Drilling Oil and Gas Wells — Market Size & Saturation
There are 2,101 drilling oil and gas wells establishments in the United States — that's 0.6 businesses per 100,000 people.
Is Drilling Oil and Gas Wells Oversaturated?
With only 0.6 businesses per 100,000 people, the drilling oil and gas wells market has relatively low saturation. Just 2,101 establishments serve the entire US market.
Low saturation can indicate an opportunity — either the market is underserved, or there are high barriers to entry (capital requirements, licensing, specialized skills). If demand exists and you can clear the entry barriers, competition will be limited. However, verify that low saturation isn't due to declining demand.
Competition Dynamics
Entry and exit rates reveal how actively the competitive landscape is changing.
More businesses are opening (11.2%) than closing (8.7%) — the market is expanding and attracting new entrants. Competition is intensifying.
Should You Enter This Market?
Here's a summary of the competitive picture for drilling oil and gas wells:
Market Size
2,101 establishments
Density
0.6 per 100K people
Avg Revenue/Business
$19.8M/year
Competition Level
Low Competition
Low competition suggests opportunity — if you can clear entry barriers and validate demand in your local market, you'll face fewer rivals.
Frequently Asked Questions
- How many drilling oil and gas wells businesses are in the US?
- There are 2,101 drilling oil and gas wells establishments in the United States (8,708 unique firms). This translates to approximately 0.6 businesses per 100,000 people nationwide.
- Is the drilling oil and gas wells market oversaturated?
- With only 0.6 businesses per 100K people, the drilling oil and gas wells market has low saturation and may present opportunities for new entrants.
Sources: Bureau of Labor Statistics QCEW (2023), U.S. Census Bureau Business Dynamics Statistics. Population: 331,449,281 (2020 Census).