NAICS Code 324110-05 - Oil Recovery-Enhanced (Manufacturing)

Marketing Level - NAICS 8-Digit

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NAICS CODE 324110-05
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NAICS Code 324110-05 Description (8-Digit)

Oil Recovery-Enhanced (Manufacturing) is a subdivision of the Petroleum Refineries (Manufacturing) industry that involves the extraction of additional oil from reservoirs that have already been tapped. This process is also known as enhanced oil recovery (EOR) and is used to increase the amount of oil that can be extracted from a well beyond the primary and secondary recovery stages. Oil Recovery-Enhanced (Manufacturing) companies use various techniques to recover additional oil, such as injecting gases or chemicals into the well to reduce the viscosity of the oil and increase its flow rate. This industry is crucial for maintaining the supply of oil and gas to meet the growing demand for energy.

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 324110 page

Tools

Tools commonly used in the Oil Recovery-Enhanced (Manufacturing) industry for day-to-day tasks and operations.

  • Gas injection systems
  • Chemical injection systems
  • Steam generators
  • Water treatment systems
  • Downhole pumps
  • Wellhead control systems
  • Reservoir simulation software
  • Pressure vessels
  • Heat exchangers
  • Separators

Industry Examples of Oil Recovery-Enhanced (Manufacturing)

Common products and services typical of NAICS Code 324110-05, illustrating the main business activities and contributions to the market.

  • Gas injection EOR
  • Chemical flooding EOR
  • Thermal EOR
  • Microbial EOR
  • CO2 EOR
  • Polymer flooding EOR
  • Alkaline flooding EOR
  • Surfactant flooding EOR
  • Steam flooding EOR
  • In-situ combustion EOR

History

A concise historical narrative of NAICS Code 324110-05 covering global milestones and recent developments within the United States.

  • The "Oil Recovery-Enhanced (Manufacturing)" industry has a long history dating back to the early 1900s when the first commercial oil recovery process was developed. The industry has since undergone significant advancements, including the introduction of enhanced oil recovery techniques such as thermal recovery, gas injection, and chemical flooding. These techniques have enabled the industry to extract more oil from existing wells, increasing production and reducing the need for new wells. In recent years, the industry has also seen the development of new technologies such as nanotechnology and robotics, which have further improved the efficiency and effectiveness of oil recovery processes. In the United States, the industry has been shaped by various factors such as government policies, technological advancements, and market demand. For example, the 1970s oil crisis led to increased investment in oil recovery technologies, while the recent shale oil boom has driven demand for enhanced oil recovery techniques to extract oil from unconventional sources.