Where Is Our Oil and Gas Industry Headed????

When oil was first discovered it was “Discovered of the spindle top oilfield near Beaumont in January 10, 1901 marked the opening of the prosperous phase of the business in Texas.” But not long after discovering in Texas it would soon be discovered in Oklahoma in 1905. Shortly after 1910 more oil was being founded and more was coming out of Texas. By the end of the Progressive Era in 1920’s “Texas was producing 85,000,000 barrels per year with even more dramatic increase

Believe it or not, oil has been a big deal in america.Ever since the colonization up to today. The early American Colonist used oil for lamp propellant and for oiling machines. On August 28 of the year 1859, the Pennsylvania Rock Oil company, before renaming to Seneca Oil Company, first struck oil in the colonies in Titusville, Pennsylvania. The owner of the Seneca Oil company was Colonel Edwin Drake. He called himself a colonel to impress. Edwin Drake was not a real colonel. “He was called “Crazy Drake” because he wasted more than 40,000 dollars from investor’s and his own in a research, that didn’t give results until a year or more after.” Edwin Drake made it possible for the use of a drilling rig on a well successfully. The Seneca Oil produced

In Texas, there is an economic powerhouse that not only runs deep beneath fields of cotton, but also reaches miles beyond the green pastures of cattle. Its multitude of uses in daily life also far outweighs the benefits of technology. This resource, greater than any other in Texas, is oil. In 1866 the first commercial oil well was dug near Nacogdoches, Texas but unfortunately the well came up dry. Thirty years later in 1894 oil was discovered in Corsicana, Texas by accident while a water well was being dug. This was the first economically significant discovery of oil in Texas. On January 10, 1901, Texas was catapulted into the era of oil and gas with the discovery at Spindletop. The Spindletop well, located south of Beaumont produced roughly

When people hear the word oil it is commonly interpreted as gas, but the oil that we drill is not what goes into our cars. The oil that is retrieved from the ground is called crude oil, Oil in its raw natural form and when it becomes refined it is used in plastics, rubber, and gasoline. ”Gasoline is a volatile, flammable liquid obtained from the refinement of petroleum, or crude oil. It was originally discarded as a byproduct of kerosene production.” The first oil well was found and harvested in Titusville, Pennsylvania by a man named Edwin L. Drake, in 1859. The well was about 70 feet deep (How gas). It pumped between 20-40 barrels a day

Texas’ history with oil starts much earlier than the 1901 Spindletop gusher. As early as 1543, there were reports of natural oil seeps along the coast of Texas which was used as both medical treatments and caulking for boats by Spanish explorers (Wooster). In 1866, the first of Texas’ oil producing wells was drilled in Nacogdoches County, however the supply and profit was not high enough to justify further development. In 1895 in Corsicana, Texas there was a minor oil find that led to the creation of Texas’ first oil refinery in Nacogdoches, Texas. Another large oil find is the East Texas Oil Field which spans 140,000 acres and is considered to be the largest oil field in the United States (excluding Alaska); this oil field has produced over 5.2 billion barrels from its 30,340 historic and active oil wells (Smith).

Rockefeller introduced new techniques that completely reshaped the oil industry as well as how business was run. In 1859, Edwin Drake discovered oil in Titusville, Pennsylvania, and Rockefeller was quick to foresee a future. He was persuaded that refining oil would bring immense wealth and so he began to sell off his other interests. Around 1863, Rockefeller and several partners entered the booming oil industry by investing in a Cleveland Refinery. During the 19th century, kerosene was in high demand and during the process of refining crude oil to kerosene, there were many byproducts that many saw as waste, but thrifty Rockefeller saw it as gold. Byproducts such as petroleum jelly was sold to medical supply companies, paraffin to candlemakers, and other wastes as paving materials for roads. He kept shipping a plethora of goods, therefore, railroad companies drooled over the prospect of getting his business. Due to the immense use of railroads, Rockefeller demanded discounted rates, or rebates from them. The high cost of transporting his oil to his Cleveland refineries cost 40 cents

Oil was first thought to be discovered in the state of Louisiana in 1868 by the Louisiana Oil and Coal Company fifteen miles west of Lake Charles. However, the Louisiana Oil and Coal Company was unsuccessful at drilling oil but the company did find extensive sulfur deposits. (Louisiana Mid-Continent Oil and Gas Association. (n.d.). Retrieved October 07, 2016, from http://www.lmoga.com/resources/oil-gas-101/history-of-the-industry/) Oil was first discovered in Louisiana on September 21, 1901. (Louisiana Mid-Continent Oil and Gas Association. (n.d.). Retrieved October 07, 2016, from http://www.lmoga.com/resources/oil-gas-101/history-of-the-industry/)

Settlers used oil as an illuminant for medicine and as grease for wagons and tools. Rock oil distilled from shale became avaialable as kerosene even before the industrial revolution began. While traveling in Austria, John Austin, A new york merchant, observed an effective, cheap oil lamp and made a model that upgraded kerosene lamps. Soon the u.s rock oil industy boomed as whale oil increased in price owing to the corporation, which was created to develop oil found floating on water near titusville, Pennsylvania, was the pennsylvania rock oil company of conneticut ( later the seneca oil company). Pipelines early became a major consideration in standards drive to gain buisness and profits. Samuel syckel had built a four-mile pipeline from pithole,

The use of pipelines date back as far as 500BC in China. In those times, the pipelines were made of bamboo, used to separate the salt from the sea water. The United States did not adopt these until much later. Edwin L. Drake drilled his first commercial oil well in the United States near the city Titusville in Pennsylvania; the oil which they nicknamed “rock oil” was then used as a less expensive alternative to whale oil. It was used as lubricant and as fuel for lamps. It was not long after this that it was realized they would need a more cost effective way of transporting the oil from place to place. At the time, Teamsters were using horses and wagons to get the oil to the markets; one barrel going five miles costed more than the entire rail charged to go to New York City. For that reason, the pipeline was created.

In 1859 Edwin Drake and E. B. Bowditch of the Seneca Oil Company drilled the first commercial oil well in the United States in Titusville, Pennsylvania. The well produces about 500 gallons of oil a day and over time has increased. Soon, similar wells all over western Pennsylvania were providing crude oil for kerosene production that was needed to fuel the nation 's streetlights and house lamps. “The lighter boiling component, gasoline, was discarded, since it had no market. There are historical reports that "waste" gasoline, which had been dumped into rivers, sometimes caught fire. In 1892 the first gasoline-powered engines, for both car and tractor, were developed: This soon provided a market for the once useless substance, gasoline”

This thesis will study wide-ranging trends that impact the Oil and Gas industry and worker satisfaction. An assessment will be given to 300 employees of Oil and Gas companies in the southern USA, quarters to hundreds of big and small oil and gas businesses. Responses expected to be collated are typically from employees who had worked in the industry for a significant amount of time, putting them in a fine situation to remark on industry trends. The thesis/study shall first examine how the subjects feel about 12 diverse facets of these trends before determining the aspects of job security inspiration and job contentment of employees-in the sample-from big and small companies in the industry. It shall be the effects of inclinations as seen by the subjects that will compute the self-determining variable. The trends are gauged on two precise factors: household, and lawful and overseas. Workers of both small and big oil companies deem the local feature to be uniformly important, but worked of bigger firms consider the lawful and overseas feature to be more imperative than smaller firms do. Maybe, smaller firms for the reason that of their elasticity are better able to counter the unpleasant effects of decrease, job security, job approval, and universal motivation levels in the middle of employees of small oil companies were considerably advanced compared to employees of bigger companies. In the face of recent record high prices and earnings,

The world’s largest producer of crude oil is Russia producing more than 5.3 million barrels per day (Barden 2017). The history of Russia’s oil industry started in the 16th

The Nespresso story began with a simple but revolutionary idea; ‘The perfect cup of coffee, time after time and cup after cup’. To do so Nespresso pioneered the concept of premium portioned coffee, designed for maximum convenience. The process redefined the way coffee lovers around the world could enjoy their coffee. Key to the vision was a determination for quality, innovation and

            Other environmental influences, such as competition, may fuel the company’s desire to create more and better products that could well determine their location and standing in the global market. Increase in the number of competitors for the same line of products may mean that there

This is the underground rock that petroleum is taking, from the matter of plants and animals decomposed into oil during these millions of years ago. It accumulated into pools deep underground. They considered it impossible and laughed about the situation. The drilling of the first well was in Titusville, Pennsylvania in 1869, and ushered in a new world wide era; the oil age. Drakes drilling operation struck oil 70 feet below the ground. After what he did, petroleum engineering was established because the drill can go below as under 6 miles and the U.S began to rely so much on oil that they started to begin schools and education. The worldwide was devised in the United States in 1914.