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Oil Drilling & Gas Extraction in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Oil Drilling & Gas Extraction Market Research Report | NAICS 21111 | Nov 2014

Natural growth: Strong global demand and a rising number of operators will support revenue

IBISWorld’s Oil Drilling & Gas Extraction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$408bn
Annual Growth 09-14
12.8%
Annual Growth 14-19
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Profit
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Employment
144,946
Businesses
6,807
Industry Analysis & Industry Trends

Due to the economy's strong dependence on crude oil and natural gas for transport fuels and inputs, the Oil Drilling and Gas Extraction industry has fared well over the past five years. Output is projected to expand moderately over the five years to 2019 as rising crude oil production in some regions offsets falling output from others... purchase to read more

Industry Report - Industry Key Buyers Chapter

Concentration in the Oil Drilling and Gas Extraction industry is low, with the four largest companies estimated to account for nearly 24.9% of industry revenue. Nonetheless, the industry is the province of large companies, most of which have worldwide operations. Low concentration reflects the industry's large size and its dispersion across the nation, making it difficult for even major oil companies to control more than a small share of output. During the five years to 2014, market concentration has decreased slightly as formerly integrated companies, such as ConocoPhillips and Hess, divested downstream segments to maximize efficiency and operating margins... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Oil Drilling & Gas Extraction Industry?

Companies in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.

Industry Products
Crude oilNatural gas
 
Industry Activities
Extracting crude petroleum and natural gas Extracting natural gas liquid Exploring for crude petroleum and natural gasDrilling, completing and equipping wellsOperating separators, emulsion breakers, desilting equipment and field gathering lines for crude petroleum


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