Procurement Market Intelligence Report
Coring Services
Sourcing Guide & Market Intelligence
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Coring Services Global Overview
Definition
Summary
Coring services involve obtaining recoveries of core samples for subsequent data evaluation. Suppliers provide services such as conventional core drilling, core isolation, horizontal coring, core analysis, antijamming system services, motor coring, oriented coring, and core preservation. Most of these services must be performed on-site. Key buyers of coring services include oil drilling and gas extractors, mining, and engineering firms.
This Report Includes:
- Core Drilling
- Core Analysis
- Horizontal Coring
- Core Isolation
- Core Preservation
Not in this Report:
- Procurement of Coring Equipment
- Coiled Tubing Services
Global Coring Services Procurement Trends
Discover the top international trends affecting procurement in the global Coring Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Coring Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 1,985 |
| #2 United States | 200 |
| #3 Europe | 160 |
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2
Geography Drilldown - US
Average Cost of Coring Services
United States
2026 Market Pricing$250.00 to $XXX.XX
per footAverage Price
Prices in the Coring Services market range from $250.00 to $XXX.XX, depending on Project Type, Estimated Project Hours and Recovery Rate. For example, lower prices are associated with Sidewall coring ($550 to $650 per foot), whereas higher prices are associated with Conventional coring ($650 to $750 per foot).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Coring Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Coring Services market, prices in the US have grown 0.2% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Coring Services
Total cost of ownership is Low in the Coring Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Emergencies may raise the total cost of ownership unexpectedly.
Negotiated Before
Pre-evaluation
Other Fees
Billed During
Insurance
Travel
Unforeseen
Emergencies
Wage Inflation
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -1.0 in the United States. Buyer power is most positively impacted by Recent Price Volatility. It is most negatively impacted by Average Vendor Risk. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Mining, Oil & Gas Machinery Manufacturers
- Oil & Gas Drilling Equipment Manufacturers
- Computer Stores
2nd
Tier Suppliers
- Steel Rolling & Drawing Firms
- Ferrous Metal Foundry Producers
- Computer Manufacturers
Biggest Coring Services Suppliers in the US by Revenue
The largest Coring Services vendors by revenue in the US are Canamera Coring Inc., Professional Directional Enterprises Inc. and Boart Longyear Ltd. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Schlumberger Limited | Global | HOUSTON, TX | >10,000 | 10-15 | ||||
| Halliburton Company | Global | HOUSTON | >10,000 | 10-15 | ||||
| Baker Hughes Company | Global | HOUSTON, TX | >10,000 | 10-15 | ||||
| Nov Inc. | Global | HOUSTON, TX | >10,000 | 10-15 | ||||
| SECURE Energy Services Inc. | Global | Calgary, CA | 1,001-10,000 | < 5 | ||||
| ALS Global LLC | Global | Brisbane, AU | >10,001 | < 5 | ||||
| Boart Longyear Ltd. | Global | Salt Lake City, US | 1,001-10,000 | < 5 | ||||
| Penhall International Corporation | International | Irving, TX | 1,001-10,000 | < 5 | ||||
| Core Laboratories N.V. | Global | 1181 LE AMSTELVEEN | 1,001-10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Coring Services market is 16.4% and rising. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Purchases. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Vendors are at low risk of bankruptcy. Moderate profit levels and positive demand trends, especially for large market operators, contribute to less vendor risk, thus benefiting buyers in service stability.
The top four vendors account for a moderate share of the coring services market. The large vendors; which include Halliburton, Baker Hughes, Nov, and Schlumberger; can leverage their size, name, and a wide array of operations to accumulate market share and reduce buyer power.
Suppliers are at high risk of supply chain disruptions, especially those who do not have good relationships with upstream machinery suppliers. Increased volatility in inputs used to produce machinery has contributed to higher risk for buyers.
The United States is a net importer of metal boring machines, indicating that buyers may have greater access to competitive goods with lower prices or unique features. However, depending on foreign suppliers may leave buyers open to supply chain disruptions caused by foreign currency exchange issues.
Supplier Information
Baker Hughes Company
Baker Hughes Company is a public company operating globally in the mining, manufacturing, manufacturing and professional, scientific and technical services sectors. The company's offerings include inflow control devices, coiled tubing monitoring systems, drilling fluids, hydraulic power tongs, oilfield separators.... Subscribe to learn more
Halliburton Company
Halliburton Company is a products and services provider to the energy industry. It organizes its business into two operating segments: Completion and Production segment, which delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and... Subscribe to learn more
Nov Inc.
NOV Inc. is a provider of equipment and technology to the global energy industry. It organizes its business into two reporting segments: the Energy Products and Services segment, which provides drill bits, downhole tools, completion tools, artificial lift system, tubular coating and inspection services, solids... Subscribe to learn more
Schlumberger Limited
SLB Limited/NV is a global technology company that develops, distributes, and markets technology, integrated project management, and information solutions to the oil and gas industry. It organizes its business into four segments: the Digital segment, which spans its cloud technologies, domain-focused applications,... Subscribe to learn more
ALS Global LLC
ALS Global LLC is a public company operating globally in the mining and professional, scientific & technical services sectors. The company's offerings include coring services and air quality monitoring services. Founded in 1863, the company is currently headquartered in Bowen Hills, Queensland, Australia Subscribe to learn more
Boart Longyear Ltd.
Boart Longyear Ltd. is a public company operating globally in the mining sector. The company's offerings include coring services. Founded in 1890, the company is currently headquartered in Salt Lake City, United States of America with an estimated 5500 employees. Subscribe to learn more
Canamera Coring Inc.
Canamera Coring Inc. is a private company operating internationally in the mining sector. The company's offerings include coring services. Founded in 2013, the company is currently headquartered in Nisku, Alberta, Canada with an estimated 37 employees. Subscribe to learn more
Core Laboratories N.V.
Core Laboratories N.V. is a public company operating globally in the mining sector. The company's offerings include downhole instrumentation, coiled tubing monitoring systems, seismic data processing services, coring services, formation evaluation services. Founded in 1936, the company is currently headquartered... Subscribe to learn more
Penhall International Corporation
Penhall International Corporation is a private company operating internationally in the mining and construction sectors. The company's offerings include coring services and demolition services. Founded in 1957, the company is currently headquartered in Irving, Texas, United States of America with an estimated... Subscribe to learn more
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Procurement Management KPIs for the Coring Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Customer Satisfaction (CSAT) and Mean Time to Repair. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Termination and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Customer Satisfaction (CSAT) |
|
Number of customers reviews Number of positive customers reviews |
Customer satisfaction represents customers’ overall satisfaction with a company. Customer satisfaction can be used to evaluate a company’s reputation. |
| Mean Time to Repair |
|
Number of maintenance hours Number of asset failures |
The mean time to repair represents the average time it takes to repair an inoperative asset. The mean time to repair can be used to determine the amount of time it will take to resolve an asset failure. Since coring services require complex machinery, machine failure can delay projects significantly. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
Have you performed coring solutions for businesses similar to mine? Can you provide a portfolio of similar projects on which you have worked?
Who are your current clients?
Timeliness
How accurate are your time estimates for projects?
What checks and balances are in place to assure that the work is done on time without sacrificing quality?
Customer Service
How do you track customer satisfaction?
Do you provide client references?
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Coring Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide an overview of their company and the scale of their operations.
Buyers should specify the cities and state(s) where they require coring services.
Statement Of Need
Buyers should specify the desired types of coring services.
Buyers should identify the type(s) of resources they extract.
Project Budget
Buyers should specify their total budget.
Buyers should specify the desired payment terms.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
