SIC 1389 - Oil And Gas Field Services, Not Elsewhere Classified
Establishments primarily engaged in performing oil and gas field services, not elsewhere classified, for others on a contract or fee basis. Services included are excavating slush pits and cellars; gradings and building of foundations at well locations; well surveying; running, cutting, and pulling casings tubes, and rods; cementing wells; shooting wells; perforating well casings; acidizing and chemically treating wells; and cleaning out, bailing, and swabbing wells. Establishments which have complete responsibility for operating oil and gas wells for others on a contract or fee basis are classified according to the product extracted rather than as oil and gas field services. Establishments primarily engaged in hauling oil and gas field supplies and equipment are classified in Division E, Transportation and Public Utilities. Establishments primarily engaged in oil and gas field machine shop work are classified in Manufacturing, Industry 3599.
Industry trends:
The Oil and Gas Field Services industry, classified under NAICS 1389, is experiencing substantial transformation driven by several key trends. Companies are increasingly focusing on digitalization and automation to enhance operational efficiency and safety. Innovations such as AI, machine learning, and advanced data analytics are being integrated to optimize exploration and production processes, resulting in reduced downtime and improved resource management.
Environmental sustainability is another significant trend. Stakeholders are prioritizing green technologies and practices to minimize environmental impact. This includes the adoption of cleaner extraction processes, investment in renewable energy sources, and the implementation of comprehensive environmental compliance programs.
Economic factors and regulatory changes are influencing the industry as well. Fluctuating oil prices and geopolitical dynamics compel companies to remain adaptable. Regulations aimed at reducing carbon emissions are also prompting industry players to invest in cleaner technologies and more sustainable practices.
Looking ahead, the industry is likely to see continued advancements in technology and increasing emphasis on sustainability. Companies that invest in innovation and embrace these trends are expected to maintain a competitive edge. Additionally, there is an anticipated shift towards more collaborative partnerships within the industry to share resources, knowledge, and technologies, further driving efficiency and sustainability.
This industry is comprised of:
Acidizing wells on a contract basis
Bailing wells on a contract basis
Building oil and gas well foundations on a contract basis
Cementing oil and gas well casings on a contract basis
Chemically treating wells on a contract basis
Cleaning lease tanks, oil and gas field on a contract basis
Cleaning wells on a contract basis
Derrick building, repairing, and dismantling oil and gas-on a contract
Dismantling of oil well rigs (oil field service) on a contract basis
Erecting lease tanks, oil and gas field on a contract basis
Excavating slush pits and cellars on a contract basis
Fishing for tools, oil and gas field on a contract basis
Gas compressing natural gas at the field on a contract basis
Gas well rig building, repairing, and dismantling on a contract basis
Grading oil and gas well foundations on a contract basis
Hard banding service on a contract basis
Hot oil treating of oil field tanks on a contract basis
Hot shot service: on a contract basis
Hydraulic fracturing wells on a contract basis
Impounding and storing salt water in connection with petroleum
Lease tanks, oil and gas field: erecting, cleaning, and repairing-on a
Logging wells on a contract basis
Mud service, oil field drilling: on a contract basis
Oil sampling service for oil companies on a contract basis
Oil well logging on a contract basis
Perforating well casings on a contract basis
Pipe testing service, oil and gas field: on a contract basis
Plugging and abandoning wells on a contract basis
Pumping of oil and gas wells on a contract basis
Removal of condensate gasoline from field gathering lines: on a
Roustabout service: on a contract basis
Running, cutting, and pulling casings, tubes, and rods: oil and
Servicing oil and gas wells on a contract basis
Shooting wells on a contract basis
Shot-hole drilling service, oil and gas field: on a contract basis
Surveying wells on a contract basis, except seismographic
Swabbing wells: on a contract basis
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