NAICS Code 211120-06 - Oil Crude

Marketing Level - NAICS 8-Digit

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NAICS CODE 211120-06
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NAICS Code 211120-06 Description (8-Digit)

The Oil Crude industry is a subdivision of the Crude Petroleum Extraction industry, which involves the exploration, extraction, and production of crude oil. The Oil Crude industry specifically focuses on the extraction of crude oil from underground reservoirs and wells. This industry plays a crucial role in the global energy sector, as crude oil is a primary source of fuel for transportation, heating, and electricity generation.

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 Crude industry for day-to-day tasks and operations.

  • Drilling rigs
  • Mud pumps
  • Blowout preventers
  • Casing and tubing
  • Wellhead equipment
  • Artificial lift systems
  • Hydraulic fracturing equipment
  • Oilfield trucks and trailers
  • Oilfield cranes
  • Oilfield generators

Industry Examples of Oil Crude

Common products and services typical of NAICS Code 211120-06, illustrating the main business activities and contributions to the market.

  • Offshore drilling
  • Onshore drilling
  • Oil sands extraction
  • Oil shale extraction
  • Enhanced oil recovery
  • Oilfield services
  • Oilfield equipment manufacturing
  • Oilfield transportation
  • Oilfield waste management
  • Oilfield consulting

History

A concise historical narrative of NAICS Code 211120-06 covering global milestones and recent developments within the United States.

  • The "Oil Crude" industry has a long and rich history dating back to ancient times when it was used for medicinal purposes and as a source of light. However, it was not until the 19th century that the industry began to take shape with the discovery of oil in Pennsylvania, USA. This led to the development of drilling techniques and the establishment of oil companies, which helped to fuel the industrial revolution. In the 20th century, the industry continued to grow with the discovery of new oil fields around the world, the development of new technologies, and the rise of OPEC as a major player in the global oil market. In recent years, the industry has faced challenges such as declining oil prices, increased competition from alternative energy sources, and concerns over environmental impact. In the United States, the "Oil Crude" industry has played a significant role in the country's economy and history. The first commercial oil well was drilled in Pennsylvania in 1859, and the industry quickly spread to other parts of the country. The discovery of oil in Texas in the early 20th century helped to establish the state as a major oil producer, and the industry played a crucial role in the country's victory in World War II. In the post-war period, the industry continued to grow, with the development of offshore drilling and the establishment of major oil companies such as ExxonMobil and Chevron. However, the industry has also faced challenges such as the 1970s oil crisis, environmental concerns, and the rise of renewable energy sources. Despite these challenges, the "Oil Crude" industry remains an important part of the US economy and energy landscape.