Information About Oil And Natural Gas Extraction Industry

1373 Words6 Pages
To: Dr. Maria D. Davidson
From: Nicolas Hardaway NH
Date: September 18, 2014
Subject: Information about Oil and Natural Gas Extraction Industry

This Report requested by the principal financial investor, Dr. Maria D. Davidson, includes information required to make an informed decision on whether or not to diversify into the Oil and Natural Gas Extraction industry. The Oil and Natural Gas Extraction industry is involved in the processes required to find and extract crude oil and natural gas. The Oil and Natural Gas industry has performed well in recent years despite economic challenges due to the help of new techniques and technologies that have allowed the industry to quickly recover after economic setbacks.
What are the Major Components of the Oil and Gas Extraction Industry?
Major Operations that this industry is involved in include the exploration and drilling of crude oil, and the extraction of natural gasses. Once the oil and gas is extracted, these companies now are responsible for processing the material to then be sold to industries that then either refine crude oil or distribute natural gas.

Traditionally, large drills are used to extract crude oil from the ground or in offshore deposits. With these techniques, large amounts of crude oil has been left untouched because it was uneconomical to attempt to retrieve the oil. But, with new techniques such as hydraulic fracturing and horizontal drilling, it can now become more efficient for companies to go
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