Industry Description
Establishments primarily engaged in operating oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operation of separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. This industry includes the production of oil through the mining and extraction of oil from oil shale and oil sands and the production of gas and hydrocarbon liquids through gasification, liquid faction, and pyrolysis of coal at the mine site. Also included are establishments which have complete responsibility for operating oil and gas wells for others on a contract or fee basis. Establishments primarily engaged in performing oil field services for operators on a contract or fee basis are classified in Industry Group 138.
Business Examples
Common types of business activities within US SIC 1311 - Crude Petroleum and Natural Gas are:
- Coal gasification at the mine site
- Coal liquefaction at the mine site
- Coal pyrolysis at the mine site
- Crude oil production
- Crude petroleum production
- Kerogen processing
- Natural gas production
- Oil sand mining
- Oil shale mining
- Tar sands mining
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
US-SIC Hierarchy 1311 - Crude Petroleum and Natural Gas
US-SIC Code 1311 - Crude Petroleum and Natural Gas sits in the 2-digit Crude Petroleum and Natural Gas sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: B
Division Title: Mining
2 Digits 3 Digits 4 Digits
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101 Iron Ores
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102 Copper Ores
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103 Lead and Zinc Ores
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104 Gold and Silver Ores
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106 Ferroalloy Ores, Except Vanadium
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108 Metal Mining Services
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109 Miscellaneous Metal Ores
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122 Bituminous Coal and Lignite Mining
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123 Anthracite Mining
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124 Coal Mining Services
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131 Crude Petroleum and Natural Gas
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132 Natural Gas Liquids
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138 Oil and Gas Field Services
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141 Dimension Stone
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142 Crushed and Broken Stone, Including Riprap
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144 Sand and Gravel
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145 Clay, Ceramic, and Refractory Minerals
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147 Chemical and Fertilizer Mineral Mining
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148 Nonmetallic Minerals Services, Except Fuels
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149 Miscellaneous Nonmetallic Minerals, Except
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Extended US-SIC Hierarchy for 1311 - Crude Petroleum and Natural Gas
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 1311 - Crude Petroleum and Natural Gas. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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131101 Oil & gas producers
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131102 Gas boosters
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131103 Oil companies
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131104 Oil & gas-production
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131105 Oil operators
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131106 Oil crude
8 Digit SIC Codes
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13110000 Crude petroleum and natural gas
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13110100 Crude petroleum and natural gas production
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13110101 Crude petroleum production
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13110102 Natural gas production
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13110200 Gas and hydrocarbon liquefaction from coal
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13110201 Coal gasification
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13110202 Coal liquefaction
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13110203 Coal pyrolysis
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13110300 Sand and shale oil mining
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13110301 Oil sand mining
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13110302 Oil shale mining
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13110303 Tar sands mining
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