Drilling Products & Services

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

• General
• Macroeconomic Environment
• Petroleum & Natural Gas Outlook
  • Natural Gas
    • Exploration & Reserves
    • Production
    • Drilling
    • Pricing
  • Petroleum
    • Exploration & Reserves
    • Production
    • Drilling
    • Pricing
• Drilling Outlook
• Drilling Rigs
• Drilling Products & Services Historical Market Trends
• Pricing for Selected Drilling Products & Services
• Environmental & Regulatory Considerations
• Foreign Trade
• International Environment
  • World Oil & Gas Reserves
    • Petroleum
    • Natural Gas
  • World Oil & Gas Production
  • World Oil & Gas Drilling
  • World Drilling Products & Services Outlook

III. OVERVIEW

• Supply & Demand
• Drilling Technology
  • Directional Drilling
  • Horizontal Drilling
  • Expandable Technologies
  • Drilling with Casing
  • Downhole Technologies
  • Coiled Tubing Drilling
  • Dual-Gradient Drilling
  • Other Drilling Technologies
• Drilling Fluids
• Coalbed Methane
• Other Oilfield Technologies

IV. DRILLING SERVICES

• General
• Contract Drilling
• Logging Services
• Directional Drilling Control Services
• Coiled Tubing Services
• Other Drilling Services
• Market Share

V. DRILLING EQUIPMENT & CONSUMABLES

• General
• Tubular Goods
• Drilling Rigs
• Downhole Tools
• Drill Bits & Reamers
• Pumps & Valves
• Other Equipment & Consumables
• Market Share

VI. DRILLING FLUIDS

• General
• Product Characteristics
• Demand by Type
  • Water-Based
  • Synthetic-Based
  • Oil-Based
• Demand by Location
• Demand by Region
• Market Share

VII. REGIONAL MARKETS

• General
• Oil & Gas Drilling Activity by Resource, Region & Location
• Drilling Products & Services Demand by Location
  • Onshore
  • Offshore
  • Deepwater
• Drilling Products & Services Regional Overview
  • Southern Region
    • Drilling Activity Overview
    • Drilling Products & Services Demand
      • Texas
      • Gulf of Mexico
      • Louisiana
      • New Mexico
      • Arkansas
      • Mississippi & Alabama
  • Western Region
    • Drilling Activity Overview
    • Drilling Products & Services Demand
      • Colorado
      • Wyoming
      • California
      • Utah
      • Montana
      • Alaska
      • Other Western States
  • Midwestern Region
    • Drilling Activity Overview
    • Drilling Products & Services Demand
      • Oklahoma
      • North Dakota
      • Other Midwestern States
  • Eastern Region
    • Drilling Activity Overview
    • Drilling Products & Services Demand
      • West Virginia
      • Pennsylvania
      • Other Eastern States

VIII. INDUSTRY STRUCTURE

• General
• Industry Composition & Market Share
• Mergers & Acquisitions
• Cooperative Agreements
• Marketing & Distribution
• Research & Development
• Competitive Strategies

• COMPANY PROFILES
  • Aibel AS
  • Aker Kvaerner ASA
  • Atlas Copco AB
  • Baker Hughes Incorporated
  • Baroid Fluid Services, see Halliburton Company
  • BJ Services Company
  • Canrig Drilling Technology, see Nabors Industries
  • Drilling Controls Incorporated, see Aibel AS
  • Epoch Well Services, see Nabors Industries
  • Excalibar Minerals, see Newpark Resources
  • General Electric Company
  • GEO Drilling Fluids Incorporated
  • Grant Prideco Incorporated
  • Halliburton Company
  • Hughes Christensen, see Baker Hughes Incorporated
  • Hydril Company LP, see Tenaris SA
  • INTEQ, see Baker Hughes Incorporated
  • Lafarge SA
  • LeTourneau Technologies, see Rowan Companies
  • Loews Corporation
  • M-I SWACO LLC, see Schlumberger and Smith International
  • MH Pyramid Incorporated, see Aker Kvaerner ASA
  • Nabors Industries Limited
  • National Oilwell Varco Incorporated
  • Newpark Resources Incorporated
  • Parker Drilling Company
  • Patterson-UTI Energy Incorporated
  • Precision Drilling Trust
  • Quail Tools LP, see Parker Drilling Company
  • Rowan Companies Incorporated
  • Sandvik AB
  • Schlumberger Limited
  • Schoeller-Bleckmann Oilfield Equipment AG
  • Security DBS Drill Bits, see Halliburton Company
  • Smith International Incorporated
  • Sperry Drilling Services, see Halliburton Company
  • Technip-Coflexip SA
  • Tenaris SA
  • Vallourec SA
  • VAM Drilling, see Vallourec SA
  • VetcoGray Incorporated, see General Electric Company
  • Weatherford International Limited

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

• 1 Summary Table

SECTION II -- MARKET ENVIRONMENT

• 1 Macroeconomic Indicators
• 2 US Petroleum & Natural Gas Production
• 3 US Natural Gas Supply & Demand
• 4 Natural Gas Drilling Indicators
• 5 US Petroleum Supply & Demand
• 6 Petroleum Drilling Indicators
• 7 Oilfield Drilling Rigs & Well Completions
• 8 Drilling Rigs
• 9 Drilling Products & Services Historical Market, 1997-2007
• 10 Pricing for Selected Drilling Products & Services
• 11 Drilling Equipment & Consumables Foreign Trade
• 12 Petroleum Reserves by Country, 2007
• 13 Natural Gas Reserves by Country, 2007
• 14 World Oil & Natural Gas Production
• 15 World Oil & Gas Drilling Activity

SECTION III -- OVERVIEW

• 1 Drilling Products & Services Supply & Demand

SECTION IV -- DRILLING SERVICES

• 1 Drilling Services Demand
• 2 Contract Drilling Demand by Location & Region
• 3 Logging & Measurement Services Demand by Type & Region
• 4 Directional Drilling Control Demand by Region
• 5 Coiled Tubing Drilling Services Demand by Region
• 6 Other Drilling Services Demand by Region

SECTION V -- DRILLING EQUIPMENT & CONSUMABLES

• 1 Drilling Equipment & Consumables Demand
• 2 Tubular Goods Demand by Type & Region
• 3 Drilling Rig Demand by Type & Region
• 4 Downhole Tool Demand by Product & Region
• 5 Drill Bit & Reamer Demand by Product & Region
• 6 Pump & Valve Demand by Product & Region
• 7 Other Equipment & Consumables Demand by Region

SECTION VI -- DRILLING FLUIDS

• 1 Drilling Fluid Demand
• 2 Selected Drilling Fluid Additives
• 3 Drilling Fluids Demand by Type
• 4 Water-based Drilling Fluids Demand
• 5 Synthetic-based Drilling Fluids Demand
• 6 Oil-based Drilling Fluids Demand
• 7 Drilling Fluids Demand by Location
• 8 Drilling Fluids Demand by Region

SECTION VII -- REGIONAL MARKETS

• 1 US Oil & Gas Producing Regions
• 2 Oil & Gas Drilling Activity by Resource, Region & Location
• 3 Drilling Products & Services Demand by Location
• 4 Drilling Products & Services Demand by Region
• 5 Southern Region Drilling Rigs in Use
• 6 Southern Region Drilling Products & Services Demand
• 7 Western Region Drilling Rigs in Use
• 8 Western Region Drilling Products & Services Demand
• 9 Midwestern Region Drilling Rigs in Use
• 10 Midwestern Region Drilling Products & Services Demand
• 11 Eastern Region Drilling Rigs in Use
• 12 Eastern Region Drilling Products & Services Demand

SECTION VIII -- INDUSTRY STRUCTURE

• 1 US Drilling Product & Services Sales by Company, 2007
• 2 Selected Acquisitions & Divestitures
• 3 Research & Development Expenditures for Selected Drilling Product & Service Firms

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

• 1 US Natural Gas Reserves, 1997-2007
• 2 Natural Gas Production, 1997-2007
• 3 Natural Gas Producing States, 2007
• 4 Natural Gas Drilling Indicators, 1997-2007
• 5 Natural Gas Prices, 1997-2007
• 6 Natural Gas Pricing Versus Crude Oil Pricing, 1997-2007
• 7 US Petroleum Reserves, 1997-2007
• 8 US Petroleum Production, 1997-2007
• 9 Crude Oil Producing States, 2007
• 10 Petroleum Drilling Indicators, 1997-2007
• 11 Petroleum Prices, 1997-2007
• 12 Drilling Products & Services Market, 1997-2007

SECTION III -- OVERVIEW

• 1 Drilling Products & Services Demand by Type, 2007

SECTION IV -- DRILLING SERVICES

• 1 Drilling Services Demand by Type, 2007
• 2 Drilling Services Market Share, 2007

SECTION V -- DRILLING EQUIPMENT & CONSUMABLES

• 1 Drilling Equipment & Consumables Demand by Type, 2007
• 2 Drilling Equipment & Consumables Market Share, 2007

SECTION VI -- DRILLING FLUIDS

• 1 Drilling Fluids Market Share, 2007

SECTION VIII -- INDUSTRY STRUCTURE

• 1 US Drilling Products & Services Market Share, 2007