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

The report covers United States Onshore Drilling Fluid Market Share and the market is segmented by additive type (protective chemicals, fluid viscosifiers, weighting agents, wetting agents, lost circulation materials, thinners, rheology modifiers, surfactants, alkalinity and ph control materials, shale stabilizers, and other additive types), product type (oil-based drilling fluid, synthetic-based drilling fluid, and water-based drilling fluid), and basin (Permian, eagle ford, Niobrara, Bakken, Appalachia, and other basins).

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US Onshore Drilling Fluid Market Size

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

Compare market size and growth of United States Onshore Drilling Fluid Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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 Market Trends

This section covers the major market trends shaping the US Onshore Drilling Fluid Market according to our research experts:

Continuous Growth in Demand from Permian Basin

  • The Permian Basin, also known as West Texas Basin, is one of the most prolific oil and natural gas geologic basins in the United States. The basin spans West Texas and Southeastern New Mexico.
  • The Permian Basin is approximately 250 miles wide and 300 miles long, across West Texas and Southeastern New Mexico. The basin encompasses several sub-basins, including the Delaware Basin and Midland Basin.
  • Moreover, with increasing demand for unconventional resources, the activity in the Delaware Basin and Marfa Basin has revived. Currently, the number of exploring wells are increasing in the basin.
  • Additionally, it is the largest shale oil producing basin in the country, and is poised to become one of the largest crude producing regions, only next to Saudi Arabia and Russia. The major operators in the basin include Pioneer Natural Resources Company, Occidental Petroleum Corporation, Apache Corporation, CONCHO RESOURCES INC. (COG OPERATING LLC), and BHP Billiton Pet (Txla OP) CO., among others.
United States Onshore Drilling Fluid Market Size

Increasing Demand for Oil-based Drilling Fluids

  • Oil-based drilling fluid is a type of invert-emulsion, with oil being the continuous phase. It is mostly formulated with base oils, such as diesel oil and mineral oil. Oil-based muds have an oil/water ration ranging from 65/35 to 95/5.
  • Oil-based drilling fluids aid in lower well frictions, as compared to other types of drilling fluids. This makes them highly useful in high-depth and zones to withstand high temperature and pressure. These fluids do not interact with water-wet rocks, owing to their capillary pressure.
  • Additionally, oil-based drilling muds help in maintaining the pH levels during drilling operations, to withstand the effects of wellbore gases, such as hydrogen sulfide and carbon dioxide.
  • The high-gas solubility in oil-based muds also makes the detection of kicks more challenging, as compared to their water-based counterparts.
  • Such increasing development of shale and tight gas reserves in the country is expected to boost the usage of oil-based drilling fluids, during the forecast period.
United States Onshore Drilling Fluid Market Share

US Onshore Drilling Fluid Industry Overview

The United States onshore drilling fluid market is consolidated. Key players in the market include Horizon Mud, Aes Drilling Fluids, MEDSERV, Baker Hughes, and Schlumberger Limited, among others.

US Onshore Drilling Fluid Market Leaders

  1. Horizon Mud Company Inc.

  2. Medserv PLC

  3. Baker Hughes A GE Co.

  4. Schlumberger Limited

*Disclaimer: Major Players sorted in no particular order

Horizon Mud Company Inc., Medserv PLC, Baker Hughes A GE Co., Schlumberger Limited
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US Onshore Drilling Fluid Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Low Breakeven Price and High Crude Oil Price

      2. 4.1.2 Increasing Demand for Longer Lateral Length

      3. 4.1.3 Continuous Growth in Demand from Permian Basin

    2. 4.2 Restraints

      1. 4.2.1 High DUC Well Count

      2. 4.2.2 Drilling Fluid Challenges

    3. 4.3 Value Chain/Supply Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Regulations and Policies

    6. 4.6 Raw Materials Trends

    7. 4.7 Technology Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Additive Type

      1. 5.1.1 Protective Chemicals

      2. 5.1.2 Fluid Viscosifiers

      3. 5.1.3 Weighting Agents

      4. 5.1.4 Wetting Agents

      5. 5.1.5 Lost Circulation Materials

      6. 5.1.6 Thinners

      7. 5.1.7 Rheology Modifiers

      8. 5.1.8 Surfactants

      9. 5.1.9 Alkalinity and pH Control Materials

      10. 5.1.10 Shale Stabilizers

      11. 5.1.11 Other Additive Types

    2. 5.2 Product Type

      1. 5.2.1 Oil-based Drilling Fluid

      2. 5.2.2 Synthetic-based Drilling Fluid

      3. 5.2.3 Water-based Drilling Fluid

    3. 5.3 Basin

      1. 5.3.1 Permian

      2. 5.3.2 Eagle Ford

      3. 5.3.3 Niobrara

      4. 5.3.4 Bakken

      5. 5.3.5 Appalachia

      6. 5.3.6 Other Basins

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 IMDEX LIMITED

      2. 6.4.2 Horizon Mud

      3. 6.4.3 Aes Drilling Fluids

      4. 6.4.4 MEDSERV

      5. 6.4.5 Baker Hughes Company

      6. 6.4.6 Schlumberger Limited

      7. 6.4.7 Newpark Resources Inc.

      8. 6.4.8 Weatherford

      9. 6.4.9 National Oilwell Varco

      10. 6.4.10 Francis Drilling Fluids Ltd

      11. 6.4.11 Oleon Americas Inc. (Avril Group)

      12. 6.4.12 Q'max Solutions Inc.

      13. 6.4.13 Unique Drilling Fluids Inc.

      14. 6.4.14 Sunwest Fluids LLC

      15. 6.4.15 McAda Drilling Fluids

      16. 6.4.16 Geo Drilling Fluids Inc.

      17. 6.4.17 CES Energy Solutions Corp.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Re-emergence of Austin Chalk

    2. 7.2 Increasing Exploitation of Unconventional Reserves

**Subject to Availability
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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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US Onshore Drilling Fluid Market Research 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.

The report covers the United States Onshore Drilling Fluid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Onshore Drilling Fluid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

US Onshore Drilling Fluid Industry Report

Statistics for the 2023 US Onshore Drilling Fluid market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. US Onshore Drilling Fluid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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