Learn about actual and potential costs
How much should I pay for Hydraulic Fracturing Services?
What is the average price of Hydraulic Fracturing Services?
This procurement report includes pricing information to help you purchase Hydraulic Fracturing Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Hydraulic Fracturing Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Hydraulic Fracturing Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Hydraulic Fracturing Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Hydraulic Fracturing Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
There are an estimated 695 suppliers of hydraulic fracturing services that operate throughout the United States. Market share concentration is high, with the top four suppliers accounting for over 50.0% of the total market value. Although startup costs include large capital investments, operating costs are low relative to potential revenue.... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
How long has your company been a supplier of hydraulic fracturing services?
Who are your current top customers?
How many clients do you currently serve?
How have your operations progressed in the past three years?
What challenges have you encountered on past projects? How did you overcome them?
How has your technology evolved in the past three years? How has this affected your customers?
What complications have you encountered that were a result of insufficient equipment? How were your customers affected?
How does your technology and equipment compare with your competitors?
How often do you experience equipment malfunctions that result in disruptions of your service?
How do you attract new clients and retain existing ones?
What does your company do to maintain a competitive edge in this market?
Why are your prices more or less expensive than that of your competitors?
How has your company expanded within the market in the past three years? How has this had an effect on your clients?
What does your company do to stay informed of all regulations and changes that may occur?
In the event that your company does not follow all regulations, how does this affect me as the buyer?
Does your staff have all the required certifications needed to legally perform hydraulic fracturing?
Has your company ever experienced any legal complications from failing to comply with any laws?
Can you provide testimonials from past or current customers?
How many of your clients are returning customers?
How do you work with your customers to guarantee their satisfaction?
Do you offer any incentives for returning customers?
What is the minimum level of training your staff is required to complete?
Do you provide ongoing training for your staff to ensure their knowledge and skills are up to date?
Regarding the team that will be on this project, how long has each member been with your company?
If a member of your team leaves during the operation, will they be replaced with an equally qualified employee? How will the length of the project be affected?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their total budget.
Buyers should provide an explanation of how additional costs will be handled, such as transport, housing and other travel expenditures.
Buyers should ensure the proximity of suppliers to reduce lead times.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers should specify the date when proposals are due and when the award will be announced.
Buyers should specify the required duration of the contract.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for hydraulic fracturing services poses a moderate risk of creating cost fluctuations or service disruptions for buyers. The key inputs of this service include specialized industrial machinery, various materials used during fracturing and the trucks used to transport these materials. Suppliers use industrial machinery manufacturers to... Subscribe to learn more.