Oil and natural gas drilling are often thought of as one concept but can be two different things. When a company is drilling for natural gas, they may hit on crude oil. Crude oil is refined to make gasoline, whereas natural gas is used for a variety of different purposes. Companies that are oil drilling are looking for one type of natural resource for fuel as well as other purposes.
People who invest in well prospects often think that they are drilling for either gasoline or oil and do not often know the difference. When an oil company drills into the earth, they are looking for natural resources that can be use for fuel or for other purposes. Crude oil, for example, is not only used for gasoline, but for petroleum and petroleum based products.
One thing that people need to know about oil drilling is that the well can turn up with natural gas, crude oil or it can turn up dry. A dry well is one that yields no natural resources, although it may be explored again at a later time.
Often, when drilling for natural gas, a company will find crude oil. This is also a valuable commodity as crude oil is needed to make petroleum based products as well as gasoline.
Oil and natural gas drilling can yield both natural gas or oil. Both are considered to be valuable natural resources that are a necessary part of life as they can be used for fuel for heating as well as use in gasoline to run cars.
Crude oil can be refined into gasoline by an oil refinery process. About 17 percent of a barrel of crude oil will be used for gasoline.
Oil drilling takes time as well as high powered equipment. Most investments of this nature are made by a group of investors who share in the costs, along with the oil company.
Both oil and gas drilling can yield profits for investors who invest in a company that drills in a proven well or finds a new well. Finding a new well during drilling yields very high profits for investors.
Drilling for natural gas as well as oil drilling are time consuming but can yield high profits for investors. Oil and natural gas drilling takes place in the United States as well as all over the world. Both oil and gas are natural resources that are used for a variety of different purposes, including heating fuel, petroleum products and gasoline.
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Visit Evans Energy's site for information on oil and gas exploration and oil and gas investments .
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