Learn about actual and potential costs
How much should I pay for Well Stimulation Services?
What is the average price of Well Stimulation Services?
This procurement report includes pricing information to help you purchase Well Stimulation 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 Stimulation 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 Stimulation 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 Stimulation 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 Stimulation 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 1,500 providers of well stimulation services in the United States. The market is highly concentrated, with the top four vendors accounting for more than 50.0% of revenue. The highly concentrated nature of the market is largely due to the significant level of capital investment required. Market... 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?
Experience & Expertise
How many wells have you serviced in the formations my wells are in during the past three years?
How long is your typical learning and experimentation period for those wells?
What fracturing fluid recipes do you typically use for those wells?
What equipment and materials does your company possess that gives you a competitive advantage?
Do you have long-term supply contracts in place for guar paste and sand?
What synthetic alternatives are available to you in the event of shortages in the above materials?
Will my service rates remain steady regardless of any input shortages you encounter?
What is the extent of your vertical integration when it comes to fluid and proppant inputs and hydraulic fracturing units?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
Fleet Size & Composition
How many hydraulic fracturing fleets do you operate, and what is the horsepower of your pumps?
Can you detail the composition of the fleet that would service my site?
Do you have a maintenance service contract for your fleets, or do you provide maintenance in-house?
What is the frequency and type of maintenance you perform?
How have your fleets changed during the past three years?
What percentage of the diesel engines you use are Tier-4 compliant?
What technologies do your fracturing fluids use to reduce environmental harm?
What environmental 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 monitor, treat, store and transport flowback fluid?
What is your degree of liability with regard to environmental damage?
Research & Development
What technologies are unique to your company and how will they improve the operation of my well?
What is your research and development budget? How has it changed in the past three years and how is it spent?
How have technologies developed by your company reduced the environmental impact of well stimulation?
What technologies do you use to control the growth of subterranean bacteria that can impede oil and gas flow?
What are the specialties of the crewmembers that will be sent to my well?
How many years of experience can I expect my crew to have?
Who will be my main point of contact and what is their role at your company?
What is your escalation plan in the event of a problem on site that your crew is unable to fix?
As a response to the pandemic, what actions have you take to reduce the risk to your employees and clients? Have any social distancing practices impacted your efficiency?
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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 risk for well stimulation services is moderate. Providers of well stimulation rely on a constant supply of inputs such as drilling fluids, oil and gas machinery and trucks. Among these inputs, drilling fluids present the most significant risk to the supply chain. Drilling fluids are forced into... Subscribe to learn more.