Drilling Oil and Gas Wells in Michigan
Revenue benchmarks for drilling oil and gas wells businesses operating in Michigan.
#15 of 50 states-65.8% vs national avg
Average Revenue
$6.8M
per year
Businesses
25
in Michigan
Revenue / Employee
$435K
per year
Labor Cost
15.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
0.2
firms per 100K in MI
Total Revenue
$169.2M
all firms in MI
Total Employees
389
in MI
How Michigan Compares
National Average$19.8M
Michigan$6.8M
Difference$13.0M (-65.8%)