|Owner(s)||Endeavor Business Media|
|Sister newspapers||Offshore Magazine|
The Oil & Gas Journal is a leading petroleum industry weekly publication with a worldwide coverage. It is headquartered in Tulsa, Oklahoma and the journal has a major presence in Houston, Texas. The journal is published by Endeavor Business Media.Its publisher is Paul Westervelt, and editor is Bob Tippee. The first issue was published in 1902. Its online information services started in 1994.
LexisNexis database describes the Oil & Gas Journal as an authoritative source on the petroleum industry aimed at engineers, oil management and executives throughout the oil and gas industry.The weekly publishes news, analysis, statistics, and technology updates on exploration, drilling, production, pipeline, transportation, refining, processing and marketing. It is a subscription trade publication. Oil & Gas Journal has about 20,000 subscribers for the printed issue and 80,000 for digital subscriptions.
The Oil & Gas Journal began in 1902 as the Oil Investor's Journal of Beaumont, Texas, which covered the oil boom that followed the nearby Spindletop discovery. As the oil discoveries spread along the Gulf Coast, the magazine relocated to Houston. In 1910 the magazine was purchased by Patrick C. Boyle, long-time publisher of the Oil City Derrick in Pennsylvania. Boyle moved the publication briefly to St. Louis, Missouri, then to Tulsa, where it still resides.
In 2018, owner PennWell was acquired by Clarion Events, a British company owned by The Blackstone Group.In 2019, Clarion sold several PennWell divisions, including Oil & Gas, to Endeavor Business Media.
The history of the petroleum industry in the United States goes back to the early 19th century, although the indigenous peoples, like many ancient societies, have used petroleum seeps since prehistoric times; where found, these seeps signaled the growth of the industry from the earliest discoveries to the more recent.
Petroleum engineering is a field of engineering concerned with the activities related to the production of Hydrocarbons, which can be either crude oil or natural gas. Exploration and production are deemed to fall within the upstream sector of the oil and gas industry. Exploration, by earth scientists, and petroleum engineering are the oil and gas industry's two main subsurface disciplines, which focus on maximizing economic recovery of hydrocarbons from subsurface reservoirs. Petroleum geology and geophysics focus on provision of a static description of the hydrocarbon reservoir rock, while petroleum engineering focuses on estimation of the recoverable volume of this resource using a detailed understanding of the physical behavior of oil, water and gas within porous rock at very high pressure.
ConocoPhillips is an American multinational corporation engaged in hydrocarbon exploration. It is based in the Energy Corridor district of Houston, Texas.
Baker Hughes Company is an American international industrial service company and one of the world's largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting. Baker Hughes is organized in Delaware and headquartered in Houston. The company was originally known as Baker Hughes Incorporated until 2017 when it was merged with GE Oil and Gas to become Baker Hughes, a GE Company (BHGE), then in 2019 the company divested from General Electric and became Baker Hughes Company. As of December 2020, GE is no longer majority owner of Baker Hughes, owning 30% and intending to completely divest its ownership stake over the next few years.
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The extreme monetary value of oil and its products has led to it being known as "black gold". The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream deals with Drilling and Production mainly.
The Society of Petroleum Engineers (SPE) is a 501(c)(3) not-for-profit professional organization whose stated mission is "to collect, disseminate, and exchange technical knowledge concerning the exploration, development and production of oil and gas resources and related technologies for the public benefit; and to provide opportunities for professionals to enhance their technical and professional competence".
Phillips Petroleum Company was an American oil company incorporated in 1917 that expanded into petroleum refining, marketing and transportation, natural gas gathering and the chemicals sectors. It was Phillips Petroleum that first found oil in the North Sea on December 23, 1969, at a position that was later named Ekofisk.
The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry. It claims to represent nearly 600 corporations involved in production, refinement, distribution, and many other aspects of the petroleum industry.
The title of "Oil Capital of the World" is often used to refer to Tulsa, Oklahoma.
SemGroup Corporation was a publicly-traded company engaged in natural gas, petroleum, and propane pipeline transport. It was organized in Delaware and headquartered in Tulsa, Oklahoma. In December 2019, the company was acquired by Energy Transfer LP.
Noble Energy, Inc. was a company engaged in hydrocarbon exploration headquartered in Houston, Texas. In October 2020, the company was acquired by Chevron Corporation.
PennWell Corporation was a diversified business-to-business publisher founded in 1910 and based in Tulsa, Oklahoma. It was acquired by the British company Clarion Events.
Ingersoll Rand Inc., founded in 1859, is an American worldwide provider of industrial equipment, technologies and related parts and services to a broad and diverse customer base through a family of brands. The company has over 30 manufacturing facilities located in the Americas, Europe, the Middle East, and Asia Pacific with offices in 35 different countries. Based in Milwaukee, Wisconsin, it operates in three groups: the Industrials Group, Energy Group, and Medical Group.
Michel Thomas Halbouty 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. He authored hundreds of technical articles on petroleum geology, and two book-length histories of famous oil fields. Halbouty is often described, including in his New York Times obituary, as “legendary.”
Shale gas in the United States is an available source of natural gas. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of U.S. natural gas. Largely due to shale gas discoveries, estimated reserves of natural gas in the United States in 2008 were 35% higher than in 2006.
Donald Max Flynn is a former All-American quarterback, NFL quarterback, soldier and businessman. He grew up in Texas, lettering in baseball, basketball and football for MVP again his senior year of college.
The Brown Dense limestone is an informal name used by petroleum geologists for a layer of rock that lies beneath large parts of southern Arkansas and northwest Louisiana. The Brown Dense is a 300- to 500-foot thick interval within organic-rich, fine-grained carbonate rock that comprise the Lower Member of the Smackover Formation. Within this area, the Lower Smackover Member lies at depths of 8,000 to 10,000 feet beneath the land surface.
The Foster Natural Gas/Oil Report, formerly known as the Foster Natural Gas Report and Foster Associates Report, is a U.S.-based weekly newsletter published by Foster Associates, Inc. It was founded in Washington, D.C. on March 23, 1956 by J. Rhoades Foster and a group of economists. Its editor-in-chief is Edgar D. Boshart.
GE Oil & Gas was the division of General Electric that owned its investments in the petroleum industry. In July 2017, this division was merged with Baker Hughes.