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Size of the US Oil and Gas Extraction industry

NAICS 2111, Oil and Gas Extraction. Every figure on this page was published by a federal statistical agency and carries its source and period. Palanor does not estimate: a period the agency didn’t publish shows as missing, and a figure it withheld shows as withheld.

Key figures

Receipts (sales, shipments or revenue)
$533 billion
2022 · Economic Census
All establishments, current dollars
Employment
109,474
2026-Q1 · Quarterly Census of Employment and Wages
Private-sector jobs in the third month of each quarter
Establishments
6,052
2026-Q1 · Quarterly Census of Employment and Wages
Private ownership
Firms
3,945
2022 · Economic Census
Annual payroll
$17.5 billion
2023 · County Business Patterns

Over time

Employment · Quarterly Census of Employment and WagesLatest 109,474 · 2026-Q1
2019-Q1: 142,6992019-Q2: 143,7342019-Q3: 140,3582019-Q4: 137,6572020-Q1: 134,0082020-Q2: 125,6952020-Q3: 121,0372020-Q4: 118,9172021-Q1: 112,9172021-Q2: 112,1602021-Q3: 111,1412021-Q4: 111,8532022-Q1: 111,7772022-Q2: 112,1742022-Q3: 113,0872022-Q4: 114,4002023-Q1: 115,1852023-Q2: 114,4762023-Q3: 115,9282023-Q4: 116,9502024-Q1: 121,3662024-Q2: 122,0342024-Q3: 121,3472024-Q4: 120,6882025-Q1: 117,7912025-Q2: 117,2372025-Q3: 115,5572025-Q4: 115,1622026-Q1: 109,474NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1109,4742022
2025-Q4115,1622022
2025-Q3115,5572022
2025-Q2117,2372022
2025-Q1117,7912022
2024-Q4120,6882022
2024-Q3121,3472022
2024-Q2122,0342022
2024-Q1121,3662022
2023-Q4116,9502022
2023-Q3115,9282022
2023-Q2114,4762022
2023-Q1115,1852022
2022-Q4114,4002022
2022-Q3113,0872022
2022-Q2112,1742022
2022-Q1111,7772022
2021-Q4111,8532017
2021-Q3111,1412017
2021-Q2112,1602017
2021-Q1112,9172017
2020-Q4118,9172017
2020-Q3121,0372017
2020-Q2125,6952017
2020-Q1134,0082017
2019-Q4137,6572017
2019-Q3140,3582017
2019-Q2143,7342017
2019-Q1142,6992017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private-sector jobs in the third month of each quarter

Employment · County Business PatternsLatest 90,968 · 2023
2017: 108,9852018: 107,6302019: 108,1282020: 100,2452021: 88,5322022: 84,7702023: 90,968
Show the numbers
PeriodValue
202390,968
202284,770
202188,532
2020100,245
2019108,128
2018107,630
2017108,985

Source: U.S. Census Bureau, County Business Patterns · Paid employees in the pay period including March 12

Establishments · Quarterly Census of Employment and WagesLatest 6,052 · 2026-Q1
2019-Q1: 7,1212019-Q2: 7,0552019-Q3: 7,0632019-Q4: 7,0252020-Q1: 6,8422020-Q2: 6,7872020-Q3: 6,7092020-Q4: 6,6662021-Q1: 6,5432021-Q2: 6,5212021-Q3: 6,4912021-Q4: 6,4832022-Q1: 6,4322022-Q2: 6,4262022-Q3: 6,4172022-Q4: 6,4322023-Q1: 6,3762023-Q2: 6,4162023-Q3: 6,4052023-Q4: 6,3862024-Q1: 6,2992024-Q2: 6,2692024-Q3: 6,2412024-Q4: 6,2232025-Q1: 6,1322025-Q2: 6,1232025-Q3: 6,1092025-Q4: 6,0912026-Q1: 6,052NAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q16,0522022
2025-Q46,0912022
2025-Q36,1092022
2025-Q26,1232022
2025-Q16,1322022
2024-Q46,2232022
2024-Q36,2412022
2024-Q26,2692022
2024-Q16,2992022
2023-Q46,3862022
2023-Q36,4052022
2023-Q26,4162022
2023-Q16,3762022
2022-Q46,4322022
2022-Q36,4172022
2022-Q26,4262022
2022-Q16,4322022
2021-Q46,4832017
2021-Q36,4912017
2021-Q26,5212017
2021-Q16,5432017
2020-Q46,6662017
2020-Q36,7092017
2020-Q26,7872017
2020-Q16,8422017
2019-Q47,0252017
2019-Q37,0632017
2019-Q27,0552017
2019-Q17,1212017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Establishments · County Business PatternsLatest 5,205 · 2023
2017: 6,4052018: 6,2772019: 6,1392020: 5,7792021: 5,4442022: 5,2762023: 5,205
Show the numbers
PeriodValue
20235,205
20225,276
20215,444
20205,779
20196,139
20186,277
20176,405

Source: U.S. Census Bureau, County Business Patterns

Total wages in the quarter · Quarterly Census of Employment and WagesLatest $9.9 billion · 2026-Q1
2019-Q1: $8.8 billion2019-Q2: $5.5 billion2019-Q3: $5.6 billion2019-Q4: $5.8 billion2020-Q1: $8.6 billion2020-Q2: $4.9 billion2020-Q3: $4.7 billion2020-Q4: $5.2 billion2021-Q1: $6.5 billion2021-Q2: $4.2 billion2021-Q3: $4.2 billion2021-Q4: $5.2 billion2022-Q1: $7.6 billion2022-Q2: $4.7 billion2022-Q3: $4.7 billion2022-Q4: $5.3 billion2023-Q1: $8.7 billion2023-Q2: $4.7 billion2023-Q3: $4.9 billion2023-Q4: $5.5 billion2024-Q1: $9.2 billion2024-Q2: $5.4 billion2024-Q3: $5.3 billion2024-Q4: $6.1 billion2025-Q1: $9.4 billion2025-Q2: $5.4 billion2025-Q3: $5.3 billion2025-Q4: $6.1 billion2026-Q1: $9.9 billionNAICS 2022 from 2022-Q1
Show the numbers
PeriodValueNAICS
2026-Q1$9.9 billion2022
2025-Q4$6.1 billion2022
2025-Q3$5.3 billion2022
2025-Q2$5.4 billion2022
2025-Q1$9.4 billion2022
2024-Q4$6.1 billion2022
2024-Q3$5.3 billion2022
2024-Q2$5.4 billion2022
2024-Q1$9.2 billion2022
2023-Q4$5.5 billion2022
2023-Q3$4.9 billion2022
2023-Q2$4.7 billion2022
2023-Q1$8.7 billion2022
2022-Q4$5.3 billion2022
2022-Q3$4.7 billion2022
2022-Q2$4.7 billion2022
2022-Q1$7.6 billion2022
2021-Q4$5.2 billion2017
2021-Q3$4.2 billion2017
2021-Q2$4.2 billion2017
2021-Q1$6.5 billion2017
2020-Q4$5.2 billion2017
2020-Q3$4.7 billion2017
2020-Q2$4.9 billion2017
2020-Q1$8.6 billion2017
2019-Q4$5.8 billion2017
2019-Q3$5.6 billion2017
2019-Q2$5.5 billion2017
2019-Q1$8.8 billion2017

Source: U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages · Private ownership

Annual payroll · County Business PatternsLatest $17.5 billion · 2023
2017: $14.1 billion2018: $15.4 billion2019: $15.9 billion2020: $14.3 billion2021: $13.2 billion2022: $14.7 billion2023: $17.5 billion
Show the numbers
PeriodValue
2023$17.5 billion
2022$14.7 billion
2021$13.2 billion
2020$14.3 billion
2019$15.9 billion
2018$15.4 billion
2017$14.1 billion

Source: U.S. Census Bureau, County Business Patterns

The ledger

Every published measure

MeasureSourceLatestPeriodHistory
EmploymentPrivate-sector jobs in the third month of each quarterQuarterly Census of Employment and Wages109,4742026-Q12019-Q1–2026-Q1 · 29 published
EstablishmentsPrivate ownershipQuarterly Census of Employment and Wages6,0522026-Q12019-Q1–2026-Q1 · 29 published
Total wages in the quarterPrivate ownershipQuarterly Census of Employment and Wages$9.9 billion2026-Q12019-Q1–2026-Q1 · 29 published
Annual payrollCounty Business Patterns$17.5 billion20232017–2023 · 7 published
EmploymentPaid employees in the pay period including March 12County Business Patterns90,96820232017–2023 · 7 published
EstablishmentsCounty Business Patterns5,20520232017–2023 · 7 published
Annual payrollEconomic Census$10.8 billion20222017–2022 · 2 published
EmploymentPaid employees in the pay period including March 12Economic Census105,98720222017–2022 · 2 published
EstablishmentsEconomic Census4,95120222017–2022 · 2 published
FirmsEconomic Census3,94520222017–2022 · 2 published
Receipts (sales, shipments or revenue)All establishments, current dollarsEconomic Census$533 billion20222017–2022 · 2 published

Breakdown

Industries within Oil and Gas Extraction

NAICSIndustrySizeEmployment
21112Crude Petroleum Extraction$354 billionReceipts · 2022 · Economic Census74,7322026-Q1 · QCEW
21113Natural Gas Extraction$179 billionReceipts · 2022 · Economic Census34,7422026-Q1 · QCEW

Sources

Where every number comes from

Figures are in current dollars and are the agencies’ own, revised when they revise. Each program defines its universe differently (employer firms, private ownership, all establishments), so figures from different sources are not meant to add up. This page is not endorsed by the Census Bureau, BEA or BLS. The same data is in the Palanor API (/v1/industries) and the MCP (palanor_get_industry). All industries.