WTI Crude
48.61
Brent Crude
50.78
Natural Gas
3.24

Houston Oil & Gas Convention

Houston, TX • George R. Brown Convention Center • September 13-14, 2016
1001 Avenida De Las Americas, Houston, TX 77010

 

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-251Days -17Hours -4Minutes -16Seconds

Houston is the U.S. energy headquarters and a world center for virtually every segment of the oil and gas industry including exploration, production, transmission, marketing, supply and technology. Houston is known as the “Energy Capital of the World.” More than 3,700 energy-related establishments are located within the Houston Metropolitan Statistical Area, including houstonmsamore than 500 exploration and production firms, more than 150 pipeline transportation establishments and hundreds of manufacturers and wholesalers of energy-sector products. Houston is home to 40 of the nation’s 134 publicly traded oil and gas exploration and production firms, including 10 of the top 25; nine more among the top 25 have subsidiaries, major divisions or other significant operations in the Houston area.

The nine refineries in the Houston region process more than 2.3 million barrels of crude oil per calendar day – approximately 50 percent of the state’s total production and 13.2 percent of the total U.S. capacity. The logistics for moving much of the nation’s petroleum and natural gas across the country are controlled from Houston. Fifteen of the nation’s 20 largest US interstate oil pipeline companies have a presence in the Houston region that includes corporate or divisional headquarters or ownership interests. These 15 control 66,746 miles, or 44 percent of all U.S. oil pipeline capacity.

Thirteen of the nation’s top 20 natural gas transmission companies have corporate or divisional headquarters in Houston, controlling 103,108 miles of U.S. pipeline, which is 52 percent of the total U.S. natural gas pipeline capacity. Houston is the Permanent Secretariat of the World Energy Cities Partnership (WECP), a collaboration among 19 energy cities worldwide providing a platform for information exchange, networking and public relations.

It’s easy to say that Houston is the North American hub for anything and everything energy related.

RefineryHouston is recognized worldwide for its energy industry—particularly for oil and natural gas. The Houston Ship Channel is a large part of Houston’s economic base. Because of this, Houston is designated as a global city by the Globalization and World Cities Study Group and Network and global management consulting firm A.T. Kearney. The Houston area is the top U.S. market for exports, surpassing New York City in 2013, according to data released by the U.S. Department of Commerce’s International Trade Administration. In 2012, the Houston–The Woodlands–Sugar Land area recorded $110.3 billion in merchandise exports. Petroleum products, chemicals, and oil and gas extraction equipment accounted for roughly two-thirds of the metropolitan area’s exports last year. The top three destinations for exports were Mexico, Canada, and Brazil.

The Houston area is a leading center for building oilfield equipment. Much of its success as a petrochemical complex is due to its busy ship channel, the Port of Houston. In the United States, the port ranks first in international commerce and 10th among the largest ports in the world. Unlike most places, high oil and gasoline prices are beneficial for Houston’s economy, as many of its residents are employed in the energy industry. Houston is the beginning or end point of numerous oil, gas and products pipelines.


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