Tools commonly used in the Oil Extraction-Downhole industry for day-to-day tasks and operations.

• Drill Bits
• Casing
• Tubing
• Packers
• Perforating Guns
• Artificial Lift Systems
• Wellhead Equipment
• Fishing Tools
• Cementing Equipment
• Logging Tools
• Fracturing Equipment
• Coiled Tubing Units
• Wireline Units
• Mud Pumps
• Blowout Preventers
• Pressure Control Equipment
• Directional Drilling Tools
• Measurement While Drilling (MWD) Tools
• Logging While Drilling (LWD) Tools
• Drill Pipe

Common products and services typical of NAICS Code 238910-22, illustrating the main business activities and contributions to the market.

• Oil Well Drilling
• Oil Well Completion
• Oil Well Cementing
• Oil Well Logging
• Oil Well Perforating
• Oil Well Testing
• Oil Well Stimulation
• Oil Well Pumping
• Oil Well Plugging
• Oil Well Abandonment
• Oil Well Workover
• Oil Well Servicing
• Oil Well Directional Drilling
• Oil Well Fishing
• Oil Well Coiled Tubing Services
• Oil Well Wireline Services
• Oil Well Fracturing Services
• Oil Well Acidizing Services
• Oil Well Nitrogen Services
• Oil Well Water Injection Services
• Oil Well Gas Lift Services

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

• API Q1 Certification: This certification is required for companies that provide services to the oil and gas industry. It ensures that the company has a quality management system in place that meets API standards. The certification is provided by the American Petroleum Institute (API).
• OSHA 30-Hour General Industry Certification: This certification is required for workers in the oil and gas industry to ensure they have the necessary knowledge and skills to work safely. The certification is provided by the Occupational Safety and Health Administration (OSHA).
• HAZWOPER Certification: This certification is required for workers who are exposed to hazardous waste and materials. It ensures that workers have the necessary knowledge and skills to work safely with hazardous materials. The certification is provided by OSHA.
• IADC Wellsharp Certification: This certification is required for workers in the oil and gas industry who are involved in well control operations. It ensures that workers have the necessary knowledge and skills to prevent and control well control incidents. The certification is provided by the International Association of Drilling Contractors (IADC).
• NCCER Certification: This certification is required for workers in the oil and gas industry who are involved in construction and maintenance activities. It ensures that workers have the necessary knowledge and skills to perform their job safely and effectively. The certification is provided by the National Center for Construction Education and Research (NCCER).

A concise historical narrative of NAICS Code 238910-22 covering global milestones and recent developments within the United States.

• The "Oil Extraction-Downhole" industry has a long and rich history worldwide. The first recorded oil well was drilled in China in the 4th century, and the first modern oil well was drilled in Pennsylvania in 1859. The industry has since grown exponentially, with advancements in technology and drilling techniques leading to increased efficiency and production. Notable milestones include the discovery of the Spindletop oil field in Texas in 1901, which marked the beginning of the modern oil industry, and the development of hydraulic fracturing, or fracking, in the 1940s, which revolutionized the industry by allowing for the extraction of previously inaccessible oil reserves. In recent history, the industry has faced challenges such as the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, which highlighted the need for increased safety measures and environmental regulations. In the United States, the "Oil Extraction-Downhole" industry has a more recent history, with significant growth occurring in the mid-20th century. The discovery of the Prudhoe Bay oil field in Alaska in 1968 marked a turning point for the industry, as it was the largest oil field ever discovered in North America. The industry continued to grow throughout the 1970s and 1980s, with advancements in technology leading to increased production and efficiency. However, the industry also faced challenges during this time, such as the 1973 oil crisis and the 1980s oil glut, which led to decreased demand and lower prices. In recent years, the industry has faced increased scrutiny and regulation due to concerns about environmental impact and climate change.

The anticipated future trajectory of the NAICS 238910-22 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 Extraction-Downhole industry in the USA is positive due to the increasing demand for oil and gas. The industry is expected to grow as the demand for energy continues to rise. The industry is also expected to benefit from technological advancements that will make oil extraction more efficient and cost-effective. However, the industry may face challenges due to environmental concerns and regulations. The industry will need to adapt to these challenges by investing in new technologies and practices that reduce the environmental impact of oil extraction. Overall, the industry is expected to grow steadily in the coming years.

Recent groundbreaking advancements and milestones in the Oil Extraction-Downhole industry, reflecting notable innovations that have reshaped its landscape.

• Advanced Drilling Techniques: The industry has developed new drilling techniques that allow for more efficient and cost-effective oil extraction. These techniques include horizontal drilling and hydraulic fracturing.
• Digital Oilfield Technology: The industry has adopted digital oilfield technology that uses sensors and data analytics to optimize oil extraction and reduce costs.
• Improved Well Completion Techniques: The industry has developed new well completion techniques that improve the efficiency of oil extraction and reduce the environmental impact of drilling.
• Enhanced Oil Recovery Techniques: The industry has developed new techniques for enhanced oil recovery that allow for the extraction of more oil from existing wells.
• Automation: The industry has adopted automation technology that reduces the need for human labor and improves safety in oil extraction operations.