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

• Seismic imaging equipment
• Drilling rigs
• Mud pumps
• Drill bits
• Casing and tubing
• Blowout preventers
• Wellhead equipment
• Production tubing
• Artificial lift systems
• Hydraulic fracturing equipment
• Coiled tubing units
• Wireline units
• Cementing equipment
• Logging tools
• Directional drilling tools
• Measurement while drilling (MWD) tools
• Logging while drilling (LWD) tools
• Perforating guns
• Completion tools
• Well testing equipment

Common products and services typical of NAICS Code 213112-03, illustrating the main business activities and contributions to the market.

• Offshore drilling
• Onshore drilling
• Hydraulic fracturing
• Oil sands extraction
• Shale gas extraction
• Coal bed methane extraction
• Oil and gas exploration
• Oil and gas development
• Oil and gas production
• Oil and gas transportation

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

• API Spec Q1: This certification is required for companies that provide quality management systems for the oil and gas industry. It is provided by the American Petroleum Institute (API).
• OSHA 30-Hour General Industry Training: This certification is required for workers in the oil and gas industry to ensure they have the necessary knowledge and skills to work safely. It is provided by the Occupational Safety and Health Administration (OSHA).
• IADC Wellsharp: This certification is required for individuals who are involved in drilling operations in the oil and gas industry. It is provided by the International Association of Drilling Contractors (IADC).
• HAZWOPER: This certification is required for workers who are involved in hazardous waste operations in the oil and gas industry. It is provided by OSHA.
• DOT Hazardous Materials Transportation: This certification is required for workers who transport hazardous materials in the oil and gas industry. It is provided by the Department of Transportation (DOT).

A concise historical narrative of NAICS Code 213112-03 covering global milestones and recent developments within the United States.

• The "Oil & Gas Exploration & Development" industry has a long and rich history worldwide. The first 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 significant growth due to the increasing demand for oil and gas. The industry also played a crucial role in both World Wars, providing fuel for military vehicles and aircraft. In the 1970s, the industry faced a 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 faced challenges due to the increasing focus on renewable energy sources and the declining demand for fossil fuels. In the United States, the "Oil & Gas Exploration & Development" industry has a rich history as well. The first commercial oil well was drilled in Titusville, Pennsylvania, in 1859, which marked the beginning of the modern oil industry in the US. The industry experienced significant growth in the early 20th century, with the discovery of large oil fields in Texas, Oklahoma, and California. The industry played a crucial role in the US economy during World War II, providing fuel for military vehicles and aircraft. In recent years, the industry has faced challenges due to the increasing focus on renewable energy sources and the declining demand for fossil fuels.

The anticipated future trajectory of the NAICS 213112-03 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 Oil & Gas Exploration & Development industry in the USA is positive, with an expected increase in demand for oil and gas in the coming years. The industry is expected to benefit from the growing global population and the increasing demand for energy. The industry is also expected to benefit from the development of new technologies that make it easier and more cost-effective to extract oil and gas from the ground. However, the industry is also facing challenges such as increasing competition from renewable energy sources and the need to address environmental concerns. Overall, the industry is expected to continue to grow in the coming years, but it will need to adapt to changing market conditions and regulatory requirements to remain competitive.

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

• Advanced Seismic Imaging: Advanced seismic imaging technology is being used to improve the accuracy of oil and gas exploration. This technology uses sound waves to create detailed images of the subsurface, allowing companies to identify potential oil and gas reserves more accurately.
• 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 water, sand, and chemicals into the rock to create fractures, which allows the oil and gas to flow more freely.
• Horizontal Drilling: Horizontal drilling is a technique used to extract oil and gas from shale rock formations. This technique involves drilling a well vertically and then turning it horizontally to follow the rock formation. This allows companies to access more of the oil and gas reserves.
• Deepwater Drilling: Deepwater drilling is a technique used to extract oil and gas from deep beneath the ocean floor. This technique involves drilling wells in water depths of up to 10,000 feet or more.
• Enhanced Oil Recovery: Enhanced oil recovery techniques are being used to extract more oil from existing wells. These techniques involve injecting steam, chemicals, or other substances into the well to increase the flow of oil.