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The oil and gas industry shouldn’t be thought of as a monolith. The needs and ways that each sector operates is different. Dividing the industry into upstream, midstream, and downstream more adequately captures the unique needs and behavior of each sector.   Upstream The upstream sector of the oil and gas industry involves the exploration and production (E&P) of crude oil…

The Natural Gas Value Chain can be illustrated by demonstrating the life cycle of a natural gas well from drilling to end-user. The process involves drilling and then producing the gas in the well if reserves are large enough to warrant commercial production. The produced natural gas is commonly held in inventory underground under pressure in three types of facilities. These…