WASHINGTON, March 4, 2015 /PRNewswire-USNewswire/ -- The U.S.
Census Bureau released figures today from the Economic Census
showing that the value of shipments for the nation's crude
petroleum and natural gas extraction (NAICS 211111) industry
climbed 28.9 percent between 2007 and 2012, despite only an 8.5
percent increase in the number of establishments over the same
period.
Value of shipments rose from $212.8
billion in 2007 to $274.3
billion in 2012, with the number of establishments
increasing from 5,964 to 6,470.
The industry also experienced a 21.1 percent increase in
employment, which climbed from 143,054 in 2007 to 173,281 in 2012.
Payroll jumped even more dramatically: 62.2 percent, from
$9.1 billion in 2007 to $14.7 billion in 2012.
The industry's growth was attributable to crude petroleum, whose
substantial rise in value of shipments over the period (73.8
percent) was in stark contrast to that of natural gas, which
experienced a 22.5 percent drop. The value of crude petroleum
shipped was $102.3 billion in 2007
and $177.7 billion in 2012; the
respective values for natural gas were $96.3
billion and $74.6 billion. The
value of shipments data presented in this news release does not
control for impact of changes in price or volume of crude or
natural gas production.
The establishments in this industry operate oil and gas wells on
their own account or for others on a contract fee basis.
These results are part of the 2012 Economic Census Industry
Series, which publishes national statistics for detailed industries
as well as information on the product lines sold or services
provided by businesses. These data are collected for
establishments, which are typically single physical locations of a
business that produce or distribute goods or perform services, and
can be accessed via census.gov.
For the mining sector (NAICS 21), which includes crude
petroleum and natural gas extraction, more recent information comes
from two economic indicators: third quarter 2014
data from the Quarterly Financial Report, while data on
exports and imports of oil and gas are available for
December 2014 from our International
Trade series. Similar programs are also conducted for other
economic sectors. These programs publish information similar to
what is available from the economic census but at less detailed
industry and geographic levels. For more information on the
data available from these other surveys for a given industry, see
the Industry Statistics Portal. This release completed
the 2012 Economic Census Industry Series.
Petroleum Wholesalers Industry
Also recently released
from the 2012 Economic Census Industry Series are statistics from a
related industry − petroleum and petroleum products merchant
wholesalers (NAICS 4247). This industry includes gasoline merchant
wholesalers, lubricating oil and grease merchant wholesalers, and
petroleum bulk stations and terminals.
Sales of biofuels by this industry (NAICS 4247) increased 291.5
percent between 2007 and 2012, from $3.0
billion to $11.7 billion.
Biofuels include ethanol, methanol, biodiesel and gasohol.
Additional 2012 to 2007 comparisons for petroleum
wholesalers:
- Petroleum and petroleum products merchant wholesalers (NAICS
4247) reported $1.4 trillion in sales
in 2012. This amounted to a 66.3 percent increase from 2007,
despite a 13.8 percent decline from 7,871 establishments to 6,788
establishments in this industry over the same period.
- Sales of refined petroleum products, excluding liquefied
petroleum by this industry (NAICS 4247) increased 72.6 percent from
$617.0 billion to $1.1 trillion. Sales of crude oil by this
industry (NAICS 4247) rose 137.6 percent from $86.0 billion to $204.4
billion.
- The number of petroleum bulk stations and terminals (NAICS
42471) decreased 8.4 percent from 4,810 to 4,408, although their
sales rose 72.1 percent from $509.3
billion in 2007 to $876.5
billion in 2012.
- The number of petroleum and petroleum products merchant
wholesalers, except bulk stations and terminals (NAICS 42472),
declined 22.2 percent, from 3,061 in 2007 to 2,380 in 2012, but
experienced a 57.2 percent jump in sales from $322.9 billion to $507.4
billion over the same period.
About the Economic Census
The U.S. Census Bureau
conducts an Economic Census every five years and provides a
comprehensive and detailed profile of the U.S. economy, covering
millions of businesses representing more than 1,000 industries and
providing unique portraits of American industries and local
communities.
Economic Census statistics are being released over a two-year
period. Statistics at the local level, including information for
more than 5,000 communities not available from previous economic
censuses, became available starting in January and will be released
on a flow basis over the course of the remainder of 2015. The
subjects/summary series will be released through June of
2016. Separate statistics for 2012 on the approximately 21
million businesses without paid employees are available via
census.gov.
Current and historical economic census data are available via
census.gov. For more information about the economic census
(including a release schedule), visit
http://www.census.gov/econ.
The statistics presented in this release are based on data
from the 2007 and 2012 economic censuses and include data only for
establishments with paid employees. The 2012 Economic Census
Industry Series results will be superseded in subsequent data
product releases. All dollar values are expressed in current
dollars relative to each survey year, i.e., they are not adjusted
for price changes. For more information about the Economic Census
(including a data release schedule and information on
comparability, confidentiality protection, sampling error,
nonsampling error, and definitions), see
http://www.census.gov/econ/census/.
CB15-35
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Robert Bernstein
Public Information Office
301-763-3030
email: pio@census.gov
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SOURCE U.S. Census Bureau