ID#20190825 - Oil and gas production is a complex process that involves several stages, from exploration and drilling to refining and distribution. The following is a general overview of the oil and gas production flow: Exploration, Drilling, Production, Transport, Refining, Distribution. This is a general overview of the oil and gas production flow. The specific details of the process may vary, depending on the location and type of resources being extracted. Nevertheless, the overall goal of the process is to extract, refine, and distribute oil and gas products to meet the energy needs of society. #oilandgas #focusonsuccess #WhiteboardIdeas
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Horizontal drilling technology has revolutionized the oil and gas industry, unlocking previously inaccessible reserves and dramatically increasing production efficiency. This advanced method involves drilling vertically to a predetermined depth and then gradually curving the wellbore to extend horizontally through the targeted oil or gas reservoir. The process, although complex, offers numerous advantages over traditional vertical drilling, making it a cornerstone of modern petroleum extraction. Read the full article by Blake Singleton, Oil & Gas Manager: https://bit.ly/3ylZUx4 #peoplescompany #blog #energymanagement #oil #gas #horizontaldrilling
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The oil and gas industry is broken down into three segments: upstream, midstream, and downstream.1.Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil and gas wells.2.Midstream companies are responsible for transportation from the wells to refineries.3.Downstream companies are responsible for refining and the sale of the finished products.
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Rig Count: Texas has a substantial number of active drilling rigs, indicating the level of exploration and production activity. As of recent years, the state had over 200 active drilling rigs, showcasing the ongoing vitality of the oil and gas sector. $SITS #SITS #SouthernInternational #PureOilAndGas #Texas #America #Energy #Oil #Gas #StocksInFocus
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In the oil and gas industry, the petroleum value chain is divided into three key stages: upstream, midstream, and downstream. Upstream involves exploration, drilling, and extraction of crude oil and natural gas. Activities include seismic testing, drilling wells, and oil and gas production. Midstream focuses on transporting and storing crude oil and natural gas. This stage includes pipeline transportation, storage facilities, and initial processing like dehydration and separation. Downstream covers refining crude oil into various products and distributing them to end-users. It involves refining, petrochemical production, fuel blending, and retail sales at gas stations. Each stage is crucial and interconnected, ensuring efficient extraction, processing, and delivery of petroleum products to consumers. . . . #OilAndGasIndustry #PetroleumValueChain #Petroleum #Midstream #Exploration #Petrochemicals #OswalInfrastructure
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The oil and gas industry is divided into 3 sectors. Namely, upstream, midstream and downstream sectors. 1) Upstream - This involves geological surveys, exploration for the oil and producing it. 2) Midstream - This involves moving the petroleum from its place of discovery (the wellhead) to where it's going to be refined. 3) Downstream - Refining and treating of the crude oil into a multitude of products.
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The Course content is following: Module 1: Exploration Production Processing and Refining Transport Module 2: The cost of Oil and Gas The price of Oil and Gas Future of Oil and Gas
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The oil and gas industry gets another mega-merger. As consolidation of companies extracting energy in the Permian Basin continues, Diamondback Energy announced plans to buy Endeavor Energy Partners, the area’s biggest privately held oil and gas producer, in a cash-and-stock deal valued at around $26 billion. It’s the latest acquisition as energy companies look to grow and secure drilling sites with high oil prices remaining high: Exxon Mobil is snapping up Pioneer Natural Resources in a $60 billion deal, and Chevron is buying Hess for $53 billion. For the Southwest region specifically, where the Permian Basin is located, the USGS estimates there are 147 billion barrels of technically recoverable crude oil resources and 17.8 billion barrels of proved reserves
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Oil And Gas Upstream Deal Value Hits Seven-year High, 2024 Could Be a Big Year for Energy M&A The oil and gas industry saw heavyweight M&A deals in 2023, including massive deals like ExxonMobil‘s acquisition of Pioneer Natural Resources and Chevron‘s acquisition of Hess Energy. And industry analysts and executives expect the strong momentum of M&A activities in 2023 to continue into 2024. Industry experts estimate that continued consolidation in the U.S. shale oil sector has pushed the value of global M&A deals in the oil and gas exploration industry to its highest level since the first quarter of 2017, Reuters reported. https://lnkd.in/dU775DGH
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Why Permian oil and gas production growth has been on hiatus lately. Permian Gas Processing Plans Hint at Impending Rebound in Production Among other things, we cited capital discipline by E&Ps, acreage consolidation and optimization, and gas takeaway constraints, the last of which producers have been dealing with (in part) by reducing their drilling activity and shifting to areas with lower gas-to-oil ratios (GORs). In that same blog, however, we noted that despite the current plateauing of Permian production, midstreamers continue to design and build new gas processing capacity, virtually all of it backed by producer commitments. That suggests that E&Ps and integrated production/refining giants like ExxonMobil and Chevron expect to ramp up their production of Permian crude oil and associated gas over the next year or two. https://lnkd.in/gV9_UQQE
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Oil and gas upstream M&A deal value hits highest Q1 levels since 2017 An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as publicly traded companies take advantage of their high share price to gobble up smaller firms. https://lnkd.in/eMAac7vV #TrioPetroleum #CaliforniaEnergy #SouthSalinasProject #InvestInCalifornia Trio Petroleum Corp (NYSE: TPET)
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