The global cementing services market moves in conjunction with drilling activity and in response to the trend toward increased lateral length in horizontal wells. Global demand for cementing services is on track to grow 23% to $8.9 billion in 2018 lifted by the continued growth in North American land drilling activity. With rising oil prices driving further gains in exploration and development activity, the cementing services market growth is projected to accelerate over the near term in response to higher rig count and increasing lateral length.
Clients subscribing to the Cementing Market report will receive complete and revised market reports each quarter for one year. In these years of massive change in the industry, Spears is committed to keeping clients up to date on commercial, technical and activity trends within the sector.
Developed in partnership with Oilfield Logix, Spears evaluated the cementing programs on several thousand vertical and horizontal wells drilled across the US, combined with interviews with customers, suppliers and service companies. The report also includes Spears’ research on horizontal drilling activity by basin by lateral length, a trend that is having a significant impact on demand for cementing services. The US cementing market is detailed by basin for the period 2014-2018.
The report ranks regional market shares by service company, profiles cement use by type of well, identifies vendor-customer relationships for each play and quantifies the market in terms of dollars, wells and volume of cement pumped.
The Cementing report is available as immediate digital download upon purchase as a slide deck with all supporting tables and graphs.