rigs, Jackup, Drill Ships, Semi-Submersible, Others), By Drilling Method (Cable Drilling, Rotary Drilling, Dual Wall Reverse - Circulating Drilling, Electro Drilling, Directional Drilling), By Operational Depth (Shallow, Deep water, Ultra Deep Water), By Region, Competition, Forecast and Opportunities, 2018-2028
Market Report (3 business days) I 2023-09-05 I 78 Pages I TechSci Research
United States Drilling Rig Market is anticipated to grow at a steady pace during the forecast period, 2024-2028. The market's expansion is dependent on a number of variables, such as increased upstream oil and gas investments, rising demand for oil and gas, and a growing emphasis on unconventional oil and gas exploration and production (E&P) activities. For instance, in2022, total rig count is 620 in the United States, and total gas rig count in the US are 154, compared to 157 one month ago and 104 last December, owing to which market is expected to grow further during the forecast period.
A piece of machinery used in the oil and gas sectors to drill wells is called a drilling rig. These drilling rigs can be stationary or mobile and they come in various sizes and designs. It is utilised not only for locating reservoirs but also for drilling holes so that oil and natural gas can be extracted from the reservoirs. In the mining industry, drilling rigs are also utilised for rock blasting.
Augmented & Virtual Reality is Driving Market Growth
Technology-based reality studies have shown that the oil and gas industry may be more productive and error-free by providing real-time information about tools, parts, and equipment. Reality solutions are used by exploration and production (E&P) businesses for things such as remote monitoring, downhole imaging, and virtual training. Through wearables and smartphone notifications, O&G(Oil & Gas) startups further integrate the physical and digital worlds to enable human-machine interactions. The proposed solution encourages enhancements to plant development and maintenance, worker safety, and training programs. The startup's VR studio is used by operations and maintenance workers to conduct plant walk-throughs, track plant operations or construction progress, and enable predictive maintenance.
The Internet of Things
The Internet of Things (IoT) is used by the oil and gas industry to collect, transmit, and analyse unstructured data in real time in order to get a thorough understanding of facility operations, improve operational performance, consume less energy, and increase profitability. IoT solutions are available for all major oil and gas business segments. IoT is used by downstream businesses for better oil and gas processing and distribution, while midstream operators enhance fleet management and pipeline and storage maintenance. It helps upstream operators manage drilling and extraction more effectively and spend less time idle. Over the past few years, the oil and gas sector has embraced IoT technologies to optimise operations across the stream, improve workplace safety and control, and boost production. IoT has a wide range of uses in the oil and gas industry, from reducing human maintenance to automating challenging tasks that are prone to mistakes, to reducing environmental impact and avoiding dangers.
Increasing Consumption of Oil & Gas in the Country is Driving Market Growth
In the US, very little crude oil is used for direct consumption. Petroleum products including gasoline, diesel fuel, heating oil, and jet fuel are created by refining nearly all of the crude oil that is produced or imported in the United States. Petroleum products also include liquids made from natural gas processing. Refined petroleum products can be replaced by or enhanced with renewable biofuels such as ethanol and biodiesel. Biofuels are included in the consumption of petroleum products by the U.S. Energy Information Administration (EIA). To indicate American petroleum consumption, the EIA utilises product provided. The average daily oil consumption in the United States in 2021 was about 19.89 million barrels, for a total of about 7.26 billion barrels. This represented a daily rise in consumption of nearly 1.6 million barrels more than in 2020. The economy's recovery from the coronavirus (COVID-19) epidemic was a major factor in the rise.
Market Segmentation
The United States Drilling Rig Market is divided into location, type, drilling method and operational depth. Based on location, the market is further bifurcated into onshore and offshore. Based on type, the market is further segmented into land rigs, jackup, drill ships, semi-submersible, and others. Based on drilling method, the market is divided into cable drilling, rotary drilling, dual wall reverse - circulating drilling, electro drilling, and directional drilling. Based on operational depth, the market is divided into shallow, deep water, and ultra deep water. Regionally, United States is divided in to West, Midwest, Northeast, South.
Market Players
Schlumberger Limited, Halliburton, Weatherford International Inc., Diamond Offshore Drilling, Inc., KCA Deutag, Pacific Drilling, Valaris plc, Vantage Drilling Co. are some of the leading players operating in the United States Drilling Rig Market.
Report Scope:
In this report, the United States Drilling Rig market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- United States Drilling Rig Market, By Location:
o Onshore
o Offshore
- United States Drilling Rig Market, By Type:
o Land Rigs
o Jackup
o Drill Ships
o Semi-Submersible
o Others
- United States Drilling Rig Market, By Drilling Method:
o Cable Drilling
o Rotary Drilling
o Dual Wall Reverse - Circulating Drilling
o Electro Drilling
- United States Drilling Rig Market, By Operational Depth:
o Shallow
o Deep water
o Ultra-Deep Water
- United States Drilling Rig Market, By Region:
o West
o Midwest
o Northeast
o South
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the United States Drilling Rig Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
4. Impact of COVID-19 on United States Drilling Rig market
5. Voice of Customer
6. United States Energy Outlook
7. United States Rig Count Outlook
8. United States Drilling Rig market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Location (Onshore, Offshore)
8.2.2. By Type (Land Rigs, Jackup, Semi-Submersible, Drill Ships)
8.2.3. By Drilling Method (Rotary Drilling, Dual Wall Reverse- Circulating Drilling, Cable Drilling, Directional Drilling, Electro Drilling)
8.2.4. By Operational Depth (Shallow, Deep water, Ultra Deep Water)
8.2.5. By Region (West, Midwest, Northeast, South)
8.3. By Company (2022)
8.4. Market Map
9. West United States Drilling Rig market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Location
9.2.2. By Type
9.2.3. By Drilling Method
9.2.4. By Operational Depth
10. Midwest United States Drilling Rig market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Location
10.2.2. By Type
10.2.3. By Drilling Method
10.2.4. By Operational Depth
11. Northeast United States Drilling Rig market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Location
11.2.2. By Type
11.2.3. By Drilling Method
11.2.4. By Operational Depth
12. South United States Drilling Rig market Outlook
12.1. Market Size & Forecast
12.1.1. By Value
12.2. Market Share & Forecast
12.2.1. By Location
12.2.2. By Type
12.2.3. By Drilling Method
12.2.4. By Operational Depth
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends & Developments
15. Policy and Regulatory Landscape
16. United States Economic Profile
17. Company Profiles
17.1. Schlumberger Limited
17.1.1. Business Overview
17.1.2. Key Revenue and Financials (If Available)
17.1.3. Recent Developments
17.1.4. Key Personnel
17.1.5. Key Product/Services
17.2. Halliburton
17.2.1. Business Overview
17.2.2. Key Revenue and Financials (If Available)
17.2.3. Recent Developments
17.2.4. Key Personnel
17.2.5. Key Product/Services
17.3. Weatherford International Inc.
17.3.1. Business Overview
17.3.2. Key Revenue and Financials (If Available)
17.3.3. Recent Developments
17.3.4. Key Personnel
17.3.5. Key Product/Services
17.4. Diamond Offshore Drilling, Inc.
17.4.1. Business Overview
17.4.2. Key Revenue and Financials (If Available)
17.4.3. Recent Developments
17.4.4. Key Personnel
17.4.5. Key Product/Services
17.5. KCA DEUTAG
17.5.1. Business Overview
17.5.2. Key Revenue and Financials (If Available)
17.5.3. Recent Developments
17.5.4. Key Personnel
17.5.5. Key Product/Services
17.6. Pacific Drilling
17.6.1. Business Overview
17.6.2. Key Revenue and Financials (If Available)
17.6.3. Recent Developments
17.6.4. Key Personnel
17.6.5. Key Product/Services
17.7. Valaris plc
17.7.1. Business Overview
17.7.2. Key Revenue and Financials (If Available)
17.7.3. Recent Developments
17.7.4. Key Personnel
17.7.5. Key Product/Services
17.8. Vantage Drilling Co.
17.8.1. Business Overview
17.8.2. Key Revenue and Financials (If Available)
17.8.3. Recent Developments
17.8.4. Key Personnel
17.8.5. Key Product/Services
18. Strategic Recommendations
19. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security