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Procurement Market Intelligence Report

Well Construction & Production Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Well Construction & Production Services?

What is the average price of Well Construction & Production Services?

This procurement report includes pricing information to help you purchase Well Construction & Production 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 Well Construction & Production 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 Well Construction & Production 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 Well Construction & Production 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 Well Construction & Production 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 4,673 suppliers of well construction and production services in 2019. The market has a moderate level of market share concentration because the market's four major players generate between 30.0% and 50.0% of total revenue. These four players are diversified suppliers that offer the full spectrum of... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Environmental Impact

What technologies do your drilling fluids and fracturing fluids use to reduce environmental harm?

What studies have you commissioned to better understand your operations' impact on watersheds, aquifers and sensitive aquatic habitats?

How do you establish baseline measures for water and air quality before you begin operations?

How do you dispose of drill cuttings?

How do you monitor, treat, store and transport used drilling and fracturing fluids?

Have you implemented systems that bring you into compliance with upcoming federal regulations for emissions capture at wellheads?

Additional Services & Subcontracting

How will service integration alter my satisfaction as a customer?

What discounts are available if I bundle services?

What services included in a bundled contract will you outsource to subcontractors?

How will you control for risk when outsourcing to subcontractors?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget, and how to proceed if the budget is exhausted before the services are completed.

Buyers should specify the desired payment terms.

Selection Criteria

Buyers should ensure the proximity of suppliers to cut lead times.

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

Project Schedule

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?

There is moderate supply chain risk for well construction and production services. First tier suppliers include oil and gas machinery manufacturers, drilling and fracturing fluid manufacturers and transport vehicle wholesalers. Drilling and fracturing fluid manufacturers present significant risk because these fluids are essential for day-to-day operations, and various additives used... Subscribe to learn more.