Alternatives

October 1, 2013

Fourth Quarter 2013 Energy Industry

Sector Focus: Oilfield Services & Equipment

In 2013, the oilfield services & equipment industry generated an estimated $131.7 billion in revenues in the United States.1  This represents a 4.4% decline from 2012, but a 9.8% increase since 2008.  Industry revenues declined materially in 2009, driven by the decline in energy demand resulting from the lower level of economic activity during the recession.  Despite the Deepwater Horizon oil spill in 2010 (for which oilfield service companies Halliburton and Transocean were partially responsible, according to a government report), industry revenues rebounded given higher energy prices and resurgence in domestic energy production. 

Industry revenues, as estimated by IBISWorld, are expected to rise over the next several years due to increases in global energy demand and the continued growth of domestic drilling activity

Hydraulic fracturing and horizontal drilling practices, coupled with higher oil prices, have allowed exploration & production companies to profitably operate in areas which were previously not economically viable.  Given the technology and expertise required for these activities, oilfield services & equipment companies are well positioned to benefit.

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Mercer Capital Sponsors ASA Houston’s 2026 Energy Valuation Conference
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Mercer Capital is pleased to serve as a Gold Sponsor of the 2026 Energy Valuation Conference, hosted by the Houston Chapter of the American Society of Appraisers. The conference will take place on Thursday, May 14, 2026, at The Briar Club in Houston, Texas, with both in-person attendance and live webcast options available. Bryce Erickson, ASA, MRICS; J. David Smith, CFA, ASA; and Andrew B. Frew, ASA, ABV, will attend on behalf of Mercer Capital.Now in its 16th year, the Energy Valuation Conference brings together appraisers, accountants, financial analysts, petroleum engineers, and many other professionals working across the energy sector. The conference is designed as a multi-disciplinary forum addressing valuation techniques and issues across the energy industry, including upstream, midstream, downstream, renewables, power generation, tax, governance, and emerging market considerations.This year’s program will address a range of current valuation topics affecting the energy industry, including energy transition, transaction activity, capital markets, and valuation considerations across upstream, midstream, and downstream sectors.Bryce Erickson is a Managing Director at Mercer Capital and leads the firm’s energy industry practice. Since 1998, he has led approximately one thousand engagements across diverse purposes, including gift and estate tax planning, litigation support, mergers and acquisitions, buyouts, buy-sell agreements, financial reporting, purchase price allocation, financing, and business planning. He regularly publishes on oil and gas industry topics in Mercer Capital’s Energy Valuation Insights blog. He is also a contributor to Forbes.com’s Energy sector.J. David Smith is a Senior Vice President at Mercer Capital and a senior member of the firm’s energy practice. He provides valuation services for tax planning, transactional purposes, and financial reporting. David is also a regular contributor to Mercer Capital’s Energy Valuation Insights blog.Andrew B. Frew is a Vice President at Mercer Capital and has nearly 25 years of business valuation experience. He has been involved with hundreds of valuation and related engagements across numerous industries and values businesses and business interests for gift and estate tax, charitable giving, buy/sell agreements, mergers and acquisitions, business succession and exit planning, and litigation support purposes. Andy also contributes regularly to Mercer Capital’s Energy Valuation Insights blog.Mercer Capital works with energy companies, mineral and royalty owners, oilfield services businesses, investors, attorneys, accountants, and other advisors on valuation and financial advisory matters. The firm provides business valuation, asset valuation, litigation support, transaction advisory, financial reporting valuation, and tax valuation services across the energy sector, helping clients address complex financial questions with clear, independent, and well-supported analysis.Mercer Capital looks forward to supporting the conference and connecting with energy valuation professionals and industry leaders in Houston. Additional information about the 2026 Energy Valuation Conference is available at https://energyvaluationconference.org/.For more information about Mercer Capital’s experience and expertise in the oil & gas sector, visit https://mercercapital.com/industries/energy-power/oil-gas/.

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