Top 10 Oil and Gas Exploration and Production Companies - 2023

The oil and gas exploration and production sector is undergoing a digital transformation driving a shift towards more sustainable practices that reduce carbon emissions. The sector embraces sustainability trends to achieve cost savings and improve operational efficiency. Integrating AI and IoT solutions streamlines operational processes, enhancing performance and productivity. Blockchain technology provides greater visibility and optimization across the entire oil and gas value chain. Other technological solutions like augmented and virtual reality technologies improve field safety and enable remote operations.

According to research, the oil and gas sector is projected to reach a market value of $8,670.91 billion by 2027, with a compound annual growth rate (CAGR) of 4.3 percent. This sector generates vast amounts of data during its operations. By utilizing advanced analytics and big data platforms to analyze production and performance data, companies can achieve cost reductions and improve their return on investment (ROI). The increasing activities within the industry, coupled with the growing demand for natural gas, are anticipated to positively impact business growth in this sector.

This edition of Energy Business Review brings readers to the key developments in the oil and gas exploration and production space. It features thought leadership articles from Azfar Mahmood, Product Manager, Digital Solutions and Jeremy Angelle, Vice President, Products and Services at Frank’s International, and Tim Harwood, Hydrogen Programme Director at Northern Gas Networks.

Azfar Mahmood and Jeremy Angelle shed light on the emerging trends in the oil and gas sector and the role of digital solutions. The industry is gravitating towards automation-driven processes like advanced automation, controls, and safety interlocks. Digital transformation in this sector will reduce the need for human intervention and error margins in activities like well construction. Tim Harwood talks about setting and achieving net-zero goals in decarbonizing homes by shifting from natural gases to hydrogen energy. Decarbonization involves more resilient distribution infrastructures that can meet long-term energy needs.

This edition features Henry Resources, an oil and gas company that demonstrates the importance of sustainable practice that puts the community at the forefront. Its innovations in the oil and gas sector with horizontal drilling and fracturing.

In this edition featuring top oil and gas exploration and production companies, we hope you find the appropriate company suited to your business requirements.

Let us know your thoughts.

Oil & Gas Turbine | Energy Business Review

Oil & Gas Turbine - 2023

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Henry Resources

Henry Resources is a family-owned upstream E&P company founded in 1969 by Paula and Jim Henry. It redefines oil and gas industry leadership through innovative technology, community commitment, and environmental stewardship. Its unique approach, dubbed “The Henry Way,” combines sustainability, philanthropy, and strong partnerships to drive excellence and create lasting impact.

We have drilled over 1,500 vertical wells, operating up to 10 rigs, and completing up to 20 wells monthly, prioritizing oil production and efficient project execution. About 10 years ago, we shifted our strategy to horizontal drilling and have drilled over 200 horizontal wells since that time. Our unmatched operational capabilities generate excellent returns for our trusted partners

David Bledsoe, President
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Seidler Oil & Gas

Seidler Oil & Gas has a legacy of more than 26 years in pioneering natural gas and oil exploration, development, and production projects through sustainable and innovative E&P operations by leveraging long-standing relationships and consistently producing strategic partnerships while elevating the client experience.

Our long-lasting relationships with numerous E&P companies signify the integrity with which we approach our services

Frank Seidler, President
Antero Resources Corporation

Antero Resources Corporation is an oil and gas exploration and production company focused on developing natural gas and liquids resources in the Appalachian Basin. They utilize advanced drilling and completion techniques to maximize production efficiency and deliver sustainable energy solutions
CNX Resources

CNX Resources is the premier natural gas development, midstream, and technology company in Appalachia – one of the most energy abundant regions in the world. Their low cost and low emission natural gas from the Marcellus and Utica shales is helping to meet the world’s growing energy demand and catalyzing environmental progress
Chord Energy

Chord Energy has a diverse portfolio of assets and employs advanced technologies to explore and develop hydrocarbon resources, emphasizing environmental responsibility and operational excellence.
ConocoPhillips

ConocoPhillips is a global energy company engaged in oil and gas exploration and production. With operations spanning multiple continents, they employ advanced technologies and a strategic approach to extract and deliver energy resources in a sustainable manner
Occidental Petroleum

Occidental Petroleum is an international oil and gas exploration and production company. They operate globally, with a focus on conventional and unconventional resources. The company emphasizes innovation and sustainable practices throughout their operations
Ovintiv

Ovintiv is focused on developing unconventional resources, employing advanced drilling and completion techniques to maximize efficiency and minimize environmental impact
Range Resources

Range Resources’ primary goal is to provide reliable and affordable energy while minimizing their environmental footprint. The company employs advanced drilling technologies, such as horizontal drilling and hydraulic fracturing, to extract natural gas and liquids efficiently. Range Resources emphasizes environmental stewardship, safety, and community engagement in its operations
Southwestern Energy

Southwestern Energy is an energy company focused on natural gas exploration and production. The company is committed to responsible resource development and delivering clean and sustainable energy solutions
Henry Resources

Henry Resources is a family-owned upstream E&P company founded in 1969 by Paula and Jim Henry. It redefines oil and gas industry leadership through innovative technology, community commitment, and environmental stewardship. Its unique approach, dubbed “The Henry Way,” combines sustainability, philanthropy, and strong partnerships to drive excellence and create lasting impact.
We have drilled over 1,500 vertical wells, operating up to 10 rigs, and completing up to 20 wells monthly, prioritizing oil production and efficient project execution. About 10 years ago, we shifted our strategy to horizontal drilling and have drilled over 200 horizontal wells since that time. Our unmatched operational capabilities generate excellent returns for our trusted partners

David Bledsoe, President
Seidler Oil & Gas

Seidler Oil & Gas has a legacy of more than 26 years in pioneering natural gas and oil exploration, development, and production projects through sustainable and innovative E&P operations by leveraging long-standing relationships and consistently producing strategic partnerships while elevating the client experience.
Our long-lasting relationships with numerous E&P companies signify the integrity with which we approach our services

Frank Seidler, President
Antero Resources Corporation

Antero Resources Corporation is an oil and gas exploration and production company focused on developing natural gas and liquids resources in the Appalachian Basin. They utilize advanced drilling and completion techniques to maximize production efficiency and deliver sustainable energy solutions
.
CNX Resources

CNX Resources is the premier natural gas development, midstream, and technology company in Appalachia – one of the most energy abundant regions in the world. Their low cost and low emission natural gas from the Marcellus and Utica shales is helping to meet the world’s growing energy demand and catalyzing environmental progress
.
Chord Energy

Chord Energy has a diverse portfolio of assets and employs advanced technologies to explore and develop hydrocarbon resources, emphasizing environmental responsibility and operational excellence.
.
ConocoPhillips

ConocoPhillips is a global energy company engaged in oil and gas exploration and production. With operations spanning multiple continents, they employ advanced technologies and a strategic approach to extract and deliver energy resources in a sustainable manner
.
Occidental Petroleum

Occidental Petroleum is an international oil and gas exploration and production company. They operate globally, with a focus on conventional and unconventional resources. The company emphasizes innovation and sustainable practices throughout their operations
.
Ovintiv

Ovintiv is focused on developing unconventional resources, employing advanced drilling and completion techniques to maximize efficiency and minimize environmental impact
.
Range Resources

Range Resources’ primary goal is to provide reliable and affordable energy while minimizing their environmental footprint. The company employs advanced drilling technologies, such as horizontal drilling and hydraulic fracturing, to extract natural gas and liquids efficiently. Range Resources emphasizes environmental stewardship, safety, and community engagement in its operations
.
Southwestern Energy

Southwestern Energy is an energy company focused on natural gas exploration and production. The company is committed to responsible resource development and delivering clean and sustainable energy solutions
.