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2018 Market Analysis & Industry Outlook: Oil & Gas Extraction


Overview: the U.S. Oil & Gas Extraction Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?


Market Size & Industry Statistics

The total U.S. industry market size for Oil & Gas Extraction: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.



market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Oil & Gas Extraction Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Oil & Gas Extraction companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Oil & Gas Extraction company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Oil & Gas Extraction industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Oil & Gas Extraction measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 10%

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Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations 12%
Business Operations Specialists 6%
Financial Specialists 6%
Architecture and Engineering Occupations 15%
Engineers 12%
Petroleum Engineers 8%
Petroleum Engineers 8%
Life, Physical, and Social Science Occupations 7%
Office and Administrative Support Occupations 12%
Construction and Extraction Occupations 17%
Extraction Workers 14%
Derrick, Rotary Drill, and Service Unit Operators, Oil, Gas, and Mining 8%
Production Occupations 7%
Transportation and Material Moving Occupations 7%
Material Moving Workers 6%
Pumping Station Operators 5%
Source: Bureau of Labor Statistics


Oil & Gas Extraction Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Patterson Uti Energy trademarks "GENASSIST" - Optimized and controlled battery storage system for engine automation on oil and gas drilling rigs - 03/02/2018
  • Baker Hughes a GE patents Core Catcher - 03/01/2018
  • Eog Resources patents Methods For Cementing A Subterranean Wellbore - 03/01/2018
  • B&H Construction trademarks "POLY SHORE" - POLYMERIC SURFACE WITH METALLIC COMPONENT ASSEMBLY FOR TRENCH SHORING AND BRACING - 02/16/2018
  • Headington Companies trademarks "FAROVER" - Computer application software providing information related to restaurants, bars, hotels, and retail clothing outlets; Computer application software that enables customers to search an online searchable database in the field of clothing, accessories, bags, shoes, and personal care products, from which customers can reserve and purchase products; computer application software featuring ratings, reviews, product information, and customized recommendations for consumer products, restaurants, bars, and hotels; computer application software for concierge services for others comprising making requested personal arrangement and reservations and providing customer-specific information; computer application software for personal shopping for others, personal stylist services, and making recommendations on clothing and accessories; software application that allows users to interact online with information and media content that other users share; software application software that allows users to discover, access and share information about, and media content concerning, goods, services, and experiences; computer e-commerce software to allow users to perform electronic business transactions via a global computer network; computer application software for messaging between customers and a sales assistant or concierge; computer application software for messaging and exchanging information and data; downloadable application that enables users to shop for merchandise and services online, and pay for purchases online; Computer application software booking vacations, tours, tickets to events, educational courses and trainings, spa treatments, and fitness courses; computer application software for making reservations in the food, beverage, entertainment, and hospitalities industries; computer application software for ordering and having food delivered; Computer application software for managing hotel and restaurant reservations; computer application software providing hotel check in and check out functions; computer application software for managing and requesting hotel room services; computer application software for hotel concierge services; computer application software for valet services - 02/16/2018
  • Lilis Energy raises $8 million in funding. - 02/09/2018
  • PetroShale US raises $75 million in funding. - 02/06/2018
  • Eclipse Resources Operating raises $440 million in funding. - 01/31/2018




  • Top Innovators

    CompanyInnovation Score
    Baker Hughes a GE4931
    Marathon Oil100
    Tesco Corporation US91
    Scientific Drilling International66

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Oil prices are close to levels not seen since the Thanksgiving 2014 bloodbath - In the first half of 2018, the seasonal drop in oil demand could pull crude futures out of sync with other commodities that are rallying, said Kevin Book, head of research for oil, gas and coal at ... On the other hand, OPEC's production cuts helped ... (01/11/2018)
    • Industry Group Challenges Proposed Ballot Question To Raise Oil And Gas Taxes - The Oklahoma Independent Petroleum Association on Wednesday filed two separate state Supreme Court challenges to a proposed state question that would ask voters to end industry discounts and impose a broad 7 percent tax on oil and gas production to fund ... (01/10/2018)
    • Global Oilfield Services Market 2018-2022 - Shale Gas Extraction Fueling the $125.5 Billion Market - Research and Markets - This growth is attributed to increasing shale gas production, growing global E&P spending, and lifting of Iranian oil export sanctions. The report segments the oilfield services market, on the basis of application, into onshore and offshore. The growth of ... (01/10/2018)
    • US oil production to hit record earlier than expected - The company expects supplies of natural gas and natural gas liquids to nearly double in the Permian Basin over the next five years. Ethanol production in the US will average almost 990,000 barrels per day in 2016 and 2017, an increase from 970,000 barrels ... (01/10/2018)
    • BRIEF-Geopark Q4 Consolidated Oil And Gas Production Up 30 Pct TO 30,654 Boepd - * GEOPARK ANNOUNCES FOURTH QUARTER 2017 OPERATIONAL UPDATE Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. (01/10/2018)
    • Billionaire CEO of Austin oil company to step down - Because the Permian is one of the cheapest places in the country to produce oil and gas, it was still profitable for Parsley to drill even as thousands of other companies cut back on exploration and production. That made Parsley a rare standout in the ... (01/10/2018)
    • Mixed, but steady bag for Norwegian oil and gas in 2018 - Jan. 10 (UPI) --Total production from Norway, one of the main oil and gas producers in Europe, should hold steady this year, but expect some marginal headwinds, an analysis finds. Apart from Russia, Norway is the top oil and natural gas supplier for the ... (01/10/2018)
    • Lower Oil Prices? Shale's Working on It - It's theoretical, based on overall production multiplied by average monthly oil and gas prices and the number of workers multiplied by average hours and wages. So don't plug into a model or anything like that. However, it does suggest that, as of November ... (01/09/2018)
    • Ineos Shale challenges Scottish government's oil, gas extraction ban - LONDON -- Ineos Shale has announced that, with its co-venture partner Reach, it has lodged a petition for judicial review of the recent decision by the Scottish Government to “effectively ban” onshore unconventional oil and gas extraction in Scotland ... (01/09/2018)
    • Learning To Leverage Artificial Intelligence In Oil, Gas - After several years of research on machine learning algorithms running on oil and gas production data, Solution Seeker has developed a hierarchical neural network model that improves the predictive power for real-time production optimization. The model ... (01/09/2018)


    Government Contracts

    In 2016, the federal government spent a total of $32,553,975 on Oil & Gas Extraction. It has awarded 379 contracts to 38 companies, with an average value of $856,684 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount