NAICS 211111 Quarterly Industry Report
Crude Petroleum and Natural Gas
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
Industry Definition & Overview
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Mining, Quarrying, and Oil and Gas Extraction | 21 |
| Subsector | Oil and Gas Extraction | 211 |
| Industry Group | Oil and Gas Extraction | 2111 |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | Texas | 40.4% | 2,780 |
| 2 | Oklahoma | 15.1% | 1,041 |
| 3 | Colorado | 5.5% | 377 |
| 4 | Kansas | 5.2% | 358 |
| 5 | Louisiana | 5.2% | 354 |
| 6 | California | 2.9% | 201 |
| 7 | Pennsylvania | 2.8% | 194 |
| 8 | Ohio | 2.5% | 175 |
| 9 | West Virginia | 2.4% | 164 |
| 10 | Illinois | 2.2% | 154 |
SBA Lending Summary
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Community Bank & Trust-West Georgia | 8 | $29.7M | $3.7M |
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Census Bureau, County Business Patterns census.gov
- [2]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
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