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Procurement Market Intelligence Report

Slickline Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Slickline Services?

What is the average price of Slickline Services?

This procurement report includes pricing information to help you purchase Slickline 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 Slickline 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 Slickline 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 Slickline 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 Slickline 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 Slickline Services?

ProcurementIQ estimates that roughly 900 vendors offer slickline services, 80.7% of which have fewer than 20 employees, and only 4.8% having more than 100. The top four companies (Schlumberger, Halliburton, General Electric and Weatherford International) are estimated to account for a combined 45.0% of the total market share in 2018,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Research & Development

What share of your company's revenue is allocated toward R&D initiatives?

How have your R&D investments changed during the past five years?

Can you provide concrete examples of how your company's R&D investments helped you provide more high-quality and cost-effective slickline services?

What technologies does your company offer that reduce overall environmental impact and cleanup costs?

Supplier Experience

How long have you been providing slickline services?

How many wells have you serviced that are similar to mine?

What kinds of slickline services account for the majority of your business?

What kinds of equipment and employee training do you possess that set you apart from competitors?

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Key elements for every RFP

What should my Slickline Services RFP include?

Project Budget

Buyers should state their total budget for the project described in the RFP.

Buyers should state their payment expectations, stating the method in which they will be paying for these services as well as the frequency of payments.

Selection Criteria

Buyers should consider the experience of the supplier, taking into consideration their experience in both the overall market and working on projects similar to the buyer's.

Buyers should consider the safety record of the service provider, giving preference to vendors that have a history of minimal accidents.

Buyers should consider the proposed cost of the project from each supplier.

Project Schedule

Buyers should provide a timeline, highlighting key dates that pertain to the RFP process, including the final dates to submit questions to the buyer and provide a bid.

Buyers should provide a timeline that covers the key milestones of the overall project, including the first day the supplier will begin to render services and the expected completion date.

Evaluate major factors to mitigate risk

How risky is the Slickline Services supply chain?

Buyers of slickline services face a medium level of risk from supply chain factors. Operators rely on trucks, metal foundry goods and oil and gas machinery, which are all primarily made from steel. Fluctuations in demand for raw materials have caused iron and steel prices to be highly volatile during... Subscribe to learn more.

HIGH

MEDIUM

LOW