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B0531-GL - Global Oil & Gas Exploration & Production - Global Industry Report About This Report Published Date:     21 Feb 2012 Report Content: 38 pages Code Code: B0531-GL Forecast to: 2018 Next Expected Publish Date: August 2012 Major Players Referenced:  Saudi Arabian Oil Company  National Iranian Oil Company  Exxon Mobil Corporation  PetroChina Company Limited  Petroleos Mexicanos  Royal Dutch Shell plc  The British Petroleum Company p.l.c. INDUSTRY DEFINITION Firms in this industry explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids.

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.

Pennsylvania Governor, Ed Rendell, is promoting a severance tax on natural gas produced in the state while the industry dislikes the idea. An article at Philly.com explores the Governors position and industry response. Related Topics: * Pennsylvania