United States Onshore Drilling Fluid Market Size (2024 - 2029)

The United States onshore drilling fluid market is anticipated to experience significant expansion over the forecast period, driven by rising demand from the Permian basin. However, challenges associated with drilling fluids may impede market growth. The increasing exploitation of unconventional reserves presents a potential opportunity for the market's future development.

Market Size of United States Onshore Drilling Fluid Industry

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United States Onshore Drilling Fluid Market Report
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 13.00 %
Market Concentration High

Major Players

United States Onshore Drilling Fluid Market Companies

*Disclaimer: Major Players sorted in no particular order

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US Onshore Drilling Fluid Market Analysis

The United States onshore drilling fluid market is expected to witness a CAGR of over 13%, over the forecast period.

  • Continuous growth in demand from Permian basin is expected to drive the demand for the market during the forecast period.
  • Drilling fluid challenges are likely to hinder the market growth.
  • Increasing exploitation of unconventional reserves is projected to act as an opportunity for the market, in the future.

US Onshore Drilling Fluid Industry Segmentation

The United States onshore drilling fluid market report includes:

Additive Type
Protective Chemicals
Fluid Viscosifiers
Weighting Agents
Wetting Agents
Lost Circulation Materials
Thinners
Rheology Modifiers
Surfactants
Alkalinity and pH Control Materials
Shale Stabilizers
Other Additive Types
Product Type
Oil-based Drilling Fluid
Synthetic-based Drilling Fluid
Water-based Drilling Fluid
Basin
Permian
Eagle Ford
Niobrara
Bakken
Appalachia
Other Basins
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United States Onshore Drilling Fluid Market Size Summary

The United States onshore drilling fluid market is poised for significant growth, driven primarily by the increasing demand from the Permian Basin, a key region for oil and natural gas production. This basin, spanning West Texas and Southeastern New Mexico, is a major contributor to the country's shale oil output and is expected to become one of the largest crude-producing areas globally. The revival of activity in sub-basins like the Delaware and Marfa Basins, fueled by the exploitation of unconventional reserves, presents substantial opportunities for market expansion. However, challenges related to drilling fluid performance may pose obstacles to growth. The market is characterized by a consolidated landscape, with major players such as Horizon Mud, Aes Drilling Fluids, MEDSERV, Baker Hughes, and Schlumberger Limited playing pivotal roles.

Oil-based drilling fluids, known for their ability to reduce well friction and maintain stability under high temperature and pressure conditions, are increasingly utilized in the U.S. onshore drilling sector. These fluids, formulated with base oils like diesel and mineral oil, are particularly effective in high-depth zones and are crucial for maintaining pH levels during drilling operations. Despite the challenges posed by high-gas solubility, which complicates kick detection, the development of shale and tight gas reserves is expected to enhance the demand for oil-based drilling fluids. The market's growth trajectory is supported by the ongoing exploration and production activities in the Permian Basin, underscoring the strategic importance of drilling fluids in the U.S. energy landscape.

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United States Onshore Drilling Fluid Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Low Breakeven Price and High Crude Oil Price

      2. 1.1.2 Increasing Demand for Longer Lateral Length

      3. 1.1.3 Continuous Growth in Demand from Permian Basin

    2. 1.2 Restraints

      1. 1.2.1 High DUC Well Count

      2. 1.2.2 Drilling Fluid Challenges

    3. 1.3 Value Chain/Supply Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Regulations and Policies

    6. 1.6 Raw Materials Trends

    7. 1.7 Technology Snapshot

  2. 2. MARKET SEGMENTATION

    1. 2.1 Additive Type

      1. 2.1.1 Protective Chemicals

      2. 2.1.2 Fluid Viscosifiers

      3. 2.1.3 Weighting Agents

      4. 2.1.4 Wetting Agents

      5. 2.1.5 Lost Circulation Materials

      6. 2.1.6 Thinners

      7. 2.1.7 Rheology Modifiers

      8. 2.1.8 Surfactants

      9. 2.1.9 Alkalinity and pH Control Materials

      10. 2.1.10 Shale Stabilizers

      11. 2.1.11 Other Additive Types

    2. 2.2 Product Type

      1. 2.2.1 Oil-based Drilling Fluid

      2. 2.2.2 Synthetic-based Drilling Fluid

      3. 2.2.3 Water-based Drilling Fluid

    3. 2.3 Basin

      1. 2.3.1 Permian

      2. 2.3.2 Eagle Ford

      3. 2.3.3 Niobrara

      4. 2.3.4 Bakken

      5. 2.3.5 Appalachia

      6. 2.3.6 Other Basins

United States Onshore Drilling Fluid Market Size FAQs

The United States Onshore Drilling Fluid Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)

Horizon Mud Company Inc., Medserv PLC, Baker Hughes A GE Co. and Schlumberger Limited are the major companies operating in the United States Onshore Drilling Fluid Market.

US Onshore Drilling Fluid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)