Oil & Gas Well Drilling Industry Overview

Companies that engage in drilling oil or gas wells.

Full Oil & Gas Well Drilling Industry Description

Price Volatility

Increased demand in recent years has allowed companies to raise prices and limit discounting. Prices for drilling products and services rose 70 percent from 2003 to 2005, and for other oil and gas field services rose 22 percent. Higher prices increase profitability and allow companies to invest in new equipment and hiring.

Full Oil & Gas Well Drilling Industry Trends

• Abbot Group plc
• Blast Energy Services, Inc.
• Bronco Drilling Company, Inc.

View more Oil & Gas Well Drilling Competitors

Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Oil & Gas Well Drilling maps to a number of NAICS codes including:

Full Oil & Gas Well Drilling Industry Codes

• American Association of Petroleum Geologists
  
• American Petroleum Institute
  
• Energy Information Administration
  

View more Oil & Gas Well Drilling Industry Associations