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, market research and analysis, financial ratios and salary surveys, and more.
Select from the following sections or scroll below to view available resources:
For guides to other industries, see our index of over 400 industries.
Industry Analysis, Trends, Statistics, and Forecasts
Comprehensive market research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Report contents include:
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 profiles cover key aspects of an industry's size, scope, and operations and include a five-year growth forecast. Profile contents include:
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.
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Financial Statements and Financial Ratios
Oil and Gas Production / Field Services
https://www.bizminer.com 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.
RMA Annual Statement Studies
Oil & Gas Extraction / Drilling and Support Services
https://www.rmahq.org/ 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.
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Compensation and Salary Surveys
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 Assessor®, 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
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.
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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.