Crude Petroleum Extraction
Key Figures
Figures are published for NAICS 211120 directly.
Secure payments powered by Stripe, a PCI DSS Level 1 certified provider
Official definition
This industry comprises establishments primarily engaged in (1) the exploration, development, and/or the production of petroleum from wells in which the hydrocarbons will initially flow or can be produced using normal or enhanced drilling and extraction techniques or (2) the production of crude petroleum from surface shales or tar sands or from reservoirs in which the hydrocarbons are semisolids. Establishments in this industry operate oil wells on their own account or for others on a contract or fee basis.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Crude Petroleum Extraction covers establishments engaged in exploring, developing, and producing petroleum from wells using standard or enhanced drilling techniques, or extracting crude petroleum from surface shales, tar sands, or semisolid reservoirs. The boundary with Natural Gas Extraction lies in the primary hydrocarbon product; while crude petroleum extraction focuses on liquid petroleum and its production or operation, Natural Gas Extraction is classified separately and covers establishments primarily engaged in extracting gaseous hydrocarbons.