NAICS Code 211120-02 - Oil & Gas Producers

Marketing Level - NAICS 8-Digit

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NAICS CODE 211120-02
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NAICS Code 211120-02 Description (8-Digit)

Oil & Gas Producers are companies that extract and produce crude oil and natural gas from underground reserves. This industry involves exploration, drilling, and extraction of oil and gas from the earth's surface. Oil & Gas Producers are responsible for the production of crude oil and natural gas, which are used as primary sources of energy for various industries.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 211120 page

Tools

Tools commonly used in the Oil & Gas Producers industry for day-to-day tasks and operations.

  • Drilling rigs
  • Mud pumps
  • Blowout preventers
  • Wellhead equipment
  • Casing and tubing
  • Drill bits
  • Logging tools
  • Cementing equipment
  • Fracturing equipment
  • Production equipment

Industry Examples of Oil & Gas Producers

Common products and services typical of NAICS Code 211120-02, illustrating the main business activities and contributions to the market.

  • Offshore drilling
  • Oil sands extraction
  • Shale gas extraction
  • Oil and gas exploration
  • Oil and gas production
  • Oil and gas transportation
  • Oil and gas refining
  • Oil and gas storage
  • Oil and gas marketing
  • Oil and gas distribution

History

A concise historical narrative of NAICS Code 211120-02 covering global milestones and recent developments within the United States.

  • The "Oil & Gas Producers" industry has a long and rich history worldwide. The first commercial oil well was drilled in Pennsylvania, USA in 1859, which marked the beginning of the modern oil industry. In the early 20th century, the industry experienced a significant boom due to the increasing demand for oil and gas. The industry played a crucial role in both World Wars, providing fuel for military vehicles and aircraft. In the 1970s, the industry faced a major crisis due to the oil embargo imposed by the Organization of the Petroleum Exporting Countries (OPEC), which led to a significant increase in oil prices. In recent years, the industry has been focusing on developing new technologies to improve efficiency and reduce environmental impact. In the United States, the "Oil & Gas Producers" industry has a more recent history. The industry experienced a significant boom in the early 2000s due to the development of hydraulic fracturing (fracking) technology, which allowed for the extraction of oil and gas from previously inaccessible shale formations. This led to a surge in production and made the United States one of the largest oil and gas producers in the world. However, the industry also faced significant challenges, including environmental concerns and fluctuations in oil prices. In recent years, the industry has been focusing on improving efficiency and reducing costs to remain competitive in the global market.