Employment
90,968
Total employees (Census CBP)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 2111
NAICS 2111 · IRS SOI (C corp) · Census CBP 2023
Oil and Gas Extraction - Industry Benchmarks
$192,366/yr average annual pay, with 51 SBA loans on record for NAICS 2111.
- 3.5%
- Mining, Quarrying, and Oil and Gas Extraction sector margin
- 91K
- Workers employed
- $192,366/yr
- Avg payroll / employee
- $57M
- SBA lending, FY20–26
Data updated August 2026
The verdict · NAICS 2111
Texas leads Oil and Gas Extraction activity nationally. IRS SOI doesn't publish margin data at this NAICS level, but the broader Mining, Quarrying, and Oil and Gas Extraction sector runs a 3.5% net margin.
- 3.5%
- Mining, Quarrying, and Oil and Gas Extraction sector margin (IRS SOI)
- 91K
- Workers employed (Census CBP)
- $192,366/yr
- Avg payroll / employee
- $57M
- SBA lending, FY20–26
Use Oil and Gas Extraction's NAICS benchmark as a comparison point, not a forecast for one business.
Oil and Gas Extraction is reported here with financial measures from IRS Statistics of Income and workforce measures from Census County Business Patterns. The page keeps those source systems distinct, shows unavailable fields rather than estimating them, and links the underlying industry context so readers can compare the same NAICS activity before interpreting a margin or payroll figure.
Source: IRS SOI (C corporation headline) and Census County Business Patterns 2023
Benchmarking Insights for Oil and Gas Extraction
Oil and Gas Extraction sits inside Mining, Quarrying, and Oil and Gas Extraction, a sector that runs a 3.5% net margin overall.
5,205 establishments employ 90,968 workers (17.5/location) at $192,366/yr average annual pay. Texas leads employment, followed by Oklahoma and Colorado.
Oil and Gas Extraction sits in the 31st percentile for employment among 4-digit NAICS industries with reported data.
Avg Payroll / Employee
$192,366/yr
Annual compensation
Establishments
5,205
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 6,198; establishment count decreased by 71. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Subscribe to this industry's release updates (RSS)Workforce scale
Financial Detail
- Annual Payroll (Total)
- $17.5B
- Avg Employees per Establishment
- 17.5
Sub-Industries
| Industry | Profit Margin |
|---|---|
| Crude Petroleum Extraction NAICS 21112 | N/A |
| Natural Gas Extraction NAICS 21113 | N/A |
Top States by Employment
| State | Employment |
|---|---|
| Texas | 41,550 |
| Oklahoma | 10,341 |
| Colorado | 5,564 |
| Louisiana | 5,266 |
| California | 4,397 |
| Pennsylvania | 4,033 |
| New Mexico | 3,984 |
| North Dakota | 2,618 |
| Ohio | 1,552 |
| Kansas | 1,451 |
Showing top 10 of 38 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
51
Total Loan Volume
$57M
Avg Loan Size
$1109K
Jobs Supported
307
Program Breakdown
7(a) 51 (100%)
504 0 (0%)
Top SBA Lender
UniBank
16 loans in this industry
New Business Share
39.2% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 8
2021 8
2022 14
2023 5
2024 4
2025 9
2026 3
Frequently Asked Questions
How profitable is Oil and Gas Extraction?
IRS SOI doesn't publish margin data at the NAICS 2111 level. Texas leads this industry nationally. The broader Mining, Quarrying, and Oil and Gas Extraction sector runs a 3.5% net margin (IRS SOI 2013 C corp).
How many businesses are in Oil and Gas Extraction?
5,205 business establishments. Together they employ 90,968 workers.
What is the average payroll per employee in Oil and Gas Extraction?
$192,366/yr average annual pay per employee. Businesses average 17.5 employees per establishment.
Which states have the most Oil and Gas Extraction employment?
Texas leads with 41,550 workers. Oklahoma (10,341) and Colorado (5,564) round out the top three.
How much SBA lending does Oil and Gas Extraction receive?
Oil and Gas Extraction businesses received 51 SBA loans totaling $57 million between FY2020 and FY2026. The average loan size was $1109K. These loans supported 307 jobs at origination. Most lending (100%) came through the SBA 7(a) program.
Nationwide industries with similar benchmark drivers
Two IRS/Census peer sets for Oil and Gas Extraction, both at NAICS level 4 and excluding this code so the neighborhoods are not self-links.
According to Census County Business Patterns 2023, Oil and Gas Extraction ranks #178 of 259 U.S. industries at the 4-digit NAICS level by total employment.
Similar workforce scale
Nearest peer industries by ABS(Census employment) (90,968 here).
Read with this industry: Industry employment trends · Mining, Quarrying, and Oil and Gas Extraction · Rankings
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.
Sources: IRS Statistics of Income (SOI) Business Tax Statistics · Census Bureau County Business Patterns 2023
NAICS 2111 · CBP 2023 · IRS SOI
According to the U.S. Census Bureau, which released its 2023 County Business Patterns dataset in June 2025, PlainBizBench benchmarks 2,002 U.S. industries against Internal Revenue Service Statistics of Income data. See our methodology for the full compilation process.
Read our methodology - how this data is sourced, computed, and verified.
Source: U.S. Census Bureau, County Business Patterns / SUSB Industry employment scale, payroll, and firm-size benchmarks · 2023
Every figure on PlainBizBench is rendered directly from federal source data, no number is typed in by an editor. This page aggregates profit-margin, payroll, entity-type, and SBA-lending benchmarks for this industry, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.
Disclaimer: Public IRS/Census data, not financial or tax advice. See our full disclaimer.