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Oilfield service companies may produce, maintain, and repair equipment used in oil extraction and oil transportation. [1] In 2019, the global oilfield services market was US $ 267.8 billion. [ 2 ]
Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
Patterson Drilling Company was founded in 1978 by Cloyce Talbott and Glenn Patterson. [1] UTI Energy was formed in 1986 to purchase Universal Well Services, Union Supply Company, Triad Drilling Company, and International Petroleum Services Company. In 2001, Patterson Drilling acquired UTI Energy and renamed the company Patterson-UTI Energy. [3]
Superior Oil drill site, West Texas 1949. The Superior Oil Company was founded in 1921 in Coalinga, California, by Keck, [1] after he had accumulated enough leases to start his own firm. [6] Superior Oil began as a drilling contracting firm and grew into other oil services including exploration and production of oil and natural gas.
Cullen's success led to his founding the South Texas Petroleum Company (with partner Jim West Sr.) and Quintana Oil Company. [125] Cullen and his wife established the Cullen Foundation, which became one of the largest charitable organizations in the state, and donated heavily to the University of Houston , the Texas Medical Center , and ...
National Iranian Oil Company Iran: North Oil Company Iraq: South Oil Company: Missan Oil Company: Midland Oil Company: Delek Israel: Isramco: Modiin Energy: Eneos Japan: Inpex: JAPEX: KazMunayGas Kazakhstan: Kuwait Petroleum Corporation Kuwait: Consolidated Contractors Company Lebanon: Petronas Malaysia: Petroleum Development Oman Oman: Oil and ...
In January 2007, the company sold assets in West Texas for $1 billion. [16] In February 2007, the company sold assets in Oklahoma and Texas for $860 million. [17] In December 2008, the company sold its 50% interest in the Peregrino heavy oil field offshore Brazil to Statoil for $1.4 billion. [18]
Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.
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