Oil and Gas Equipment Manufacturing Statistics 2026
Current US oil and gas equipment manufacturing statistics. How big is the OFS market, employment, top states, OEM landscape, and 2026 outlook.
The US oilfield equipment manufacturing sector covers drilling rigs, pressure pumping equipment, completion tools, artificial lift systems, wellheads, valves, and a long tail of specialty components.
How big is the US oilfield equipment industry?
US oilfield machinery shipments under NAICS 333132 in 2023.
Beyond the equipment OEMs sit thousands of specialty machine shops, casting and forging operations, valve makers, instrument manufacturers, and field service equipment providers serving the upstream and midstream segments.
Which states have the most oil and gas equipment employment?
| State | OFS employment | Anchor cities and clusters |
|---|---|---|
| Texas | 260,000 | Houston, Midland-Odessa, Fort Worth, Tyler |
| Oklahoma | 55,000 | Oklahoma City, Tulsa |
| Louisiana | 45,000 | Lafayette, Houma, New Orleans |
| North Dakota | 30,000 | Williston Basin, Bakken cluster |
| Pennsylvania | 28,000 | Marcellus shale, Pittsburgh region |
| Colorado | 22,000 | Denver-Julesburg Basin |
| New Mexico | 20,000 | Permian Basin (New Mexico side) |
| California | 15,000 | Bakersfield, San Joaquin Valley |
| Wyoming | 13,000 | Powder River Basin, gas processing |
| Alaska | 8,000 | North Slope, Cook Inlet |
Who are the major US oilfield equipment OEMs?
| Company | Primary focus |
|---|---|
| SLB (Schlumberger) | Drilling, completion, production, digital |
| Halliburton | Pressure pumping, completion, production |
| Baker Hughes | Drilling systems, oilfield services, energy technology |
| NOV | Drilling rig equipment, well intervention, fiber composites |
| Weatherford | Drilling, completion, intervention |
| ChampionX | Production chemicals, artificial lift |
| TechnipFMC | Subsea equipment, surface technologies |
| Cactus Inc. | Wellheads and pressure control |
| Patterson-UTI Energy | Drilling rigs and contract drilling |
| ProPetro Holding | Pressure pumping fleet |
How much US oil and gas is produced?
US crude oil production at near record levels through 2024, with the Permian Basin driving most marginal volume growth.
The EIA reports crude oil production at roughly 13.0 to 13.4 million barrels per day in 2024, with natural gas production above 105 Bcf per day. Rig counts have stabilized in the 600 range after the volatility of 2014 to 2021.
US oil and gas production is expected to remain near record levels through 2026, supporting steady demand for completion equipment, artificial lift, and midstream infrastructure manufacturing.
What does this mean for OFS suppliers in 2026?
The competitive picture rewards specialization and service depth. Shops that publish specific equipment specs, certifications (API monogram licenses), and product test data online win sourcing-team consideration. Shops with relevant API specifications (API 6A, 6D, 11D1, 16A, etc.) visible on their websites move faster through qualification.
AI assistants are starting to play a role in early supplier identification. Operators and OFS primes use them to compile shortlists, particularly when sourcing specialty components outside their incumbent vendor relationships.
Sources
- 01Mining and Oil and Gas Field Machinery Manufacturing (NAICS 333132) US Bureau of Labor Statistics, 2024
- 02US Oilfield Services Market Energy Information Administration, 2024
- 03