Oil & Gas Equipment & Services
This support sector provides the specialized tools, technology, and technical maintenance required by drilling and E&P firms to facilitate the extraction process.
Why it exists
This industry supplies the specialized tools, engineering, and technical labor required to drill, complete, and maintain wells.
Why it’s necessary
E&Ps outsource complexity, risk, and innovation to service providers. Without them, modern wells cannot be drilled efficiently or safely.
Key components
Pressure pumping & fracking spreads
Logging, wireline, and measurement tools
Subsea systems and offshore equipment
Inspection, maintenance, and testing services
How to evaluate businesses
Evaluate backlog, pricing power during upcycles, technology differentiation, global footprint, and operating leverage. Watch customer concentration and exposure to international vs U.S. shale markets.
How the industry could be improved
Standardized completion designs, robotics in hazardous environments, predictive reservoir diagnostics, and outcome-based service pricing tied to production performance.