ESP & Submersible Pump Services
Companies installing and servicing electric submersible pumps.
Market snapshot
These figures describe Production & Artificial Lift Services (7.7.7), the segment that ESP & Submersible Pump Services sits within. They are not figures for ESP & Submersible Pump Services on its own.
Not sized separately. Oilfield support is classified as a single activity, so production and lift work cannot be separated from the drilling and completion services beside it. Commercially it is the better half of the business: lift and workover revenue recurs over a well's producing life rather than arriving once at the drill bit.
Business model & economics
Revenue model
Artificial-lift equipment, production services, and optimization
Key economics
- Revenue per firm
- $9,351,184
- Revenue per employee
- $349,868
- Employees per firm
- 24.7
- Recurring revenue
- Moderate–High
- EBITDA margin
- More stable than drilling/completion
- Capex intensity
- Moderate
recurring producing-well services
Characteristics
- Balanced cost base: payroll is 26% of revenue, leaving room to scale margin without cutting staff
- Moderate strategic-buyer pool: 121 firms exceed 500 employees, so a scaled asset has buyers, but not many
- Keeps the installed base of wells producing.
- Shale-well decline drives recurring lift demand.
- More recurring and less cyclical than drilling.
NAICS 213112. U.S. Census Bureau, 2022 Statistics of U.S. Businesses; U.S. Census Bureau, 2022 Economic Census.
M&A deal context
Who’s acquiring
- Artificial-lift & production specialists
- OFS majors
- PE-backed consolidators
What’s driving deals
- Producing-well base and decline-management demand.
- Digital production optimization.
- Recurring-revenue service consolidation.
Find ESP & Submersible Pump Services acquisition targets
Search Acquisera’s index for companies classified under ESP & Submersible Pump Services (7.7.7.1) and build a targeted deal pipeline.
Search companies