The oil drilling and gas extraction industry in the United States had an estimated market value of 737.3 billion U.S. dollars as of September 2023. The industry employed around 149,000 people as of that time, which was a decrease of more than 70,000 people compared to February 2022.
The U.S. extracts around eight million barrels worth of oil every day, with the Permian basin being the largest oil producing region.
Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IBISWorld. (September 30, 2023). Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. "Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023." Chart. September 30, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. (2023). Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. "Selected Figures about The Oil Drilling and Gas Extraction Industry in The United States in February 2022 and September 2023." Statista, Statista Inc., 30 Sep 2023, https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld, Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 Statista, https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/ (last visited December 21, 2024)
Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 [Graph], IBISWorld, September 30, 2023. [Online]. Available: https://www.statista.com/statistics/1312065/us-oil-and-gas-drilling-industry-figures/
