Oil and gas extraction industry: Capital and operating expenditures, 2014
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Capital expenditures in the oil and gas extraction industry increased for the fourth consecutive year, rising 9.8% from 2013 to $80.7 billion in 2014. Operating expenditures were up 5.4% to $62.0 billion.
Expenditures in conventional and non-conventional extraction
Capital expenditures by the conventional oil and gas extraction sector increased 9.6% from 2013 to $46.9 billion in 2014. Non-conventional sector capital expenditures rose 9.9% to $33.9 billion.
Operating expenditures for the conventional sector increased 5.0% to $31.9 billion. Operating expenditures for the non-conventional sector rose 5.8% to $30.1 billion.
Note to readers
Data are subject to revision.
Data for 2010 to 2013 have been revised.
The oil and gas extraction industry includes establishments primarily engaged in operating oil and gas field properties. This includes the production and extraction of oil from oil shale and oil sands.
Conventional extraction includes establishments primarily engaged in the production of petroleum or natural gas from wells in which the hydrocarbons will initially flow or can be produced using normal pumping techniques.
Non-conventional oil extraction includes establishments primarily engaged in producing crude oil from surface shales, oil sands or from reservoirs in which the hydrocarbons are semisolids and conventional production methods are not possible.
Additional information on the oil and natural gas extraction industry is available in the Daily release "Oil and gas extraction industry: Volume and value of marketable production, 2014" published on September 18, 2015.
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