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Oil Drilling & Gas Extraction in the US - Number of Businesses (2005–2030)

NAICS 21111 Last Updated: November 2024

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42,338

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Oil Drilling & Gas Extraction in the US Number of Businesses in 2024
-3.3%

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 Oil Drilling & Gas Extraction in the US Number of Businesses Growth in 2024
-6.2%

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 Oil Drilling & Gas Extraction in the US Number of Businesses CAGR 2019-2024

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 Oil Drilling & Gas Extraction in the US Number of Businesses 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

  • How many businesses are there in the Oil Drilling & Gas Extraction in the US in 2023?

    There was 43,789 Oil Drilling & Gas Extraction in the US businesses as of 2023, an decrease of -15.4% from 2022.

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

    The number of Oil Drilling & Gas Extraction in the US businesses has declined -15.4% per year on average over the five years between 2018 and 2023.

  • How many businesses are there in the Oil Drilling & Gas Extraction in the US in 2024?

    There is 42,338 Oil Drilling & Gas Extraction in the US businesses as of 2024, an decrease of -3.3% from 2023.

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

    The number of Oil Drilling & Gas Extraction in the US businesses has declined -6.2% per year on average over the five years between 2019 and 2024.

  • What is forecast business growth of Oil Drilling & Gas Extraction in the US over the next 5 years?

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

  • What companies have the highest market share in the Oil Drilling & Gas Extraction in the US?

    The Oil Drilling & Gas Extraction in the US has low market share concentration and the largest business is Conocophillips Co.

  • What is forecast business growth of Oil Drilling & Gas Extraction in the US over the next 5 years?

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

  • What companies have the highest market share in the Oil Drilling & Gas Extraction in the US?

    The Oil Drilling & Gas Extraction in the US has low market share concentration and the largest business is Conocophillips Co.

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