NAICS Code 423830-55 - Oil Field Equipment (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423830-55 Description (8-Digit)

Oil Field Equipment (Wholesale) is a subdivision of the Industrial Machinery and Equipment Merchant Wholesalers industry. This industry involves the wholesale distribution of equipment and machinery used in the exploration, drilling, and production of oil and gas. Companies in this industry supply a range of products, including drilling rigs, pumps, valves, pipes, and other equipment used in the oil and gas industry.

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 423830 page

Tools

Tools commonly used in the Oil Field Equipment (Wholesale) industry for day-to-day tasks and operations.

  • Drill bits
  • Casing
  • Tubing
  • Pumps
  • Valves
  • Compressors
  • Generators
  • Blowout preventers
  • Wellhead equipment
  • Mud pumps
  • Cementing equipment
  • Fracturing equipment
  • Coiled tubing units
  • Wireline units
  • Hydraulic power units
  • Pressure control equipment
  • Downhole tools
  • Fishing tools
  • Completion tools
  • Artificial lift systems

Industry Examples of Oil Field Equipment (Wholesale)

Common products and services typical of NAICS Code 423830-55, illustrating the main business activities and contributions to the market.

  • Drilling rigs
  • Oil pumps
  • Wellhead equipment
  • Mud pumps
  • Cementing equipment
  • Fracturing equipment
  • Coiled tubing units
  • Wireline units
  • Pressure control equipment
  • Artificial lift systems

History

A concise historical narrative of NAICS Code 423830-55 covering global milestones and recent developments within the United States.

  • The "Oil Field Equipment (Wholesale)" industry has a long history of providing essential equipment and services to the oil and gas industry. The industry has its roots in the late 19th century when the first oil wells were drilled in the United States. As the industry grew, so did the demand for specialized equipment and services. In the early 20th century, the industry saw the development of new technologies such as rotary drilling, which led to the need for new types of equipment. The industry continued to grow throughout the 20th century, with the development of new technologies such as hydraulic fracturing and horizontal drilling. In recent years, the industry has faced challenges due to the decline in oil prices, but it has remained resilient and continues to provide essential equipment and services to the oil and gas industry. In the United States, the "Oil Field Equipment (Wholesale)" industry has a rich history that dates back to the early 20th century. The industry played a critical role in the development of the oil and gas industry in the United States, providing essential equipment and services to support drilling and production operations. In the mid-20th century, the industry saw significant growth as the demand for oil and gas increased. The industry continued to evolve throughout the latter half of the 20th century, with the development of new technologies such as hydraulic fracturing and horizontal drilling. In recent years, the industry has faced challenges due to the decline in oil prices, but it has remained resilient and continues to provide essential equipment and services to the oil and gas industry.