The Marcellus Shale boom is accomplishing something that all of Governor Rendell's economic development programs cannot: permanent jobs and more state tax revenue without a dime of taxpayer subsidies. Resisting the calls to tax natural gas producers will
IBISWorld Industry Report 21111
Oil Drilling & Gas Extraction in the USDecember 2011 | Justin Molavi
Natural growth: Natural gas is set for a boom as oil maintains volatile trajectory
IBISWorld Code: 21111
NAICS 2002 Code: 21111
NAICS 2007 Code: 21111
Forecast to: 2016
Next Expected Publish Date: April 2012
Major Players Referenced:
Chevron Corp
ConocoPhillips
BP PLC
Royal Dutch/Shell Group
Exxon Mobil Corporation
Industry Definition
Firms in this industry operate and develop oil and gas field properties. Activities include: the exploration and production of crude petroleum; the mining and extraction of oil from oil shale and oil sands; the exploration and production of natural gas; sulfur recovery from natural gas; and recovery of hydrocarbon liquids. Firms may operate oil and gas wells on their own account or for others on a contract or fee basis.