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.
Cost Engineering is the management of project cost and includes cost control, estimating, forecasting and budgeting. Cost engineers apply scientific principles and techniques to budget and plan for investment projects and monitor costs throughout the project lifecycle. A cost engineer will work to get the best balance between cost to the client, quality and timely completion of the project.