---
title: "Oil and Gas Equipment Manufacturing Statistics 2026: US Industry and Outlook"
description: "Current US oil and gas equipment manufacturing statistics. How big is the OFS market, employment, top states, OEM landscape, and 2026 outlook."
slug: oil-and-gas-equipment-statistics
type: statistics
publishedAt: 2026-05-29
updatedAt: 2026-06-02
readingTime: "~9 min read"
keywords: "oil and gas equipment statistics, OFS industry, oilfield services, oil and gas manufacturers"
breadcrumb:
  - { name: "Home", href: "/" }
  - { name: "Oil and Gas Equipment Statistics", href: "/oil-and-gas-equipment-statistics" }
linkPhrases:
  - "oil and gas equipment"
  - "oilfield equipment"
  - "oil and gas equipment statistics"
related:
  - manufacturing-statistics
  - welding-statistics
sources:
  - title: "Mining and Oil and Gas Field Machinery Manufacturing (NAICS 333132)"
    publisher: "US Bureau of Labor Statistics"
    year: "2024"
    url: "https://www.bls.gov/iag/tgs/iag3331.htm"
  - title: "US Oilfield Services Market"
    publisher: "Energy Information Administration"
    year: "2024"
    url: "https://www.eia.gov/"
  - title: "Petroleum Equipment and Services Association"
    publisher: "EWA"
    year: "2024"
    url: "https://www.energyworkforce.org/"
---

<UpdatedDate date="2026-06-02" readingTime="~9 min read" />

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.

<KeyTakeaways>

- US oilfield equipment manufacturing generates approximately $35 to $45 billion in annual revenue.
- The combined US oilfield services and equipment sector employs more than 600,000 workers.
- Texas alone hosts roughly 40% of all US oil and gas equipment manufacturing employment.
- Major OFS primes include Halliburton, SLB, Baker Hughes, NOV, ChampionX, and Weatherford.
- US shale production has stabilized near record output, supporting steady equipment replacement demand.

</KeyTakeaways>

## How big is the US oilfield equipment industry?

<StatSnippet value="$40B" source="Census Annual Survey of Manufactures, 2023" sourceUrl="https://www.bls.gov/iag/tgs/iag3331.htm">
US oilfield machinery shipments under NAICS 333132 in 2023.
</StatSnippet>

<StatSnippet value="600K+" source="Energy Workforce Alliance, 2024" sourceUrl="https://www.energyworkforce.org/">
Combined US oilfield services and equipment workforce.
</StatSnippet>

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.

<StatGrid>
  <StatCard value="$40B" label="Oilfield machinery shipments" source="Census, 2023" />
  <StatCard value="600K+" label="OFS and equipment combined workforce" source="EWA, 2024" />
  <StatCard value="~13M bbl/day" label="US crude oil production, 2024" source="EIA, 2024" />
  <StatCard value="105 Bcf/day" label="US natural gas production, 2024" source="EIA, 2024" />
  <StatCard value="~600" label="US active drilling rigs, mid-2024" source="Baker Hughes Rig Count" />
  <StatCard value="40%" label="Texas share of US OFS manufacturing employment" source="EWA, 2024" />
</StatGrid>

## Which states have the most oil and gas equipment employment?

<DataTable caption="Top US states by combined OFS and oilfield equipment employment, 2024">

| 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                               |

</DataTable>

<InlineCTA title="See how oil and gas buyers find your shop in AI search" body="Operators and OFS sourcing teams use ChatGPT and Perplexity to compile shortlists of certified suppliers. Run a free check on your domain to see what they currently see." source="oil-and-gas-equipment-statistics-mid" />

## Who are the major US oilfield equipment OEMs?

<DataTable caption="Selected US oilfield equipment OEMs, 2024">

| 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                                          |

</DataTable>

## How much US oil and gas is produced?

<StatSnippet value="13M bbl/day" source="US Energy Information Administration, 2024" sourceUrl="https://www.eia.gov/">
US crude oil production at near record levels through 2024, with the Permian Basin driving most marginal volume growth.
</StatSnippet>

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.

<PullQuote source="US Energy Information Administration, 2024 Short-Term Energy Outlook">
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.
</PullQuote>

## 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.

<Callout type="tip" title="Where to go from here">

For broader context, read the [manufacturing statistics report](/manufacturing-statistics). For related processes used heavily in oilfield equipment, see [welding industry statistics](/welding-statistics) and [CNC machining statistics](/cnc-machining-statistics). To see how AI search describes your oilfield supplier business, run a [free AI-visibility check](/checker).

</Callout>

<CiteBox title="Oil and Gas Equipment Manufacturing Statistics 2026" url="https://manufacturingseo.ai/oil-and-gas-equipment-statistics" citation={`Manufacturing SEO AI. "Oil and Gas Equipment Manufacturing Statistics 2026: US Industry and Outlook." Manufacturing SEO AI, June 2026. https://manufacturingseo.ai/oil-and-gas-equipment-statistics`} />