Oil & gas extraction

Industry Group

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Workforce Population

100k

2023

Average Employee Age

43.4

2023

Estimated Job Growth

−5.72%

10-Year Projection

Average Salary

$134,364

2023

Average Male Salary

$138,297

2023

Average Female Salary

$119,091

2023

About

The top three occupations in the Oil & gas extraction Industry Group are petroleum, mining & geological engineers, including mining safety engineers, firstline supervisors of construction trades & extraction workers, and other managers. On average, full-time employees in the Oil & gas extraction Industry Group work 50 hours per week and have an average annual salary of $137,949. Part-time employees in the same industry work 19.9 hours and earn an average annual salary of $57,822.

The locations with the highest concentration of employees in the Oil & gas extraction Industry Group are Permian Basin Regional Planning Commission (Central)--Midland County, Midland City PUMA, TX, Lea and Eddy County PUMA, NM, and Houston-Galveston Area Council--Montgomery County (South), The Woodlands (North) PUMA, TX.

The workforce of Oil & gas extraction Industry Group in 2023 was 100,426 people, with 20.5% woman, and 79.5% men.

In 2023, 77.3% of the workforce in the Oil & gas extraction Industry Group was White (77,646 people), of which 19.7% were women and 80.3% men.

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Agriculture, Forestry, Fishing and Hunting, and Mining Mining, Quarrying, & Oil & Gas Extraction

Employment & Salaries

A snapshot of workforce, wages, and opportunities in the Oil & gas extraction Industry Group.

The workforce in Oil & gas extraction Industry Group was 100,426 people and is concentrated in Texas (49,231 workers). The average annual salary was $134,364, being $66,637 more than the national average salary, which was $67,727.

Monthly Employment

Start Year

Y-Axis

0.98%

Year-over-year growth

Employment change between February 2022 and February 2023

As of February 2023, there are 72.1k people employed in the Oil and Gas Extraction industry. This represents a 0.98% increase in employment when compared to February 2022.

This chart shows monthly employment numbers for Oil and Gas Extraction over time (non-seasonally adjusted).

Employment by Location

The states that concentrated the largest workforce in 2023 were Texas (49.2k), Oklahoma (8.34k), and Colorado (5.74k).

This map shows the states in the United States shaded by workforce for Oil & gas extraction Industry Group.

Yearly Wage Ranking

In 2023, Oil & gas extraction Industry Group had an average annual wage of $134,364, $66,637 more than the average national salary of $67,727.

The graph shows the position of Oil & gas extraction Industry Group in the ranking of industries by average annual wage.

Wage Distribution

0.392

WAGE GINI

Oil & gas extraction has a wage GINI of 0.392, which is less than than the national average of 0.476. In other words, wages are distributed more evenly in Oil & gas extraction (shown in red) in comparison to the national average for those wage buckets (shown in gray).

The graphic shows the distribution of average salaries by buckets for Oil & gas extraction Industry Group workers compared to the entire workforce in the country.

Occupations

A review of jobs and wages in the Oil & gas extraction Industry Group.

Petroleum, mining & geological engineers, including mining safety engineers are the most common position with 7,392 workers, but the Oil & gas extraction Industry Group employs a relatively high number of Firstline supervisors of construction trades & extraction workers and Other managers.

The highest average salary in Oil & gas extraction goes to Industrial production managers.

Occupations Distribution

The graph shows the distribution of employees in the Oil & gas extraction Industry Group according to occupations. In 2023, the occupations that concentrated the largest number of employees in this industry were petroleum, mining & geological engineers, including mining safety engineers (7,392 people), firstline supervisors of construction trades & extraction workers (6,575 people), and other managers (5,506 people)

Wage by Sex in Common Jobs

$138,297

AVERAGE MALE SALARY

±$10,402

$119,091

AVERAGE FEMALE SALARY

±$18,549

On average, Male workers in the Oil & gas extraction Industry Group make 1.16 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Oil & gas extraction Industry Group.

Business

Estimates of the sources of the costs and the purchasers of the products in the Oil & gas extraction Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries.

The industrial flow illustrates the intermediate inputs and the use of outputs of the Oil & gas extraction Industry Group.

The Oil & gas extraction Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry.

Texas and Oklahoma stand out as the states with the largest number of establishments in the Oil & gas extraction Industry Group.

Industrial Flow

The closest comparable data for Oil & gas extraction is from Agriculture, Forestry, Fishing and Hunting, and Mining.

Manufacturing has the highest single input, by dollars, to the Oil & gas extraction Industry Group, and the largest industry purchasing services from the Oil & gas extraction Industry Group is Manufacturing.

In this flow diagram, all of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Intermediate Inputs

The closest comparable data for Oil & gas extraction is from Agriculture, Forestry, Fishing and Hunting, and Mining.

HIGHEST INPUT INDUSTRY

Manufacturing
Professional and business services
Mining

The Oil & gas extraction Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry. This visualization does not include labor and capital costs.

Use of Output by Other Industries

The closest comparable data for Oil & gas extraction is from Agriculture, Forestry, Fishing and Hunting, and Mining.

LARGEST PURCHASING INDUSTRY

The Manufacturing Industry purchases the greatest share of products and services from the Oil & gas extraction Industry Group in order to produce other goods and services. Purchases of the Oil & gas extraction Industry Group for final consumption by consumers, businesses, or government are not included here.

Establishments

States with more establishments in 2022

Texas
2,039
Oklahoma
802
Louisiana
299

The charts shows the distribution of establishments in the Oil & gas extraction industry by states and the number of establishments according to size.

Diversity

Demographic information on the Oil & gas extraction Industry Group in the US.

Of the total workforce, 20.5% corresponds to women and 79.5% men. Male employees tend to earn more than Female employees, with average respective salaries of $138,297 and $119,091.

72.7% of workers have a bachelors degree, high school or equivalent or some college.

Gender and Age

20,565

Women

20.5%

79,861

Men

79.5%

The workforce of Oil & gas extraction industry in 2023 was 100,426 people, with 20.5% woman, and 79.5% men.

The visualization shows the distribution of the workforce by gender and age in Oil & gas extraction industry.

Races

In 2023, 77.3% of the workforce in the Oil & gas extraction industry was White (77,646 people), of which 19.7% were women and 80.3% men.

Other races that concentrated a significant number of workers were Two or More Races and Other.

Educational Levels

The main educational levels achieved by the Oil & gas extraction workers in 2023 were bachelors degree (27,738 people), high school or equivalent (26,844 people), and some college (18,451 people).

The chart shows the Oil & gas extraction workforce by gender and educational level.

Projections

Growth projections of the Oil and Gas Extraction industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow −5.72% in the next ten years. The Oil and Gas Extraction industry has a lower projected workforce growth at −5.72%. Its projected 10-year growth in output (45.1%) is lower than the projected national growth in output (45.1%).

Job Growth

For growth projections, the closest comparable industry reported by the Bureau of Labor Statistics is Oil and Gas Extraction.

−5.72%

Estimated Job Growth

10-year Projection

−5.72%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Oil and Gas Extraction. This industry is expected to grow approximately the same than −5.72%, the average rate of national job growth.