Oil and gas exploration industry segments
The oil and gas industry is one of America’s biggest economic driving forces — and currently, the U.S. is the biggest producer of natural gas on earth, and one of the largest oil-producing countries. With such a massive industry comes a great number of interesting nuances and different jobs that can be performed. The oil and gas sector recovered, especially the oil markets from the depths of the post 2014 downturn. Since 2016, oil prices have recovered from $40, reaching $67 in Sep, 2018. The recovery happened due to several factors. One of them is the success of the production restraint agreement between OPEC Midstream Collection and transportation of crude oil, natural gas and refined products Upstream Exploration and Production (E&P) searching for/recovery and production of crude oil and natural gas Service Companies that provide services to the oil and gas companies, but do not