The oil drilling and gas extraction industry in the United States had an estimated market value of 737.3 billion U.S. dollars as of September 2023. The industry employed around 149,000 people as of that time, which was a decrease of more than 70,000 people compared to February 2022.
The U.S. extracts around eight million barrels worth of oil every day, with the Permian basin being the largest oil producing region.
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IBISWorld. (September 30, 2023). Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. "Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023." Chart. September 30, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. (2023). Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld. "Selected Figures about The Oil Drilling and Gas Extraction Industry in The United States in February 2022 and September 2023." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 30 Sep 2023, /statistics/1312065/us-oil-and-gas-drilling-industry-figures/
IBISWorld, Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 ÌÇÐÄÆƽâ°æ, /statistics/1312065/us-oil-and-gas-drilling-industry-figures/ (last visited July 29, 2026)
Selected figures about the oil drilling and gas extraction industry in the United States in February 2022 and September 2023 [Graph], IBISWorld, September 30, 2023. [Online]. Available: /statistics/1312065/us-oil-and-gas-drilling-industry-figures/
