NAICS code 211 - Oil and Gas Extraction

Basic Industry Description for NAICS Code 211

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.

Establishments in this subsector include those that operate oil and gas wells on their own account or for others on a contract or fee basis. Establishments primarily engaged in providing support services, on a fee or contract basis, required for the drilling or operation of oil and gas wells (except geophysical surveying and mapping, mine site preparation, and construction of oil/gas pipelines) are classified in Subsector 213, Support Activities for Mining.

Numbers of Companies in FINTEL Data 283
Numbers of Small or Large Companies 71
Small Companies - in Net Sales less than $728,450
Large Companies - in Net Sales above $16,995,308

Reliable Industry Metrics for
NAICS Code 211 - just $ 79

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Total Liabilities to Net Worth = 74%

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