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(The Center Square) – Job growth in the Texas oil and natural gas industry continues to remain strong, contributing to Texas again leading the U.S. in job growth last month. In October, the ...
A Landman or "Petroleum Landman"—in the United States and Canada—is an individual who performs various services for oil and gas exploration companies. [1] According to the website of the American Association of Professional Landmen (AAPL), these services include but are not limited to: negotiating for the acquisition or divestiture of mineral rights; negotiating business agreements that ...
The Texas Oil and Gas Association (TXOGA) is a industry group representing the petroleum and natural gas industries in Texas. Texas is the biggest producer of fossil fuels in the United States, account for 41% of crude oil production, 25% of natural gas, and 31% of refining capacity. [1]
Haroldson Lafayette Hunt Jr. was born on February 17, 1889, near Ramsey, Illinois. [3] During the 1930s, he bought the title for the East Texas Oil Field for $1,000,000, and became one of the eight richest Americans until his death on November 29, 1974, with a net worth between $300–700 million.
The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...
Hilcorp is the largest privately held oil company in the US, by volume. [5] The company's strategy is to acquire declining facilities and get more production out of them. [7] In 2020, the company bought BP's assets in Prudhoe Bay, Alaska, for $5.6 billion. [8] About half of BP's employees in Alaska transitioned with the takeover. [9]
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