SEARCH   
MEMBER LOGIN    

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 | Apr 2014

Natural growth: Strong global demand and rising oil and gas prices will support industry revenue

IBISWorld’s Oil Drilling & Gas Extraction market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$408bn
Annual Growth 09-14
12.8%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
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 Analysis Chapter

The Oil and Gas Extraction industry has benefited from improving technology and strong demand for energy products in the five years to 2014. The emergence of hydraulic fracturing and horizontal drilling has enabled industry operators to ramp up production at previously uneconomical deposits, and this has helped the industry recover rapidly from the economic downturn. The United States has also increasingly emphasized a need to become energy self-sufficient over the past five years; while trade still remains significant, industry operators have begun to shift long-term focus toward domestic production of oil and gas products. Consequently, industry revenue is expected to increase at an annualized rate of 12.8% to $407.7 billion in the five years to 2014, including growth of 3.6% in 2014... 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


View Sample
Quote
Select Clients