NAICS Code 423830-58 - Oil Well Equipment & Supplies (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423830-58 Description (8-Digit)

The Oil Well Equipment & Supplies (Wholesale) industry involves the distribution of machinery, equipment, and supplies used in the exploration, drilling, and production of oil and gas. This industry is responsible for providing the necessary tools and equipment to oil and gas companies to ensure the efficient and safe extraction of oil and gas from the earth. The industry is highly specialized and requires a deep understanding of the oil and gas industry, as well as the technical knowledge of the equipment and machinery used in the process.

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 Well Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.

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

Industry Examples of Oil Well Equipment & Supplies (Wholesale)

Common products and services typical of NAICS Code 423830-58, illustrating the main business activities and contributions to the market.

  • Oil Rig Equipment
  • Oilfield Supplies
  • Drilling Equipment
  • Well Servicing Equipment
  • Oilfield Tools
  • Fracturing Equipment
  • Production Equipment
  • Completion Equipment
  • Artificial Lift Equipment
  • Wellhead Equipment

History

A concise historical narrative of NAICS Code 423830-58 covering global milestones and recent developments within the United States.

  • The "Oil Well Equipment & Supplies (Wholesale)" industry has a long history dating back to the early 19th century when the first oil well was drilled in Pennsylvania. The industry has since grown to become a vital part of the global economy, providing essential equipment and supplies to oil and gas companies worldwide. Notable advancements in the industry include the development of new drilling technologies, such as hydraulic fracturing, which has revolutionized the industry by allowing for the extraction of oil and gas from previously inaccessible reserves. In recent history, the industry has faced challenges due to fluctuations in oil prices, which have led to a decrease in demand for oil well equipment and supplies. However, the industry has remained resilient and has adapted to changing market conditions by diversifying its product offerings and expanding into new markets. In the United States, the "Oil Well Equipment & Supplies (Wholesale)" industry has a rich history dating back to the early 20th century when the first oil boom occurred in Texas. The industry has since grown to become a major contributor to the US economy, providing essential equipment and supplies to oil and gas companies across the country. Notable advancements in the industry include the development of new drilling technologies, such as horizontal drilling and hydraulic fracturing, which have allowed for the extraction of oil and gas from previously inaccessible reserves. In recent history, the industry has faced challenges due to fluctuations in oil prices, which have led to a decrease in demand for oil well equipment and supplies. However, the industry has remained resilient and has adapted to changing market conditions by diversifying its product offerings and expanding into new markets.