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

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

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Well Control Certification: This certification is required for personnel involved in well control operations and is provided by organizations such as the International Association of Drilling Contractors (IADC). It ensures that personnel have the necessary knowledge and skills to prevent and control well blowouts.
• Hazardous Materials (HAZMAT) Certification: This certification is required for personnel involved in handling hazardous materials and is provided by organizations such as the Occupational Safety and Health Administration (OSHA). It ensures that personnel have the necessary knowledge and skills to handle hazardous materials safely.
• Commercial Driver's License (CDL): This license is required for personnel involved in driving commercial vehicles and is provided by the Department of Transportation (DOT). It ensures that personnel have the necessary knowledge and skills to operate commercial vehicles safely.
• Petroleum Engineering License: This license is required for petroleum engineers and is provided by state licensing boards. It ensures that petroleum engineers have the necessary knowledge and skills to design and oversee drilling operations.
• Occupational Safety and Health Administration (OSHA) 30-Hour Training: This training is required for personnel involved in the oil and gas industry and is provided by OSHA. It ensures that personnel have the necessary knowledge and skills to identify and prevent workplace hazards.

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.

The anticipated future trajectory of the NAICS 213111-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Shrinking

  The future outlook for the Drilling-Oil & Gas Wells industry in the USA is positive due to the increasing demand for oil and gas. The industry is expected to grow as the global economy recovers from the COVID-19 pandemic and demand for oil and gas increases. However, the industry is also facing challenges such as increasing environmental regulations and the shift towards renewable energy sources. To remain competitive, companies in the industry are investing in new technologies and innovations to improve efficiency and reduce costs. Overall, the industry is expected to continue to grow in the coming years, but will also face challenges as it adapts to changing market conditions and regulations.

Recent groundbreaking advancements and milestones in the Drilling-Oil & Gas Wells industry, reflecting notable innovations that have reshaped its landscape.

• Automated Drilling Systems: Automated drilling systems are being developed to improve efficiency and reduce costs in the drilling process. These systems use advanced sensors and algorithms to optimize drilling operations and reduce the need for human intervention.
• Directional Drilling: Directional drilling techniques are being used to access oil and gas reserves that were previously inaccessible. This technique involves drilling at an angle to reach reserves that are located beneath obstacles such as mountains or bodies of water.
• Hydraulic Fracturing: Hydraulic fracturing, also known as fracking, is a technique used to extract oil and gas from shale rock formations. This technique involves injecting a mixture of water, sand, and chemicals into the rock to release the oil and gas.
• Offshore Drilling: Offshore drilling is being used to access oil and gas reserves located beneath the ocean floor. This technique involves drilling wells from offshore platforms or drilling ships.
• Seismic Imaging: Seismic imaging is being used to locate oil and gas reserves beneath the earth's surface. This technique involves sending sound waves into the ground and measuring the reflections to create a detailed map of the subsurface geology.