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Oil Drilling & Gas Extraction in Washington

Author.Name IBISWorld United States Last Updated: April 2025 NAICS WA21111

Oil Drilling & Gas Extraction in Washington industry analysis

The Oil Drilling & Gas Extraction industry in Washington is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to xx locations. Industry employment has increased an annualized x.x% to xx workers, while industry wages have decreased an annualized -x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to decline -x.x%. Industry establishments are forecast to grow x.x% to xx locations. Industry employment is expected to increase an annualized x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x thousand.

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About the Oil Drilling & Gas Extraction in Washington Market Research Report

What’s Included in the Oil Drilling & Gas Extraction in Washington Market Research Report

Definition of the Oil Drilling & Gas Extraction in Washington?

Companies in this industry operate and develop oil and gas field properties. Activities include the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and the recovery of hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.

What’s included in the Oil Drilling & Gas Extraction in Washington?

The Oil Drilling & Gas Extraction in Washington includes crude petroleum and natural gas, natural gas liquid, exploring for crude petroleum and natural gas, wells and separators, emulsion breakers, desilting equipment and field gathering lines for crude petroleum. Related terms covered in the Oil Drilling & Gas Extraction in Washington industry report includes an underground or undersea deposit of oil contained within a stable geological formation, gases that consist primarily of methane but also include small amounts of heavier hydrocarbons such as propane and butane, an energy source formed by cooling natural gas to a very low temperature, at which it becomes liquid, structures located in the ocean that are designed to extract oil or gas from underneath the seabed, abbreviated as opec, this global organization, consisting of 12 countries, is designed to create stability and control in the petroleum markets and a form of alcohol used as a fuel, which is primarily made from grains, such as corn and soybeans.

Industry Performance of the Oil Drilling & Gas Extraction industry in Washington

Benchmark the Oil Drilling & Gas Extraction in Washington industry performance with all WA county and national performance.

Oil Drilling & Gas Extraction in Washington

#43 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Oil Drilling & Gas Extraction in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Oil Drilling & Gas Extraction industry in Washington

See how key industry drivers, such as population, new business formation, per capita disposable income, world price of crude oil, world price of natural gas and world production of oil are impacting Oil Drilling & Gas Extraction in Washington

Washington Economic Indicators

Population
New Business Formation
Per Capita Disposable Income

View more economic information in WA State Economic profile

US Key External Drivers

World price of crude oil
World price of natural gas
World production of oil

For the full list of industry drivers, see report purchase options.

County Data of the Oil Drilling & Gas Extraction industry in Washington

Access proprietary data on county in the Oil Drilling & Gas Extraction in Washington, such as Spokane County, King County and Thurston County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Oil Drilling & Gas Extraction industry in Washington

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Oil Drilling & Gas Extraction industry in Washington in 2025?

The market size of the Oil Drilling & Gas Extraction industry in Washington is $8.3m in 2025.

How many businesses are there in the Oil Drilling & Gas Extraction industry in Washington in 2025?

There are 70 businesses in the Oil Drilling & Gas Extraction industry in Washington, which has been growing at an average annual rate of 2.8% from 2020 to 2025.

Has the Oil Drilling & Gas Extraction industry in Washington grown or declined over the past 5 years?

The market size of the Oil Drilling & Gas Extraction industry in Washington has been growing at an average annual rate of 10.1% from 2020 to 2025.

How many employees in the Oil Drilling & Gas Extraction industry in Washington in 2025?

There are 70 employees in the Oil Drilling & Gas Extraction industry in Washington, which has been growing at an average annual rate of 2.8% from 2020 to 2025.