Oil Well Loans
The Steps for Oil and Gas Development Projects
There are several steps that oil and gas developments undergo in the process to become successful, producing mines. Traditional oil and gas extraction techniques are classified into four different categories, as noted below. Exploration – This process includes searching for valuable rock formations that contain or are highly likely to contain natural oil or gas […]
Learn More >>Surprise! Products Made From Oil
As the world’s population increases, so too does the demand for oil. Petroleum, also known as oil, is a widely used substance, which is why the price per barrel of oil has a dramatic effect on pocketbooks worldwide. More than just pumping gas and taking care of cars, oil is used in endless products, which […]
Learn More >>Oil Production Helps Attract Infrastructure
U.S. oil production helps boost domestic oil supplies while increasing infrastructure. A prime example of a modern day oil boom is North Dakota. Across the state, demand for housing, drilling rigs, office space and pumping units has expanded at an alarming rate, one that can literally not be met. Oil production in this area has […]
Learn More >>The Science of Oil Drilling
The skill of oil drilling is a relatively complicated scientific process. In layman’s terms, crude oil is extracted from oil wells. This oil is then sent to refineries where it is turned into gasoline, heating oil, kerosene and other products. Formed between 10 million and 600 million years ago, oil is the remains of tiny […]
Learn More >>Mining Techniques
Mining is defined as a technique that involves extracting geological materials or valuable minerals from the earth. These minerals are located within lodes, orebodies, veins, reefs or seams. There are several mining techniques commonly used worldwide to collect valuable materials. Surface mining is a technique that involves stripping all surface dirt and vegetation down to […]
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