NAICS Code 541690-24 - Oil Field Consultants

Marketing Level - NAICS 8-Digit

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Looking for more companies? See NAICS 541690 - Other Scientific and Technical Consulting Services - 14,031 companies, 83,549 emails.

NAICS Code 541690-24 Description (8-Digit)

Oil Field Consultants are professionals who provide technical and strategic advice to companies operating in the oil and gas industry. They are responsible for analyzing geological data, assessing the feasibility of drilling sites, and providing recommendations on drilling methods and equipment. Oil Field Consultants also provide guidance on safety and environmental regulations, as well as on the management of oil and gas reserves. They work closely with engineers, geologists, and other professionals to ensure that drilling operations are conducted efficiently and safely.

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 541690 page

Tools

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

  • Seismic data processing software
  • Well log analysis software
  • Drilling simulation software
  • Reservoir modeling software
  • Production optimization software
  • Pressure transient analysis software
  • Well testing equipment
  • Mud logging equipment
  • Directional drilling tools
  • Casing and cementing equipment
  • Well completion equipment
  • Artificial lift systems
  • Hydraulic fracturing equipment
  • Pipeline inspection tools
  • Corrosion monitoring equipment
  • Gas detection equipment
  • Safety equipment
  • Environmental monitoring equipment
  • Project management software

Industry Examples of Oil Field Consultants

Common products and services typical of NAICS Code 541690-24, illustrating the main business activities and contributions to the market.

  • Drilling optimization
  • Well completion design
  • Reservoir engineering
  • Production forecasting
  • Environmental compliance
  • Safety management
  • Pipeline construction
  • Asset management
  • Risk assessment
  • Regulatory compliance

History

A concise historical narrative of NAICS Code 541690-24 covering global milestones and recent developments within the United States.

  • The Oil Field Consultants industry has a long history dating back to the early 20th century when the first oil wells were drilled in the United States. The industry has since grown to become a vital part of the oil and gas sector, providing a range of consulting services to oil and gas companies. Notable advancements in the industry include the development of new technologies such as hydraulic fracturing and horizontal drilling, which have revolutionized the oil and gas industry. In recent years, the industry has faced challenges due to the decline in oil prices, which has led to a decrease in demand for consulting services. In the United States, the Oil Field Consultants industry has a more recent history, with significant growth occurring in the 1970s and 1980s due to the oil crisis. During this time, the industry experienced a surge in demand for consulting services as oil and gas companies sought to increase production and efficiency. In the 1990s, the industry faced challenges due to the decline in oil prices, which led to a decrease in demand for consulting services. However, the industry has since rebounded, with growth driven by the development of new technologies and the increasing demand for oil and gas.