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 Locations Chapter
The geographic spread of the local Oil Drilling and Gas Extraction industry essentially reflects the distribution of oil and gas resources. The importance of various producing regions varies over time, as reserves come into production and some fields are depleted.
The Southwest accounts for the largest share of industry output and revenue. It is expected to generate about 44.0% of industry revenue in 2014, down from about 47.0% in 2009, mainly due to lower gas output. The main producing state within this region is Texas, which accounts for one-third of the total value of output. The next largest oil and gas producing region is the Southeast, in which about 23.0% of revenue will be generated in 2014, mainly due to rising natural gas output... purchase to read more