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Oil Drilling & Gas Extraction in New Brunswick

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NB21111CA

Oil Drilling & Gas Extraction in New Brunswick industry analysis

Revenue for the Oil Drilling & Gas Extraction industry in New Brunswick is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has increased an annualized x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to decline -x.x% to x locations over the next five years. Industry employment is expected to increase an annualized x.x% to xx workers during the outlook period, while industry wages likely increase % to $x.x million.

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About the Oil Drilling & Gas Extraction in New Brunswick Market Research Report

What’s Included in the Oil Drilling & Gas Extraction in New Brunswick Market Research Report

Definition of the Oil Drilling & Gas Extraction in New Brunswick?

Companies in the Canadian Oil Drilling and Gas Extraction industry operate and develop oil and gas field properties. Activities include exploring and producing crude petroleum, mining and extracting oil from oil shale and oil sands, exploring and producing natural gas, recovering sulphur from natural gas and recovering hydrocarbon liquids. Companies may operate oil and gas wells on their own account or for others on a contract or fee basis.

What’s included in the Oil Drilling & Gas Extraction in New Brunswick?

The Oil Drilling & Gas Extraction in New Brunswick includes oil extraction, natural gas extraction and exploration of crude oil and natural gas. Related terms covered in the Oil Drilling & Gas Extraction in New Brunswick industry report includes a deposit containing a mix of clay, sand and water that is saturated with dense and viscous petroleum, gases that consist primarily of methane but also include small amounts of heavier hydrocarbons such as propane and butane and structures located in the ocean that are designed to extract oil or gas from underneath the seabed.

Industry Performance of the Oil Drilling & Gas Extraction industry in New Brunswick

Benchmark the Oil Drilling & Gas Extraction in New Brunswick industry performance with all NB Census Metropolitan Area and national performance.

Oil Drilling & Gas Extraction in New Brunswick

#9 in Highest Revenue 0.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Oil Drilling & Gas Extraction in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Oil Drilling & Gas Extraction industry in New Brunswick

See how key industry drivers, such as median houshold income, private investment in non-residential construction, gross domestic product, world price of crude oil, world price of natural gas and us gross domestic product (gdp) are impacting Oil Drilling & Gas Extraction in New Brunswick

New Brunswick Economic Indicators

Median Houshold Income
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NB State Economic profile

Canada Key External Drivers

World price of crude oil
World price of natural gas
US Gross domestic product (GDP)

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Oil Drilling & Gas Extraction industry in New Brunswick

Access proprietary data on Census Metropolitan Area in the Oil Drilling & Gas Extraction in New Brunswick, such as Saint John. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Oil Drilling & Gas Extraction industry in New Brunswick

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Oil Drilling & Gas Extraction industry in New Brunswick in 2025?

The market size of the Oil Drilling & Gas Extraction industry in New Brunswick is $206.3m in 2025.

How many businesses are there in the Oil Drilling & Gas Extraction industry in New Brunswick in 2025?

There are 5 businesses in the Oil Drilling & Gas Extraction industry in New Brunswick, which has been growing at an average annual rate of 4.6% from 2020 to 2025.

Has the Oil Drilling & Gas Extraction industry in New Brunswick grown or declined over the past 5 years?

The market size of the Oil Drilling & Gas Extraction industry in New Brunswick has been growing at an average annual rate of 15.4% from 2020 to 2025.

How many employees in the Oil Drilling & Gas Extraction industry in New Brunswick in 2025?

There are 71 employees in the Oil Drilling & Gas Extraction industry in New Brunswick, which has been growing at an average annual rate of 7.7% from 2020 to 2025.