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Oil and Gas Exploration and Production

SIC 1311 | NAICS 211111

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following sections or scroll below to view available resources:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Oil Drilling & Gas Extraction  (view report)
Oil & Gas Field Services  (view report)

Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:

  • Key statistics
  • Market size and characteristics
  • Current performance
  • Competitive landscape
  • Major companies
  • Key risk and success factors
  • Five-year growth forecast

U.S. Energy Information Administration, U.S. Department of Energy
Petroleum & Other Liquids: Crude Reserves & Production
Natural Gas: Exploration and Reserves / Production
"Data" and "Analysis & Projections" sections include reports on topics such as production on a national and state level; well drilling activity by site and type; number of exploratory and developmental wells drilled; and proved reserves and changes in reserves. All reports are available free online.

First Research

Oil and Gas Exploration and Production / Field Services
First Research profiles cover key aspects of an industry's size, scope, and operations, and include a five-year revenue growth forecast. Profiles are updated quarterly and include:
  • Industry overview
  • Recent developments
  • Critical issues and challenges
  • Business trends and opportunities
  • Executive insights
  • Financial benchmarking data
  • Five-year growth forecast

Independent Petroleum Association of America
Reports & Statistics
Various reports and studies included in this section provide detailed statistical information on U.S. petroleum production on a current and historical basis, with resources available including "United States Petroleum Statistics" and "Profile of Independent Producers".  All publications are available free online.

IRS Audit Technique Guides
Oil & Gas Industry
IRS audit guide contents include an overview of the industry and its business practices with primary focus on accounting and tax issues. Publication is available free online.

Standard & Poor's Industry Surveys
Oil & Gas: Production and Marketing / Equipment and Services
Standard & Poor's survey provides in-depth coverage for these industries, with topics covered including current business environment; industry profile, trends, and operations; key ratios and statistics; how to analyze a company; and comparative company analysis. Sample report can be viewed online.

Financial Benchmarking Data

Industry Financial Ratios
Oil and Gas Production / Field Services  Search for "211111" and "2131"
Five-year financial statement analysis includes income statements, balance sheets, and key financial ratios, with data available by sales size range on a national, state, and metro area level.
  • Income and expense detail in dollars and percentages
  • Balance sheets in dollars and percentages
  • Cash flow analysis
  • Liquidity and working capital ratios
  • Profitability and return on investment ratios
  • Asset turnover and efficiency ratios
  • Capital structure and debt service ratios

RMA Annual Statement Studies
Oil & Gas Extraction / Drilling and Support Services  Search for "211111", "213111", and "213112"
Annual financial statement analysis includes common-size income statements and balance sheets and key financial ratios for companies in this industry. Report includes five years of historical data with the most recent year's data broken out by sales and assets size range. Sample report can be viewed online.

Compensation Surveys

Hays Specialist Recruitment
Global Salary Guide
Salary guide provides compensation and benefits information for a broad spectrum of job positions on a global basis, with salary data reported by discipline area, company type, and country, and benefits information reported by company type and global region. Complete guide is available online., Inc.
Rigzone Salary Survey
Annual survey includes detailed information on compensation trends by job position and geographic region for the last four years and also includes breakdowns by education level and company size based on total employment. Summary results and sample report are available online.

ERI Economic Research Institute
Salary Surveys: Oil & Gas Exploration / Extraction / Field Services / Drilling Services
Annual publication provides compensation data from ERI AssessorĀ®, government, and survey participant databases for executive, salaried, and hourly personnel on a national and regional level. Complete listing of job positions included in the survey and sample pages for selected job positions are accessible online.

Society of Petroleum Engineers
Salary Survey
Annual survey provides salary data by job category and country/global region for petroleum engineering professionals and also includes information on the impact of gender and education level on compensation. Summary highlights from current and prior surveys can be viewed online.

U.S. Bureau of Labor Statistics
Occupational Outlook Handbook - Petroleum Engineers
Information provided for this occupational category includes a description of the nature of the work and the work environment, number and types of jobs, education and training requirements, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Business Valuation Resources

Stout Risius Ross, Inc.
Oil and Gas Company Valuation
Articles address the valuation of upstream, midstream, and downstream companies, with topics covered including segment overview, methods of accounting, analyzing financial statements, reserves and reserve categories, valuation approaches and methodology, and key pricing metrics.

BVR Business Valuation Guides and Books
Guidance from the Experts: Valuing Oil & Gas Entities
Special report provides insights on various methods and techniques used in valuing these entities, with topics covered including field service companies, working and royalty interests, mineral and production rights, and master limited partnerships. Summary description and table of contents can be viewed free online.