Drilling Oil & Gas Wells Industry: Statistics, Forecasts, and Company Data

Drilling Oil & Gas Wells - Market Size and Industry Forecast

The 2023 Drilling Oil and Gas Wells Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the drilling oil & gas wells industry.

	Historical					Forecasted
	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Market Size (Total Revenue)
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data.



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Drilling Oil & Gas Wells - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Drilling Oil & Gas Wells companies in the United States.

Distribution by Company Size

Company Size	All Industries	Drilling Oil & Gas Wells
Small Business (< 5 Employees)
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Drilling Oil & Gas Wells - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies included).

	Industry Average	Percent of Sales
Total Revenue
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Drilling Oil & Gas Wells - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Drilling Oil & Gas Wells - Compensation and Salary Surveys

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%
Chief Executives	0%
General and Operations Managers	3%
Office and Administrative Support Occupations	8%
Construction and Extraction Occupations	46%
Supervisors of Construction and Extraction Workers	5%
First-Line Supervisors of Construction Trades and Extraction Workers	5%
First-Line Supervisors of Construction Trades and Extraction Workers	5%
Construction Trades Workers	6%
Extraction Workers	35%
Derrick, Rotary Drill, and Service Unit Operators, Oil, Gas, and Mining	18%
Service Unit Operators, Oil, Gas, and Mining	10%
Roustabouts, Oil and Gas	12%
Roustabouts, Oil and Gas	12%
Installation, Maintenance, and Repair Occupations	8%
Other Installation, Maintenance, and Repair Occupations	5%
Production Occupations	6%
Transportation and Material Moving Occupations	14%
Motor Vehicle Operators	7%
Driver/Sales Workers and Truck Drivers	7%
Heavy and Tractor-Trailer Truck Drivers	7%
Material Moving Workers	5%

Government Contracts

In the past, the federal government spent an annual total of $249,111 on the drilling oil & gas wells industry. It has awarded 19 contracts to 11 companies, with an average value of $22,646 per company.

Drilling Oil & Gas Wells and Adjacent Industries - Top Companies

Company	Address	Revenue ($ Millions)