Coronavirus Update: Our team is here to help our clients and readers navigate these difficult times. Visit our Resources page now »

Skip to Main Content
Outlook

Landmen will continue to be needed to explore properties that have potential to generate oil, gas, minerals, and other resources for fuel. Oil and gas companies are expected to continue exploration efforts in the coming years to find oil and natural gas deposits trapped in shale rock. The recent introduction of horizontal drilling techniques and hydraulic fracturing has also strengthened America's position in the global petroleum industry. The market research group IBISWorld reports that the oil, gas, and mining consultants industry experienced nearly 2 percent annual growth from 2011 to 2016, and projects to increase to 3.3 percent annual growth through 2021. Factors contributing to this growth are the strengthening economy and increased development of natural gas exploration and production. Natural gas companies, energy companies, and renewable energy companies may offer more opportunities for landmen in the future, as more money is being invested in researching alternative energy sources.

Join Vault Gold to unlock this premium content

Earnings - Outlook - Resources & Associations and more

Submit a Review and Get 7 FREE DAYS of Vault Gold

Are you a student? You may have FREE access.

Vault partners with thousands of colleges, universities and academic institutions to provide students with FREE access to our premium content. To determine if your school is a partner, please enter your school email address below.

Related Professions
Featured Companies