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

NAICS 21111 Last Updated: February 2025

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40,422

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Oil Drilling & Gas Extraction in the US Number of Businesses in 2025
-4.5%

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 Oil Drilling & Gas Extraction in the US Number of Businesses Growth in 2025
-3.8%

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 Oil Drilling & Gas Extraction in the US Number of Businesses CAGR 2020-2025

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 Oil Drilling & Gas Extraction in the US Number of Businesses CAGR 2025-2030

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 2024?

    There was 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 -3.3% per year on average over the five years between 2019 and 2024.

  • How many businesses are there in the Oil Drilling & Gas Extraction in the US in 2025?

    There is 40,422 Oil Drilling & Gas Extraction in the US businesses as of 2025, an decrease of -4.5% from 2024.

  • 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 -3.8% per year on average over the five years between 2020 and 2025.

  • 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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