Available for immediate digital download upon purchase.
The 90-page Drill Bit Market includes roller cone, PDC and coring bits, along with other hole opening devices that sit above the drill bit in the bottom hole assembly.
Clients subscribing to the Drill Bit Market report will receive complete and revised drill bit 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.
Drill bits used in the petroleum industry include roller cone, polycrystalline diamond compact (PDC) and coring bits, along with other hole opening devices that sit above the drill bit in the bottom hole assembly. The global market for drill bits fell from over $5 billion in 2014 to $2.2 billion in 2016 in association with the drop in E&P activity. However, due to increased drilling activity in North America and the use of longer laterals in horizontal wells the worldwide bit market grew 27% last year and is expect to grow an additional 18% in the current year.
The Drill Bit Market report covers the following topics:
Global oil and gas demand and supply
Oil and gas prices
Drilling activity by region
Drill bit market size ($) and growth
By type of bit (roller cone vs. PDC) 2006-present
US Market by Region 2014-present
Trends in operators’ drilling practices
Regulatory and technological change
Profile of leading drill bit firms
Revenues by company, 2006-present