Drilling Oil and Gas Wells Revenue Benchmarks

How much does the average drilling oil and gas wells business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$19.8M

per year

💰

Profit Margin

15.0%

industry average

📈

Revenue / Employee

$634K

per year

👤

Total Businesses

1,472

in the US

🏢

Est. Owner Income

$3.0M

small business avg

💵

Labor Cost

15.0%

of revenue

👥

Avg Employee Wage

$117K

per year (BLS)

💼

Market Saturation

0.4

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$747K
5-9 employees
$2.9M
10-19 employees
$6.2M
20-99 employees
$21.2M
100-499 employees
$96.9M
500+ employees
$473.2M

🏆 Highest Revenue States

1.Alaska$63.6M avg2.Texas$30.9M avg3.North Dakota$28.5M avg4.California$25.0M avg5.Pennsylvania$16.6M avg6.Louisiana$16.1M avg7.Wyoming$16.1M avg8.Oklahoma$15.3M avg9.Mississippi$14.6M avg10.Colorado$13.6M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

11.16%

openings/year

Closure Rate

8.66%

closings/year

Net Job Growth

+17.55%

annual

Businesses Closed

688

in 2023

Firm Count Trend

19
20
21
22
23
9,386 firms8,708 firms

💡 Should You Start a Drilling Oil and Gas Wells Business?

Startup Cost

$50K – $250K

Break-Even

1 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Support Activities for Oil and Gas Operations$13.7MCrude Petroleum Extraction$17.5MConstruction Sand and Gravel Mining$7.7MNatural Gas Extraction$29.9MCrushed and Broken Limestone Mining and Quarrying$23.1M

Compare Drilling Oil and Gas Wells revenue with other industries:

vs Supportvs Crudevs Construction