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The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
Michel Thomas Halbouty (21 June 1909 in Beaumont, Texas – 6 November 2004 in Houston, Texas) was an American geologist, petroleum engineer, and wildcatter.Credited with discovering more than 50 oil and gas fields, he twice declared bankruptcy, but came back each time to regain wealth.
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 ...
Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas.The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.
Fortune 500 companies based in Houston [1]: Rank Company name 7: ExxonMobil: 15: Chevron: 26: Phillips 66: 54: Sysco: 90: Enterprise Products Partners: 92: Plains GP ...
The company had proved reserves of 440.4 million barrels of oil equivalent (2.694 × 10 9 GJ), of which 82% was petroleum. It also had a prospect offshore of Vietnam. [1] In California, it was a principal operator on fields including Cymric Oil Field and the South Belridge Oil Field in Kern County and Inglewood Oil Field in Los Angeles County.
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