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1. Fully Integrated 2. Independent Producers 3. Independent Refiners 4. Independent Marketers 5. Pipeline Companies 6. Service Companies 7. Trade and Professional Organizations 8. Government Agencies and Research Organizations 9. National Oil Companies 10. References
The oil and gas industry is composed of a number of different companies and organizations that contribute to supplying refined products and natural gas. The industry is composed of fully-integrated oil and gas companies, independent oil and gas producers, refiners and marketers, pipeline operators, service companies, trade associations and government agencies. Operating companies are those organizations that perform core functions along the value chain such as exploration and refining.
Fully Integrated
These companies are engaged in all aspects of the oil and gas industry from exploration to marketing. The average consumer is well-acquainted with these companies by virtue of their branded gasoline stations. The fully-integrated companies or majors explore for and produce oil and gas around the world, own pipelines and tankers to transport this oil and gas, have refineries to process the crude oil into refined products, and sell these products through a global network of wholesale and retail outlets. Typical fully-integrated companies are ExxonMobil Corporation, BP, ChevronTexaco, ConocoPhillips Company and Royal Dutch/Shell. Please click on the following links to learn more: World's Largest Oil and Gas Companies
Independent Producers
Independent oil and gas producers are those companies that only explore and/or produce crude oil and natural gas. These companies focus on their core strengths to compete with the major companies. They may have global operations and can range in size from under 25 to thousands of employees. The Independent Petroleum Association of America which represents these companies has over 8,000 members. Typical independent oil and gas producers are Apache Corporation, Devon Energy Corporation, Pioneer Natural Resources and XTO Energy Corporation. Please click on the following link to learn more: Biggest US Oil and Gas Companies Top 50 US Operators Ranked by 2007 Operated Production Data
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Independent Refiners
Independent refiners are those companies that purchase crude oil and process it into finished products. These companies may also own wholesale and retail marketing outlets (independent refiners and marketers) or sell their products to marketing companies. Many independent refiners are members of the National Petrochemical and Refiners Association. Typical independent refiners are Frontier Oil Corporation, Holly Corporation, Sunoco, Inc., and Valero Energy Corporation. Please click on the following link to learn more: World's Largest Refiners Ranking of US Refineries
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Independent Marketers
Independent marketers are companies that purchase refined products, usually gasoline, and sell them at retail outlets. These companies would buy product from independent refiners or majors. This classification would include organizations whose primary business is gasoline sales such as RaceTrac and QuikTrip and major retailers such as Costcos, Albertson's and Wal-Mart who sell gasoline in addition to other merchandise. The Petroleum
Marketers Association of America and the Society of Independent Gasoline Marketers of America represent this group.
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Pipeline Companies
Pipeline companies transport crude oil, refined products, natural gas and natural gas liquids using networks of pipes and pumping or compressor stations. These companies may be independent operations or joint ventures of operating companies. Colonial Pipeline Company is a major interstate pipeline that moves from refined products from the Gulf Coast to the East Coast. Each day, it delivers an average of 80 million gallons of gasolines, kerosenes, home heating oils, diesel fuels and national defense fuels to shipper terminals in 12 states and the District of Columbia. It is owned by BP (17.96%), CITGO Petroleum (15.79%), Conoco (8.53%), Equilon (16.12%), Koch Industries (7.30%), Marathon Oil Company (2.82%), Phillips Petroleum (8.02%) and Union Oil Company of California (23.44%). The Trans Alaskan Pipeline System, used to move crude oil production from the Alaskan North Slope to Valdez, is owned by BP Pipelines (Alaska) Inc. ( 50.01%), ExxonMobil Pipeline Company (20.34%), Amerada Hess Corporation (1.5%), Phillips Alaska Pipeline Corporation (1.42%), Phillips Transportation Alaska, Inc. (22.3%), Unocal Pipeline Company (1.36%) and Williams Alaska Pipeline Company, L.L.C. (3.08%). Natural gas pipelines such as El Paso Corp., Northern Natural Gas Co., Tennessee Gas Pipeline Co., Columbia Gas Transmission Corp. and Transcontinental Gas Pipe Line Corp. transport gas from fields to consumers. The American Gas Association represents interstate natural gas pipeline companies. Please click on the following links to learn more: Pipeline 101 US Interstate Gas Pipelines About US Natural Gas Pipelines US Interstate Oil Pipelines
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Service Companies
Service companies can range from organizations that rent drilling rigs to firms that build refineries. These organizations support the primary functions of the value chain. They can also include accounting and information management firms, financial institutions, and law firms. Representatives from this group are companies like Halliburton Company and Schlumberger.
Please click on the following link to learn more: Service Companies Oil & Gas Field Service Industry
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