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NAICS Code 533110-03 - Oil Royalties
Marketing Level - NAICS 8-DigitBusiness Lists and Databases Available for Marketing and Research
Total Verified Companies:
45
Contact Emails:
150
Company Websites:
28
Phone Numbers:
38
Business Addresses:
45
Companies with Email:
22
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- Contact Name (where available)
- Job Title (where available)
- Full Business & Mailing Address
- Business Phone Number
- Industry Codes (Primary and Secondary SIC & NAICS Codes)
- Sales Volume
- Employee Count
- Website (where available)
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Looking for more companies? See NAICS 533110 - Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) - 602 companies, 4,407 emails.
NAICS Code 533110-03 Description (8-Digit)
Oil royalties is a subdivision of the NAICS Code 533110 that involves the leasing of nonfinancial intangible assets related to oil production. This industry is comprised of companies that own the rights to oil reserves and lease those rights to oil and gas companies for exploration and production purposes. Oil royalties are a form of passive income for the owners of the rights, as they receive a percentage of the revenue generated from the sale of oil and gas extracted from the reserves.
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 533110 page
Tools
Tools commonly used in the Oil Royalties industry for day-to-day tasks and operations.
- Reservoir simulation software
- Geographical information systems (GIS)
- Well logging tools
- Seismic imaging technology
- Production optimization software
- Drilling equipment
- Well completion tools
- Artificial lift systems
- Pipeline monitoring technology
- Oil and gas accounting software
Industry Examples of Oil Royalties
Common products and services typical of NAICS Code 533110-03, illustrating the main business activities and contributions to the market.
- Offshore oil reserves
- Onshore oil reserves
- Shale oil reserves
- Tar sands oil reserves
- Heavy oil reserves
- Light oil reserves
- Conventional oil reserves
- Unconventional oil reserves
- Tight oil reserves
- Enhanced oil recovery reserves
History
A concise historical narrative of NAICS Code 533110-03 covering global milestones and recent developments within the United States.
- The "Oil Royalties" industry has a long and rich history worldwide. The concept of oil royalties dates back to the early 20th century when the first oil wells were drilled in the United States. The first oil royalty agreement was signed in 1903 between the Texas Company and the landowner, which granted the company the right to extract oil from the land in exchange for a percentage of the profits. Since then, the industry has grown significantly, with the discovery of new oil reserves and the development of new technologies for oil extraction. In recent years, the industry has faced challenges due to the fluctuation of oil prices and the increasing demand for renewable energy sources. In the United States, the "Oil Royalties" industry has a more recent history. The industry started to gain momentum in the 1970s when the country experienced an oil crisis due to the embargo imposed by the Organization of Arab Petroleum Exporting Countries. This led to the development of new oil reserves in the country, which boosted the industry's growth. In the 21st century, the industry has faced challenges due to the increasing demand for renewable energy sources and the environmental concerns associated with oil extraction. Despite these challenges, the industry remains an important contributor to the country's economy.