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The oil and gas extraction subsector is part of the mining, quarrying, and oil and gas extraction sector.
Industries in the Oil and Gas Extraction subsector operate and/or develop oil and gas field properties. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. This subsector includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, and the production of natural gas, sulfur recovery from natural gas, and recovery of hydrocarbon liquids.
North American Industry Classification System
The oil and gas extraction subsector consists of a single industry group, Oil and Gas Extraction: NAICS 2111.
This section provides information relating to employment in oil and gas extraction. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, data for occupations common to the industry, and projections of occupational employment change.
Data series | Back data |
Jul. 2024 |
Aug. 2024 |
Sep. 2024 |
Oct. 2024 |
---|---|---|---|---|---|
Employment (in thousands) |
|||||
Employment, all employees (seasonally adjusted) |
120.0 | 119.0 | (p)119.7 | (p)119.6 | |
88.4 | 88.5 | (p)87.5 | |||
Footnotes |
Data series | Employment, 2023 |
---|---|
1,910 | |
5,720 | |
Petroleum pump system operators, refinery operators, and gaugers |
2,190 |
4,620 | |
11,670 |
(Source: Occupational Employment and Wage Statistics)
For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for oil and gas extraction.
(Source: Office of Occupational Statistics and Employment Projections)
This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours are shown. In addition, recent hourly and annual earnings are shown for occupations commonly found in oil and gas extraction.
Data series | Back data |
Jun. 2024 |
Jul. 2024 |
Aug. 2024 |
Sep. 2024 |
---|---|---|---|---|---|
$49.50 | $47.66 | $47.84 | (p)$48.38 | ||
44.1 | 42.2 | 41.8 | (p)43.8 | ||
Footnotes |
(Source: Current Employment Statistics)
Data series | Back data |
Jun. 2024 |
Jul. 2024 |
Aug. 2024 |
Sep. 2024 |
---|---|---|---|---|---|
$44.44 | $42.79 | $43.12 | (p)$42.92 | ||
47.7 | 47.1 | 45.5 | (p)47.2 | ||
Footnotes |
(Source: Current Employment Statistics)
Data series | Wages, 2023 | |||
---|---|---|---|---|
Hourly | Annual | |||
Median | Mean | Median | Mean | |
75.40 | 75.28 | 156,830 | 156,580 | |
76.31 | 78.45 | 158,720 | 163,170 | |
Petroleum pump system operators, refinery operators, and gaugers |
38.34 | 40.09 | 79,750 | 83,380 |
21.97 | 25.23 | 45,690 | 52,470 | |
37.24 | 35.48 | 77,460 | 73,800 |
(Source: Occupational Employment and Wage Statistics)
This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in oil and gas extraction. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.
Data series | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|
Fatalities |
||||
22 | 7 | 6 | 9 | |
Blank cells indicate no data reported or data that do not meet publication criteria. |
Data series | 2023 |
---|---|
Rate of injury and illness cases per 100 full-time workers |
|
0.9 | |
Cases involving days away from work, job restriction, or transfer |
0.5 |
0.4 | |
0.1 | |
Blank cells indicate no data reported or data that do not meet publication criteria. |
(Source: Injuries, Illnesses, and Fatalities)
This section provides industry-specific pricing information. The producer price index measures the percentage change in prices that domestic producers receive for goods and services. The prices included in the producer price index are from the first commercial transaction.
Data series | Back data |
Jul. 2024 |
Aug. 2024 |
Sep. 2024 |
Oct. 2024 |
---|---|---|---|---|---|
(p)197.953 | (p)183.848 | (p)165.375 | (p)179.297 | ||
Percent change from previous month |
(p)2.8% | (p)-7.1% | (p)-10.0% | (p)8.4% | |
Footnotes |
(Source: Producer Price Indexes)
This section presents data on the number of establishments in oil and gas extraction. Also included in this section is information on productivity, presented as the rate of change in output per hour of workers in the industry.
Data series | Back data |
2nd quarter 2023 |
3rd quarter 2023 |
4th quarter 2023 |
1st quarter 2024 |
---|---|---|---|---|---|
Number of establishments |
|||||
6,416 | 6,405 | 6,386 | (p)6,349 | ||
1 | 1 | 1 | (p)1 | ||
Footnotes |
(Source: Quarterly Census of Employment and Wages)
This section presents productivity and related data for the industry, presented as the percent change from the previous year. Measures of total factor productivity (TFP) compare growth in output to the growth in a combination of inputs that include labor, capital, energy, materials, and services. Measures of labor productivity, or output per hour, compare the growth in output to the growth in hours worked.
Data series | Back data |
2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
7.9 | 13.6 | -15.9 | -14.2 | ||
14.6 | -6.8 | -2.9 | 6.6 | ||
6.2 | -17.9 | 15.5 | 24.2 | ||
8.7 | -0.4 | -0.3 | 0.5 | ||
2.6 | -16.0 | -12.6 | 12.9 | ||
10.0 | 10.3 | 12.6 | -5.7 |
(Source: Productivity)
Data extracted on: November 27, 2024