NAICS Code 213111-03 - Drilling-Oil & Gas Wells

Marketing Level - NAICS 8-Digit

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NAICS Code 213111-03 Description (8-Digit)

The Drilling-Oil & Gas Wells industry involves the exploration and extraction of crude oil and natural gas from underground reservoirs. This industry is a crucial part of the energy sector and plays a significant role in meeting the world's energy demands. The drilling process involves the use of specialized equipment and techniques to extract oil and gas from the earth's surface. The industry is highly regulated and requires compliance with strict safety and environmental standards.

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 213111 page

Tools

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

  • Drill Bits
  • Mud Motors
  • Casing
  • Drill Collars
  • Downhole Motors
  • Fishing Tools
  • Cementing Equipment
  • Logging Tools
  • Perforating Guns
  • Rotary Tables
  • Blowout Preventers
  • Wellhead Equipment
  • Drill Pipe
  • Stabilizers
  • Reamers
  • MWD/LWD Tools
  • Whipstocks
  • Packers
  • Liner Hangers

Industry Examples of Drilling-Oil & Gas Wells

Common products and services typical of NAICS Code 213111-03, illustrating the main business activities and contributions to the market.

  • Offshore Drilling
  • Onshore Drilling
  • Shale Gas Drilling
  • Tight Gas Drilling
  • Coalbed Methane Drilling
  • Oil Sands Drilling
  • Horizontal Drilling
  • Vertical Drilling
  • Directional Drilling
  • Hydraulic Fracturing

History

A concise historical narrative of NAICS Code 213111-03 covering global milestones and recent developments within the United States.

  • The "Drilling-Oil & Gas Wells" industry has a long and rich history dating back to the mid-19th century. The first oil well was drilled in Pennsylvania in 1859, which marked the beginning of the modern oil industry. In the early 20th century, the industry experienced significant growth due to the increasing demand for oil and gas. The development of new drilling technologies, such as rotary drilling, made it possible to drill deeper and more efficiently. In the 1970s, the industry faced a major crisis due to the oil embargo imposed by OPEC, which led to a significant increase in oil prices. In recent years, the industry has faced new challenges due to the increasing focus on renewable energy sources and the declining demand for fossil fuels. In the United States, the "Drilling-Oil & Gas Wells" industry has a more recent history. The industry experienced significant growth in the early 2000s due to the shale revolution, which made it possible to extract oil and gas from previously inaccessible shale formations. The development of hydraulic fracturing and horizontal drilling technologies made it possible to extract oil and gas from shale formations, which led to a significant increase in production. However, the industry faced new challenges in recent years due to the declining oil prices and the increasing focus on renewable energy sources. Despite these challenges, the industry remains an important part of the US economy and is expected to continue to play a significant role in the energy sector in the coming years.