Tools commonly used in the Oil Well Pumping Contractors industry for day-to-day tasks and operations.

• Pump jacks
• Rods and tubing
• Sucker rods
• Polished rods
• Tubing anchors
• Pumping units
• Gas lift systems
• Plunger lift systems
• Electric submersible pumps
• Hydraulic pumps
• Wellhead equipment
• Pressure gauges
• Flow meters
• Chemical injection systems
• Control panels
• Safety equipment
• Hand tools (wrenches, pliers, hammers, etc.)
• Power tools (drills, saws, grinders, etc.)
• Welding equipment

Common products and services typical of NAICS Code 237120-12, illustrating the main business activities and contributions to the market.

• Oil well pumping equipment installation
• Oil well pumping equipment maintenance
• Oil well pumping equipment repair
• Oil well pumping equipment testing
• Oil well pumping equipment inspection
• Oil well pumping equipment rental
• Oil well pumping equipment sales
• Oil well pumping equipment design
• Oil well pumping equipment consulting
• Oil well pumping equipment training

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.
• OSHA 10-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.
• CDL License: This license is required for drivers of commercial vehicles, including those used in the oil and gas industry. It is provided by the Department of Transportation.
• HAZWOPER Certification: This certification is required for workers who handle hazardous waste in the oil and gas industry. It is provided by the Occupational Safety and Health Administration.
• First Aid/cpr Certification: This certification is required for workers in the oil and gas industry to ensure they have the necessary skills to respond to medical emergencies. It is provided by the American Red Cross.

A concise historical narrative of NAICS Code 237120-12 covering global milestones and recent developments within the United States.

• The "Oil Well Pumping Contractors" industry has a long and rich history worldwide. The first oil well was drilled in Pennsylvania in 1859, and since then, the industry has grown exponentially. In the early days, oil wells were pumped by hand, but in the 1920s, electric pumps were introduced, which revolutionized the industry. In the 1950s, hydraulic fracturing was developed, which allowed for the extraction of oil and gas from previously inaccessible sources. In recent years, the industry has faced challenges due to the decline in oil prices, but it has continued to innovate and adapt to changing market conditions. In the United States, the "Oil Well Pumping Contractors" industry has a more recent history. The industry began to take off in the 1970s, as advances in technology made it possible to extract oil and gas from shale formations. The industry experienced rapid growth in the 2000s, as high oil prices and new drilling techniques led to a surge in production. However, the industry has faced challenges in recent years due to the decline in oil prices and increased competition from renewable energy sources. Despite these challenges, the industry remains an important part of the US economy, providing jobs and energy security for the nation.

The anticipated future trajectory of the NAICS 237120-12 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Oil Well Pumping Contractors industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for oil and gas. The rise in oil prices and the growing demand for energy are expected to drive the growth of the industry. Additionally, the increasing use of hydraulic fracturing and horizontal drilling techniques is expected to increase the demand for oil well pumping services. However, the industry may face challenges due to the increasing focus on renewable energy sources and the growing concerns about the environmental impact of oil and gas production. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Oil Well Pumping Contractors industry, reflecting notable innovations that have reshaped its landscape.

• Use Of Drones for Monitoring and Inspection Of Oil Wells: Drones are being used to monitor and inspect oil wells, which helps in identifying potential issues and reducing the risk of accidents.
• Use Of Big Data Analytics for Optimizing Oil Well Production: Big data analytics is being used to analyze data from oil wells, which helps in optimizing production and reducing costs.
• Development Of New Drilling Technologies: New drilling technologies are being developed, which help in increasing the efficiency of oil well pumping and reducing the environmental impact of oil and gas production.
• Use Of Automation and Robotics for Oil Well Pumping: Automation and robotics are being used to automate oil well pumping, which helps in reducing costs and improving safety.
• Increasing Use Of Renewable Energy Sources: Some oil well pumping contractors are diversifying into renewable energy sources, such as wind and solar power, to reduce their dependence on oil and gas.