As home to supermajors, as well as a plethora of smaller, independent energy players, the US boasts one of the largest concentrations of energy personnel in the world. With its insatiable appetite for energy resources, the United States is the world's single largest consumer of oil, using as much as 20.73 million barrels per day as of 2008. Recently, interest has peaked in the vast quantity of untapped natural gas resources in the US, the reserves of which were inventoried in 2008 at 238 Tcf, with producers specifically targeting the nation's promising shale formations for this energy commodity.
Budget and cost control professionals play an important role in oil and gas projects and organizations. The goal of these individuals is to keep costs down and widen profit margins. Budgeting refers to forecasting the future costs of a specific project, or an entire fiscal year. Budgeting professionals will try to plan for every expense and come as close as possible to the actual figure. Cost control refers to containing expenses and monitoring how close to budget a project or company is. Both budgeting and cost control professionals are found in every aspect of oil and gas, and while they are most closely associated with the design and construction phase, they continue to monitor costs throughout a project’s life cycle.