NAICS code 21111 - Oil and Gas Extraction

Basic Industry Description for NAICS Code 21111

This industry comprises establishments primarily engaged in operating and/or developing oil and gas field properties and establishments primarily engaged in recovering liquid hydrocarbons from oil and gas field gases. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operation of 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 industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas, and the recovery of hydrocarbon liquids from oil and gas field gases. Establishments in this industry operate oil and gas wells on their own account or for others on a contract or fee basis.

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 21111 - just $ 79

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Indicator of the Week

Inventory Turnover = 54.43

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