Ranger Minerals
  • Our Company Who We Are
  • Opportunities Buy or Sell
    • Minerals/Royalties
      • Overview
      • Oil and Gas Royalties: The Complete Guide
      • What Are Mineral Rights? Ownership, Value, Surface Rights, and Key Terms
      • Selling Mineral Rights: A Complete Guide
    • 1031 Exchange
      • Rules & Requirements
      • How To Guides for Different Asset Types
  • Resources Learn More
    • Learn More
      • Frequently Asked Questions
      • Oil & Gas Glossary
      • Industry News
      • Contact Us
    • Guides
      • View All Guides
      • 1031 Exchange
      • Mineral Rights & Royalties
      • How to Find Oil on Your Land: A Practical Guide to Modern Exploration
      • The Ultimate Guide for Oil and Gas Leases
    • News
      • Industry News
      • Company News
      • View All Recent News
  • Contact
  • Free Consultation
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Oil and gas extraction ranks high in US industry pay

Last updated: July 6, 2026 | Reading Time: 2 minutes
Oil and gas extraction employed nearly 114,000 in May 2025 and ranked among the highest-paying U.S. industries.

The U.S. Bureau of Labor Statistics reported that the oil and natural gas extraction industry employed nearly 114,000 workers in May 2025 and had an annual mean wage of $122,890. That placed the industry among the highest-paying sectors in the United States. The category includes activities such as crude petroleum production, oil shale and oil sands extraction, and natural gas production.

The largest occupations in the sector were wellhead pumpers, with 12,190 jobs, and oil and gas service unit operators, with 10,010 jobs. Together, those two roles represented 19.5% of industry employment. Other major job categories included general and operations managers, petroleum engineers, accountants and auditors, industrial machinery mechanics, roustabouts, supervisors, geoscientists, and financial managers.

Most of the largest oil and gas extraction occupations had annual mean wages above the U.S. average of $69,770 across all jobs and industries. General and operations managers earned an average of $227,290, while financial managers averaged $226,430 and geoscientists averaged $198,230. For readers tracking oil and gas royalties and energy markets, the data highlights the scale and compensation levels tied to domestic production activity.

Source: U.S. Bureau of Labor Statistics

Read the full original article here

Ranger Land & Minerals curates weekly insights from across the oil and gas industry to keep our readers informed. To receive news like this directly in your inbox, join our free newsletter. If you’d like to learn more about mineral rights and oil royalty opportunities, contact us to speak with a representative.
DISCLAIMER: The summary above is based on information from third-party sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. It is provided for general informational purposes only and does not constitute investment, financial, tax, legal, or other professional advice, nor a recommendation or solicitation to buy or sell any security, commodity, or investment product. Markets, regulations, and circumstances can change, and the information may not reflect the most current developments. You should conduct your own research and consult a qualified financial advisor, CPA, or other professional before making decisions based on this content. The publisher and its affiliates disclaim any liability for losses or damages arising from reliance on the information provided above.
You might also like
Texas oil and gas production hit new records in 2024, surpassing records that were set in 2023, according to the Texas Railroad Commission. Texas Oil and Gas Industry Continued Hot Streak in 2024
Operators in the Permian Basin continued leading the US both in growth and overall production of oil and gas. 2023 saw $103 billion in Permian Basin oil and gas mergers, report says
Discover the pros and cons of leasing vs. owning oil and gas rights. Make informed decisions aligned with your goals in the lucrative energy sector. Leasing vs. owning oil and gas rights: Which is better?
The US Geological Survey discovered new oil and gas reserves in the Permian Basin — enough to supply the US for 10 months. USGS discovers new oil and gas reserves in the Permian Basin
Occidental Petroleum will buy Permian oil and gas producer CrownRock for cash and stock in a deal valued at around $12B, including debt. Occidental to buy Permian oil producer CrownRock in $12-billion deal
Financing Options Financing Options for Buyers of Mineral Rights
Oil and gas prices have surged as Iran continues to launch strikes across the Middle East in response to ongoing attacks by the US and Israel. Two vessel incidents in the Strait of Hormuz lift oil shipping costs
oil prices climb Oil prices climb as Trump pledges to refill strategic petroleum reserve

Get project updates and learn more

Sign up for our free email newsletter:

 We respect your email privacy

About Ranger

contact usRanger Land and Minerals is a Dallas, Texas-based acquisitions and mineral rights company with team members having close to 100 years of combined oil and gas royalties industry experience.

Contact Us

Our Partners
We work with the top drilling operators, including:
     

Learn More

Our Associations
We are proud members of the following associations:
         

Learn More

  • Paid Up Oil and Gas Lease: What It Means, How It Works, and What to Watch For
  • How to Get Oil Companies to Drill on Your Land
  • Average Price Per Acre for Mineral Rights: What to Expect and How to Estimate Value
  • How Much Money Can You Make From an Oil Well?
  • How to Find Oil on Your Land

View All Guides

  • Oil and gas extraction ranks high in US industry pay
  • U.S. rig count rises as Oklahoma drilling activity grows
  • USGS identifies additional Texas oil and gas resources
  • U.S. Rig Count Rises as Hormuz Transit Resumes
  • Interior moves to update federal oil and gas rules

View All News

Are you interested in buying or selling mineral rights?

Contact us and a representative will be in touch shortly

Contact Us

100 Crescent Court, Suite 700
Dallas, Texas 75201

(469) 310-4970

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

Contact Us

Our team specializes in the acquisition of mineral rights, royalties, overriding royalty and non-operated working interests. Contact us to learn more about how we can assist you.

Contact Us

Our Company & Services

  • About Us
  • Minerals/Royalties
  • 1031 Exchange
  • Contact Us

Resources

  • Guides
  • FAQ
  • Glossary
  • News
© Copyright Ranger Land and Minerals | Privacy Policy | Disclaimer
Link to: U.S. rig count rises as Oklahoma drilling activity grows Link to: U.S. rig count rises as Oklahoma drilling activity grows U.S. rig count rises as Oklahoma drilling activity growsUS oil and gas drilling made a big leap in the past week as the latest Baker Hughes Rig Count showed a gain of 10 rigs to reach a total of 573
Scroll to top