Procurement Market Intelligence Report
Hydraulic Fracturing Services
Sourcing Guide & Market Intelligence
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Hydraulic Fracturing Services Global Overview
Definition
Summary
Suppliers of hydraulic fracturing services for oil and natural gas extraction, commonly known as fracing or fracking, use a highly pressurized liquid solution primarily composed of water and sand to create fractures in rock formations below the surface of the Earth. Providers of this service help buyers obtain higher yields of oil and natural gas during their operations. Key buyers include oil drilling and extraction firms, natural gas drilling and extraction firms, and uranium mining firms.
This Report Includes:
- Fracturing Fluids
- Well Stimulation
Not in this Report:
- Drilling Services
- Extraction Services
Global Hydraulic Fracturing Services Procurement Trends
Discover the top international trends affecting procurement in the global Hydraulic Fracturing 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 Hydraulic Fracturing Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 China | 1,829 |
| #2 United States | 695 |
| #3 Europe | 552 |
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Geography Drilldown - US
Average Cost of Hydraulic Fracturing Services
United States
2026 Market Pricing$1,000,000.00 to $X,XXX,XXX.XX
per wellAverage Price
Prices in the Hydraulic Fracturing Services market range from $1,000,000.00 to $X,XXX,XXX.XX, depending on Location, Geological Complexity and Drilling Direction. For example, lower prices are associated with Texas ($1,785,730 to $2,678,600 per well) and Oklahoma ($1,876,460 to $2,814,690 per well), whereas higher prices are associated with Pennsylvania ($2,668,510 to $4,002,770 per well).
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Hydraulic Fracturing Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Hydraulic Fracturing Services market, prices in the US have grown 0.7% 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 Hydraulic Fracturing Services
Total cost of ownership is High in the Hydraulic Fracturing 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 Hidden Fees may raise the total cost of ownership unexpectedly.
Negotiated Before
Other Fees
Pre-evaluation
Transportation
Billed During
Insurance
Inspections
Compliance
Unforeseen
Hidden Fees
Delays
Emergencies
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.8 in the United States. Buyer power is most positively impacted by Product Specialization. It is most negatively impacted by Forecast Price Trend. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
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- 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 Medium, 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
- Industrial Machinery & Equipment Wholesalers
- Truck & Bus Manufacturers
- Sand & Gravel Mining Firms
2nd
Tier Suppliers
- Iron & Steel Manufacturers
- Electrical Equipment Manufacturers
- Automobile Engine & Parts Manufacturers
- Tire Wholesalers
Biggest Hydraulic Fracturing Services Suppliers in the US by Revenue
The largest Hydraulic Fracturing Services vendors by revenue in the US are RPC Inc., NexTier Oilfield Solutions Inc. and CalFrac Well Services 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 | ||||
| Technipfmc Plc | Global | NEWCASTLE UPON TYNE | >10,000 | 5-10 | ||||
| Liberty Oilfield Services LLC | National | DENVER | 1,001-10,000 | 5-10 | ||||
| ProFrac Holding Corp. | National | WILLOW PARK | 1,001-10,000 | 5-10 | ||||
| CalFrac Well Services Ltd. | Global | Calgary, CA | 1,001-10,000 | 5-10 | ||||
| NexTier Oilfield Solutions Inc. | HOUSTON, TX | 1,001-10,000 | 5-10 | |||||
| Patterson-UTI Energy Inc. | USA | 5-10 | ||||||
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Profit Analysis
The average profit margin across vendors in the Hydraulic Fracturing Services market is 4.2% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Wages. 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
The market for hydraulic fracturing services is highly concentrated as market volatility has forced numerous large operators to exit the market in the past three years. However, competitive pressures still exist among small to midsize suppliers in the market.
Supply chains for hydraulic fracturing services pose a moderate risk of creating cost fluctuations or service disruptions for buyers. Market operators rely on specialized industrial machinery and sand, which has experienced shortages in the past three years.
The average vendor financial risk is considered moderate due to the highly capital-intensive nature of market services. There have been ongoing challenges in the market due to fluctuations in oil and gas prices and numerous market operators have exited, but larger suppliers (i.e., Baker Hughes, Halliburton, and Schlumberger) have been able to withstand market pressures.
The United States is a net importer of hydraulic fluid power pumps, commonly used in the provision of market services, which means it imports more than it exports. While there are foreign suppliers that operate within the United States, importing these products has little effect on service prices.
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
Schlumberger Limited
Schlumberger Limited is a public company operating globally in the mining, manufacturing, manufacturing, professional, scientific and technical services and other services (except public administration) sectors. The company's offerings include inflow control devices, drilling tools, drill bits, downhole instrumentation,... Subscribe to learn more
CalFrac Well Services Ltd.
CalFrac Well Services Ltd. is a public company operating globally in the mining sector. The company's offerings include coiled tubing services, well stimulation services, well cementing services, hydraulic fracturing services and well construction & production services. Founded in 1999, the company is currently... Subscribe to learn more
Liberty Oilfield Services LLC
Liberty Energy Inc. is an energy services and technology company serving onshore oil and natural gas exploration and production (E&P) companies. It offers hydraulic fracturing and complementary services, including wireline services, proppant delivery solutions, field gas processing and treating, compressed... Subscribe to learn more
NexTier Oilfield Solutions Inc.
NexTier Oilfield Solutions Inc. is a public company operating in the mining sector. The company's offerings include wireline & perforating services, well cementing services and hydraulic fracturing services. Founded in 2020, the company is currently headquartered in HOUSTON, Texas, United States of America... Subscribe to learn more
Patterson-UTI Energy Inc.
Patterson-UTI Energy Inc. is a private company operating internationally in the mining sector. The company's offerings include hydraulic fracturing services. Founded in 1978, the company is currently headquartered in Houston, Texas, United States of America with an estimated 5500 employees. Subscribe to learn more
ProFrac Holding Corp.
ProFrac Holding Corp. is a public company operating nationally in the mining sector. The company's offerings include hydraulic fracturing services. Founded in 2014, the company is currently headquartered in WILLOW PARK, Texas, United States of America with an estimated 3664 employees. Subscribe to learn more
Technipfmc Plc
Technipfmc Plc is a public company operating globally in the mining and construction sectors. The company's offerings include well stimulation services, formation evaluation services, well cementing services, oilfield modeling services, hydraulic fracturing services. Founded in 2017, the company is currently... Subscribe to learn more
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Procurement Management KPIs for the Hydraulic Fracturing Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Customer Complaints and Employee Training Rate. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Regulatory Compliance and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Customer Complaints |
|
Number of customer responses Number of customer complaints |
Customer complaints can be used to evaluate a company’s reputation and its relationship with individuals within the communities where fracking operations are conducted. This KPI can also be used to determine recurring issues and the likelihood of increased environmental compliance costs. |
| Employee Training Rate |
|
Number of employees that undergo evaluation Number of employees that pass evaluation |
The employee training rate represents the share of employees a company is able to successfully train. The employee training rate can be used to determine a company’s ability to train quality employees. This KPI can also be used to determine the likelihood of safety-related incidents at well sites as highly trained employees will typically make less mistakes. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Experience and Expertise
How long has your company been a supplier of hydraulic fracturing services?
Who are your current top customers?
Technology
How has your technology evolved in the past three years? How has this affected your customers?
What complications have you encountered that were a result of insufficient equipment? How were your customers affected?
Competition
How do you attract new clients and retain existing ones?
What does your company do to maintain a competitive edge in this market?
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Hydraulic Fracturing Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide a description of their company and operations.
Buyers should list additional services required beyond hydraulic fracturing.
Statement Of Need
Buyers should specify the total width and depth of well(s).
Buyers should specify the type(s) of well(s) (i.e., horizontal or vertical).
Project Budget
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.
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- Opportunity assessment
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- Price environment and market pricing
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- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
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