Industry Description
This industry comprises establishments primarily engaged in (1) the exploration, development, and/or the production of petroleum from wells in which the hydrocarbons will initially flow or can be produced using normal or enhanced drilling and extraction techniques or (2) the production of crude petroleum from surface shales or tar sands or from reservoirs in which the hydrocarbons are semisolids. Establishments in this industry operate oil wells on their own account or for others on a contract or fee basis.
Cross-References. Establishments primarily engaged in--
Business Examples
Common types of business activities within NAICS 211120 - Crude Petroleum Extraction are:
- Petroleum, crude, production (i.e., extraction)
- Oil field development for own account
- Stripper oil well production
- Crude petroleum from oil sand
- Shale, oil, mining and/or beneficiating
- Crude petroleum lease condensate production
- Tar sands mining
- Oil field exploration for own account
- Crude petroleum from oil shale
- Operating crude petroleum field gathering lines, except on a contract basis
- Oil shale mining and/or beneficiating
- Offshore crude petroleum production
- Kerogen processing
- Crude petroleum production
IBISWorld Industry Research Report
Oil Drilling & Gas Extraction in the US (21111)
Revenue 2025
$484.6bn
Growth 2025
-0.86%
Key Trends
Profit has exhibited significant fluctuations throughout the period
Industry operators have required additional capacity to transport crude products
Pent-up demand will likely drive industry revenue
Products and Services
Similar Industries
For some business types, there may be a similar industry to 211120 - Crude Petroleum Extraction that is a better classification match. Establishments primarily engaged in:
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NAICS Cross Reference
Performing oil field services for operators on a contract or fee basis--are classified in Industry 21311, Support Activities for Mining; and
IBISWorld industry research report
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NAICS Cross Reference
Refining crude petroleum into refined petroleum and liquid hydrocarbons--are classified in Industry 324110, Petroleum Refineries.
IBISWorld industry research report
NAICS Hierarchy 211120 - Crude Petroleum Extraction
NAICS Code 211120 - Crude Petroleum Extraction sits in the 2-digit Crude Petroleum Extraction sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 21
Sector Title: Mining, Quarrying, and Oil and Gas Extraction
3 Digits 4 Digits 5 Digits 6 Digits
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2111 Oil and Gas Extraction
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21112 Crude Petroleum Extraction
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21113 Natural Gas Extraction
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2121 Coal Mining
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2122 Metal Ore Mining
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21221 Iron Ore Mining
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21222 Gold Ore and Silver Ore Mining
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21223 Copper, Nickel, Lead, and Zinc Mining
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21229 Other Metal Ore Mining
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2123 Nonmetallic Mineral Mining and Quarrying
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21231 Stone Mining and Quarrying
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21232 Sand, Gravel, Clay, and Ceramic and Refractory Minerals Mining and Quarrying
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21239 Other Nonmetallic Mineral Mining and Quarrying
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2131 Support Activities for Mining
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NAICS Resources
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