As you are probably aware, the oil and gas industry can be a highly lucrative business to be involved in. As one of the many competitors in California, one of your biggest challenges will be to strategize and come up with creative ways to stay ahead of your competition. One of your options is to collaborate with other industry leaders to form a joint operating agreement. Understanding how this type of relationship functions is critical to pursuing an agreement that is rewarding, trustworthy and successful.
The exploration of oil and gas has played an integral role in establishing an impressive economy in the United States. Without access to these natural resource, everyday life would be significantly more complicated. What many people may not realize is that exploration efforts are still in full swing in California. With the discovery of new potential sites for rigging, an added benefit is created.