Oil & Gas Producers

Oil & Gas Producers

Overview

The 5,600 oil and gas producers in the US sell crude petroleum and natural gas from on-shore and off-shore wells to refineries, energy brokers, and other energy companies. Industry revenue is about evenly split between crude petroleum and natural gas.

Alternative Energy Sources

The US government is funding programs to decrease use of petroleum products and to subsidize the growth of alternative energy sources in order to decrease dependence upon imported oil.

Expansion Of Unconvential Sources

The costs and hazards of transporting natural gas over long distances by ship dictate that the US’s primary sources of natural gas be domestic.