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OIL AND GAS EXTRACTION

barrels, oil rig

Input: Sector Description

Companies in the Oil and Gas Extraction Industry operate and/or develop oil and gas fields as a part of upstream oil and gas activities, sometimes referred to as exploration and production. Such activities may include:

  • Exploring for crude petroleum and natural gas;
  • Drilling, completing, servicing and equipping wells;
  • Operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and
  • Performing other activities in preparing oil and gas up to the point of shipment from the producing property.

Establishments in this industry include those operating on their own or for others on a contract or fee basis. Previously this grouping fell under Standard Industry Classification 13 (Oil and Gas Extraction).

The North American Industry Classification System (NAICS) codes for this group are:

211Oil and Gas Extraction
213111Drilling Oil and Gas Wells
213112Support Activities for Oil and Gas Operations

For more information regarding the Oil and Gas Extraction Subsector, please see the North American Industry Classification System (NAICS) website.

The Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics provides detailed information about occupations, working conditions, employment, wages, and occupational outlook for the Oil and Gas Extraction Subsector.

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  • Page last reviewed: December 13, 2012
  • Page last updated: December 13, 2012
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