Oil & Gas Exploration & Production Industry Description

Companies that engage in or support upstream oil and gas activities, such as the exploration, development, and production of crude petroleum and/or natural gas.

Summary

The profits for the oil industry are greater now than any time in recent history. Gone are the days of oil sold at $10 a barrel (prices are now more than six times that figure). In fact, oil prices have become so fragile that even the threat of a storm that could potentially harm an oil refinery or a hint of terrorist activities in the Middle East can cause the price per barrel to jump. In addition to real or perceived threats, the rapid industrialization of countries such as China and India have caused demand to far outweigh supply; with the result of the equation being higher prices for oil.

Oil & Gas Exploration & Production Industry Resources

• Alexander's Gas & Oil Connections
  
• Business.com: Oil & Gas
  
• OilandGasInvestor.com
  
• OilOnline
  
• Plunkett Research: Energy and Utilities
  
• Trade Show News Network
  
• UpstreamOnline