Skip to the content

Procurement Market Intelligence Report

Underbalanced Drilling Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Underbalanced Drilling Services?

What is the average price of Underbalanced Drilling Services?

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

There are an estimated 186 suppliers of underbalanced drilling services in the United States. The top four providers account for roughly 35.0% of total market revenue, indicating a moderate level of market share concentration. Market share concentration is moderate primarily because market leaders operate on a large scale and perform... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Pricing Structure

How have cost fluctuations for key inputs affected the price of your services in the past three years?

What key input has the largest effect on the price of your services?

What steps do you take to mitigate the risk of sudden cost fluctuations?

What do you expect to have the most significant influence on the price of your services during the next three years?

Competition

What methods does your company use to attract and retain clients?

How does your company maintain a competitive edge in the market?

What sets your services apart from your competitors?

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

Financial Risk

Has your company ever been at risk of bankruptcy? What did your company do to improve the situation?

How does your company stay profitable during economic downturns or during times of low demand?

What large investments is your company planning to make in the near future?

What are the most significant factors that affect your company's profitability? How does profitability affect the price of your services?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

Key elements for every RFP

What should my Underbalanced Drilling Services RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should specify the desired payment terms.

Buyers should provide an explanation of how additional costs will be handled, such as travel expenditures.

Selection Criteria

Buyers should ensure the proximity of vendors to reduce lead times.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating service providers.

Project Schedule

Buyers should specify the date when proposals are due and when the award will be announced.

Buyers should specify the desired start date of the service.

Evaluate major factors to mitigate risk

How risky is the Underbalanced Drilling Services supply chain?

The supply chain exhibits a moderate level of risk overall, which is a challenge to buyers. Suppliers depend on fuel dealers to operate their machinery and transportation vehicles. As domestic oil production has risen, providers of underbalanced drilling services have had little difficulty obtaining the necessary supply of fuel. However,... Subscribe to learn more.

HIGH

MEDIUM

LOW