NAICS Code 531190-05 - Oil Properties

Marketing Level - NAICS 8-Digit

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Total Verified Companies: 30
Contact Emails: 22
Company Websites: 9
Phone Numbers: 30
Business Addresses: 30
Companies with Email: 18
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NAICS CODE 531190-05
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Looking for more companies? See NAICS 531190 - Lessors of Other Real Estate Property - 5,835 companies, 5,713 emails.

NAICS Code 531190-05 Description (8-Digit)

The Oil Properties industry involves the leasing or rental of land and associated structures for the purpose of oil and gas exploration and production. This industry is a subdivision of the NAICS Code 531190, which covers the leasing of other real estate properties. Oil Properties lessors provide access to land and infrastructure necessary for oil and gas companies to extract and produce oil and gas resources.

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 531190 page

Tools

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

  • Seismic imaging equipment
  • Drilling rigs
  • Wellhead equipment
  • Casing and tubing
  • Pumps and compressors
  • Production separators
  • Flow meters
  • Pressure gauges
  • Chemical injection systems
  • Artificial lift systems

Industry Examples of Oil Properties

Common products and services typical of NAICS Code 531190-05, illustrating the main business activities and contributions to the market.

  • Oil and gas fields
  • Oil and gas wells
  • Oil and gas pipelines
  • Oil and gas storage facilities
  • Oil and gas processing plants
  • Oil and gas refineries
  • Oil and gas exploration sites
  • Oil and gas production sites
  • Oil and gas transportation infrastructure
  • Oil and gas gathering systems

History

A concise historical narrative of NAICS Code 531190-05 covering global milestones and recent developments within the United States.

  • The "Oil Properties" industry has a long and rich history worldwide. The first recorded oil well was drilled in China in the 4th century, and the first commercial oil well was drilled in Pennsylvania, USA, in 1859. The industry grew rapidly in the early 20th century, with the discovery of large oil reserves in the Middle East and the development of new technologies for drilling and refining oil. In recent years, the industry has faced challenges such as declining oil prices, increased competition from alternative energy sources, and environmental concerns. In the United States, the "Oil Properties" industry has a more recent history. The industry experienced a boom in the early 20th century, with the discovery of large oil reserves in Texas, California, and other states. The industry played a crucial role in the growth of the US economy, providing jobs and fuel for transportation and industry. In the late 20th century, the industry faced challenges such as declining oil reserves, increased regulation, and environmental concerns. Despite these challenges, the industry remains an important part of the US economy, providing jobs and energy for millions of people.