U.S. Independent Oil and Natural Gas Producers

The role of the producers independent of oil and gas in the United States increased considerably during twenty last years. Producers independent of oil and gases are implied in the sectors of exploration and production of oil industry. The oil reservoirs apart from Alaska matured and the principal oil companies shifted their hearth towards areas at sea of the United States and in the foreign countries. These large companies need large producing fields to maintain their shareholders happy. The independent ones develop 90 percent of the oil wells of the nation. According to the ministry for energy, the independent producers are responsible to ensure 68 percent of American production of oil and 82 percent of total American natural gas. The independent producers were responsible for all the principal terrestrial discoveries in the USA since the government agencies and the policies 1990.Different offer the assistance to independent including/understanding the attractive tax advan! tages for the assistance of investors and technology transfer. The technology transfer is critical to help of the companies in exploration in the ripe fields. In some sectors, two oil barrels were left in the ground for each barrel extracted. The large oil companies took very easy to obtain to oil. Remaining oil is inside harder to reach the sectors it was not economic to extract than. The high price running of oil and new technologies make it feasible so that the independent producers explore and for extract this oil. There are thousands of companies of production of independent oil and natural gas, like Western Pipeline Corporation in the United States. Their is strongly likely risked businesses of the variations in the prices of the market of the natural gas and crude oil products. They are also very expensive. The instability of the prices towards the end of the Nineties had a harmful effect on these independent producers. The prices of oil were low which forced the clo! sing of the not very lucrative marginal wells and of the major! cuts we re made in the investment of capital of equipment. The low prices of oil were not a question since 2001. In fact, the high oil price is responsible for the investment of capital of equipment increased by the independent ones during six last years. It is now economically feasible so that they extract oil and natural gas in the marginal wells and hard obtaining to oil reservations. One created new technologies which make it possible to extract oil and natural gas in much from sectors previously abandoned. There is little probability that the world will re-examine low price of oil. Maximum oil is here at a time when the request continues to increase in particular in China and India. The United States needs a strong industry independent of exploration and production to in the future satisfy as many its requests today and like possible. Bob Jent is the PRESIDENT of Western Pipeline Corporation. Western Pipeline Corp specializes in existing of identification, acquisition and to de! velop, producing reservations in the name of its various customers. Source of article: http://EzineArticles.com/?expert=Robert_Jent
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