NAICS Code for Mining, Quarrying, and Oil and Gas Extraction

The North American Industry Classification System (NAICS) code for mining, quarrying, and oil and gas extraction is 21. This code encompasses a broad range of activities associated with the extraction of natural resources. This includes everything from the extraction of minerals and coal to the drilling for oil and natural gas. Companies in this sector are involved in various stages of resource extraction, including exploration, extraction, and initial processing. The mining, quarrying, and oil and gas extraction industry plays a crucial role in providing raw materials essential for numerous other industries, including construction, manufacturing, and energy production.

In more detail, the NAICS code 21 covers the following sub-sectors:

• 211: Oil and Gas Extraction: This includes companies involved in drilling for crude petroleum and natural gas. These companies may also be engaged in the operation of oil and gas wells and the extraction of oil from bituminous minerals.
• 212: Mining (except Oil and Gas): This sub-sector includes establishments involved in mining and quarrying of minerals and ores. It covers everything from coal mining to metal ore mining and nonmetallic mineral mining.
• 213: Support Activities for Mining: This includes companies providing support services such as exploration, drilling, and other support activities necessary for the mining industry.

Key Insights:

• Economic Impact: The mining, quarrying, and oil and gas extraction industry significantly impacts the global economy by supplying essential materials for various sectors.
• Technological Advancements: Advances in technology have improved the efficiency and safety of extraction processes, leading to increased productivity and reduced environmental impact.
• Regulatory Challenges: The industry faces various regulatory challenges, including environmental regulations and safety standards, which can affect operational costs and practices.

The industry is vital not only for its direct economic contributions but also for its role in providing essential raw materials that underpin many other industries. Understanding the NAICS code and its sub-sectors helps in identifying and analyzing the industry's various components and their impact on the broader economy.

Table: NAICS Code 21 Breakdown

Sub-Sector	Description
211	Oil and Gas Extraction
212	Mining (except Oil and Gas)
213	Support Activities for Mining