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Procurement Market Intelligence Report

Oil & Gas Land Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Oil & Gas Land Services?

What is the average price of Oil & Gas Land Services?

This procurement report includes pricing information to help you purchase Oil & Gas Land 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 Oil & Gas Land 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 Oil & Gas Land 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 Oil & Gas Land 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 Oil & Gas Land 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 ?

The market for oil and gas land services contains an estimated 1,550 suppliers in 2020, with no major players generating a significant share of market revenue, indicating a low level of market share concentration. The market is highly fragmented because the market is primarily composed of small-scale vendors that operate... 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?

Regulation

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?

Experience

How long has your company been a provider of oil and gas land services?

Who are your top customers?

How many clients do you currently serve?

How have your operations progressed over the years?

Competition

Why are your rates more or less expensive than your competitors'?

How many of your clients are repeat customers?

What does your company do to gain awareness in this saturated market? How do your services differ from other vendors?

Can you provide testimonials or a list of contacts to use as a referral?

Customer Service

Will there be a single account manager assigned to my project?

In the event that an issue occurs or my company experiences dissatisfaction with the service, what are the typical actions taken by your company to resolve all issues?

What is the average response time when resolving any issues that come up?

How often do you communicate with your clients regarding the progress of the project?

Employees

Does your company have a permanent team of landmen or does your company hire outside independent contractors?

What certifications are held by the landmen that will be assigned to my project?

What type of training do you provide your employees? How often are they retrained?

How does your company stay up-to-date with all the regulations pertaining to these services?

Staff Turnover

What is your average staff turnover rate?

Of the team that would be assigned to my project, how long has each member been a part of your company?

What attracts and retains valuable employees at your company?

If a member of the team assigned to my project leaves the company, will they be replaced with someone of equal or greater experience?

Financial Stability

Has your company ever been at risk of bankruptcy? How did your company overcome this?

Has your company made any significant investments recently? How have these affected your profit?

Does your company have any future investments planned? Will these affect the price of your services?

Have you ever adjusted the price of your service due to changes in profit?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state their expected contract value, detailing what costs are included in the budget.

Buyers should state their preferred payment methods, include the frequency of payments and method.

Selection Criteria

Buyers should assess the vendor's level of experience in the market, specifically their experience with the specific land services being requested.

Buyers should consider the vendor's reputation in the market, including their reputation for quality work and customer service.

Buyers should consider the vendor's proposed cost of the services.

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, including the final dates to submit questions and final proposals.

Buyers should provide a list of key milestones that will occur after the vendor has been selected, such as the first day services are to begin and the dates of which individual services are to be completed by.

Evaluate major factors to mitigate risk

How risky is the supply chain?

During the three years to 2020, the supply chain associated with oil and gas land services has presented a moderate risk for causing service disruptions. Upstream suppliers include computer and software wholesalers, office supply stores and copier and office equipment wholesalers. Suppliers of oil and gas land services use this... Subscribe to learn more.

HIGH

MEDIUM

LOW