NAICS Code 211120 - Crude Petroleum Extraction 

Government Level - NAICS 6-Digit

Total Companies

6,073

Verified Companies

4,636

Est. Employment

113,228

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NAICS Code 211120 Description

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.

NAICS Code 211120 - Crude Petroleum Extraction  is a final level code of the “Mining, Quarrying, and Oil and Gas Extraction” Sector. There are 4,636 companies verified as active in this industry in the USA with an estimated employment of 113,228 people.

Industry Sector

Mining, Quarrying, and Oil and Gas Extraction

Annual Payroll

$11,524,199,000

Total Revenue

$165,358,648,000

SBA Size Standard

Maximum 1,250 Employees

Parent Category - 5-digit Level (less specific)

Industry Examples of NAICS 211120

Common types of examples within NAICS Code 211120 - Crude Petroleum Extraction  are:

  • Crude petroleum from oil sand
  • Crude petroleum from oil shale
  • Crude petroleum lease condensate production
  • Crude petroleum production
  • Kerogen processing
  • Offshore crude petroleum production
  • Oil field development for own account
  • Oil field exploration for own account
  • Oil shale mining and/or beneficiating
  • Operating crude petroleum field gathering lines, except on a contract basis
  • Petroleum, crude, production (i.e., extraction)
  • Shale, oil, mining and/or beneficiating
  • Stripper oil well production
  • Tar sands mining

Industry Image

Example photo for industry NAICS 211120 - Crude Petroleum Extraction . This image represents an activity or product found in this industry.

Cross-References

For some business types, there may be a similar industry to NAICS Code 211120 - Crude Petroleum Extraction  that is a better classification match. Performing oil field services for operators on a contract or fee basis--are classified in NAICS Code 21311 - Support Activities for Mining; The combined activities of crude petroleum and natural gas extraction--are classified in NAICS Code 2111 - Oil and Gas Extraction; and Refining crude petroleum into refined petroleum and liquid hydrocarbons--are classified in NAICS Code 324110 - Petroleum Refineries.

Companies

SICCODE.com compiles comprehensive business data and executive contact leads for businesses within NAICS Code 211120 - Crude Petroleum Extraction . Some of the leading and most notable companies are listed below. To order a list of companies within NAICS Code 211120 - Crude Petroleum Extraction  for marketing (postal mailing, telemarketing, emailing) or analytics-use, click on the link below to “Buy Business List”. Our data analysts are standing by to assist in your list setup and target marketing.

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Industry Executives

Would you like to email executives in NAICS Code 211120 - Crude Petroleum Extraction ? Below are some of the common job titles available to be targeted.

  • Business Development
  • Chairman
  • C-Level
  • Director
  • Engineering
  • Executive Director
  • Facilities
  • Finance
  • Human Resource
  • IT
  • Manager
  • Marketing
  • Manufacturing
  • Operations
  • Owner
  • Partner
  • President
  • Principal
  • Purchasing
  • Sales
  • Vice President

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USA Import, Export, and Balance of Trade

Import (USD)

$156,859,457,909

Export (USD)

$48,200,209,326

Balance of Trade (USD)

-$108,659,248,583

Top Countries by U.S. Imports

Canada $60,799,098,089
Saudi Arabia $21,417,703,759
Mexico $14,172,818,452
Iraq $11,811,186,446
Venezuela $10,388,635,317

Top Countries by U.S. Exports

Canada $10,323,729,549
Korea, South $5,805,327,729
China $5,430,626,753
United Kingdom $3,881,127,203
India $3,551,022,862

Countries With Highest Trade Surplus

Korea, South $5,805,327,729
China $5,430,626,753
Taiwan $3,293,603,813
India $3,276,117,687
Netherlands $3,169,239,428

Countries With Highest Trade Deficit

Canada -$50,475,368,540
Saudi Arabia -$21,417,703,759
Mexico -$14,104,810,541
Iraq -$11,811,186,446
Venezuela -$10,388,635,317

U.S. Total Import value for NAICS Code 211120 is $156,859,457,909. Canada, Saudi Arabia, and Mexico accounted for the top imports of Crude Petroleum in 2018.

U.S. Total Export value for this industry is $48,200,209,326. Canada, Korea, South, and China accounted for the top exports of Crude Petroleum in 2018.

Questions & Answers

  • What is the NAICS Code for Petroleum Production?

    Petroleum production companies from wells or surface shale and sands are classified under NAICS Code 211120 - Crude Petroleum Extraction.

  • What is the SBA size standard for NAICS 211120?

    Businesses up to 1,250 Employees in size are considered small businesses by SBA.

  • How many active businesses operate in NAICS Code 211120?

    There are 4,636 verified business locations operating primarily in this industry.

  • What was the total revenue for NAICS Code 211120?

    In 2017 the total revenue for Crude Petroleum Extraction  was $165,358,648,000

  • What was the annual payroll for NAICS Code 211120?

    In 2017 the annual payroll for Crude Petroleum Extraction  was $11,524,199,000

  • How many people work in NAICS Code 211120?

    The number of reported paid employees is 113,228.