30 Jan '13, 10am

Oil Watch: Drill Baby Drill

In addition to o-t's informative post I'll toss out another huge distinction between the US and most of the world: the number of oil and gas operators. Here's a list of just the largest 50 US companies (http://www.petrostrategies.org/Links/Biggest_US_Based_Oil_and_Gas_Compan... ). Most won't have to go far down the list before they see names they've never seen before. Beyond that list there are many hundreds of smaller companies most of which, after 38 years in the oil patch, even I’ve never heard of. Having access to privately owned leases is one thing but unless there are enough companies to pursue them it won't happen. In addition there are hundreds of other companies in the process that will never drill a single well but play a vital role in the process. These companies generate drilling projects and sell them to operators. Other companies focus of taking mineral lease...

Full article: http://www.theoildrum.com/node/9795

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