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Oil Drilling & Gas Extraction in the US - Market Size (2005–2030)

NAICS 21111 Last Updated: November 2024

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$497.9bn

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Oil Drilling & Gas Extraction in the US Market Size in 2024
2.3%

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 Oil Drilling & Gas Extraction in the US Market Size Growth in 2024
3.1%

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 Oil Drilling & Gas Extraction in the US Market Size CAGR 2019-2024

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 Oil Drilling & Gas Extraction in the US Market Size CAGR 2024-2029

Curious about what drives these trends? IBISWorld's Oil Drilling & Gas Extraction in the US Industry Report has got you covered.

Questions Clients Ask About This Industry

  • What was the market size of the Oil Drilling & Gas Extraction in the US in 2023?

    The market size of the Oil Drilling & Gas Extraction in the US was $486.7bn in 2023.

  • What was the growth rate of the Oil Drilling & Gas Extraction in the US in 2023?

    The market size of the Oil Drilling & Gas Extraction in the US decreased -32.4% in 2023.

  • What was the market size of the Oil Drilling & Gas Extraction in the US in 2024?

    The market size of the Oil Drilling & Gas Extraction in the US is $497.9bn in 2024.

  • What is the growth rate of the Oil Drilling & Gas Extraction in the US in 2024?

    The market size of the Oil Drilling & Gas Extraction in the US increased 2.3% in 2024.

  • Has the Oil Drilling & Gas Extraction in the US grown or declined over the past 5 years?

    The market size of the Oil Drilling & Gas Extraction in the US has declined at a -32.4% CAGR between 2018 and 2023.

  • Is the Oil Drilling & Gas Extraction in the US expected to grow or decline over the next five years?

    See our full analysis of the Oil Drilling & Gas Extraction in the US to understand if the industry market size is expected to grow or decline over the next five years.

  • Has the Oil Drilling & Gas Extraction in the US grown or declined over the past 5 years?

    The market size of the Oil Drilling & Gas Extraction in the US has grown at a 3.1% CAGR between 2019 and 2024.

  • Is the Oil Drilling & Gas Extraction in the US expected to grow or decline over the next five years?

    See our full analysis of the Oil Drilling & Gas Extraction in the US to understand if the industry market size is expected to grow or decline over the next five years.

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