How does the energy, oil and gas industry use mathematics?

Within oil exploration alone, the business of finding oil and gas is reliant on using a bunch of statistical and deterministic mathematical models to estimate the risk that a given sub-surface structure will contain oil and gas that can be produced economically. read more

Mathematics is used, for example, to estimate the volumes of oil and gas in reservoirs, to optimize the performance of wells and pumps that get the oil and gas to the surface, to improve the quality of the fossil fuel projects, and to minimize tanker transportation and final delivery costs. read more

Every industry uses energy, but three industries account for most of the total U.S. industrial sector energy consumption. The U.S. Energy Information Administration estimates that in 2016, the bulk chemical industry was the largest industrial consumer of energy, followed by the refining industry and the mining industry. read more