Employment
63,367
Total employees (Census CBP)
Mining, Quarrying, and Oil and Gas Extraction ·NAICS 211120
NAICS 211120 · IRS SOI 2023 · Census CBP
Crude Petroleum Extraction - Industry Benchmarks
$200,722/yr average annual pay, with 40 SBA loans on record for NAICS 211120.
- 17.6%
- Mining, Quarrying, and Oil and Gas Extraction sector margin
- 63K
- Workers employed
- $200,722/yr
- Avg payroll / employee
- $51M
- SBA lending, FY20–26
Data updated July 2026
The verdict · NAICS 211120
Texas leads Crude Petroleum 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 17.6% net margin.
- 17.6%
- Mining, Quarrying, and Oil and Gas Extraction sector margin (IRS SOI)
- 63K
- Workers employed (Census CBP)
- $200,722/yr
- Avg payroll / employee
- $51M
- SBA lending, FY20–26
Benchmarking Insights for Crude Petroleum Extraction
Crude Petroleum Extraction sits inside Mining, Quarrying, and Oil and Gas Extraction, a sector that runs a 17.6% net margin overall.
3,863 establishments employ 63,367 workers (16.4/location) at $200,722/yr average annual pay. Texas leads employment, followed by California and Colorado.
Avg Payroll / Employee
$200,722/yr
Annual compensation
Establishments
3,863
Business locations
Release-over-release change
What changed from Census CBP 2022 to 2023
Employment increased by 4,816; establishment count decreased by 110. This comparison uses two published national Census County Business Patterns releases; suppressed fields are omitted rather than estimated.
Workforce scale
Financial Detail
- Annual Payroll (Total)
- $12.7B
- Avg Employees per Establishment
- 16.4
Top States by Employment
| State | Employment |
|---|---|
| Texas | 31,638 |
| California | 4,085 |
| Colorado | 3,803 |
| Louisiana | 3,618 |
| New Mexico | 2,781 |
| North Dakota | 1,895 |
| Kansas | 1,054 |
| Pennsylvania | 873 |
| Utah | 490 |
| Montana | 442 |
Showing top 10 of 35 states
SBA Lending Activity
SBA FY2020–2026SBA Loans Approved
40
Total Loan Volume
$51M
Avg Loan Size
$1275K
Jobs Supported
228
Program Breakdown
7(a) 40 (100%)
504 0 (0%)
Top SBA Lender
UniBank
16 loans in this industry
New Business Share
47.5% of borrowers were new/startup businesses
Annual Lending Trend (7 yrs)
2020 7
2021 6
2022 13
2023 5
2024 4
2025 3
2026 2
Frequently Asked Questions
How profitable is Crude Petroleum Extraction?
IRS SOI doesn't publish margin data at the NAICS 211120 level. Texas leads this industry nationally. The broader Mining, Quarrying, and Oil and Gas Extraction sector runs a 17.6% net margin (IRS SOI 2023).
How many businesses are in Crude Petroleum Extraction?
3,863 business establishments. Together they employ 63,367 workers.
What is the average payroll per employee in Crude Petroleum Extraction?
$200,722/yr average annual pay per employee. Businesses average 16.4 employees per establishment.
Which states have the most Crude Petroleum Extraction employment?
Texas leads with 31,638 workers. California (4,085) and Colorado (3,803) round out the top three.
How much SBA lending does Crude Petroleum Extraction receive?
Crude Petroleum Extraction businesses received 40 SBA loans totaling $51 million between FY2020 and FY2026. The average loan size was $1275K. These loans supported 228 jobs at origination. Most lending (100%) came through the SBA 7(a) program.
Comparable industry benchmarks
These links are calculated from the current national dataset. They are comparison paths, not recommendations or evidence that businesses operate alike.
How this ranks: Its Census employment total exceeds 62% of that same 801-industry cohort. Calculated by ranking this industry's reported value against every other industry at the same NAICS digit-level, not the whole dataset: comparing a 6-digit detail industry to a 2-digit sector would mix incompatible scales.
Closest workforce scale
Same NAICS detail level, ordered by the smallest difference in reported Census employment.
Benchmarking Crude Petroleum Extraction
- No margin data, check the parent industry. Browse Mining, Quarrying, and Oil and Gas Extraction
- 3,863 establishments, 63,367 workers. Payroll benchmarks
- 40 SBA loans on record. SBA lending 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 211120 · Data year: 2023
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.