Oil and Gas Industry Quiz

How much do you know about oil and gas? Test your knowledge with our oil and gas industry quiz. Answers are multiple choice (MCQS). Take a sheet of paper and write down your answers. When you have finished answering all the oil and gas trivia questions, please Like, Share, or Tweet the post and share with others how you scored. Have fun and tell your industry friends about the quiz too!

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Oil and Gas Trivia Questions

1. Fill in the blank:  ___________ is steel pipe that screws together and is lowered into the hole after drilling is complete. It is used to seal off fluids and keeps the hole from caving in.

a. Flow Line

b. Surface Pipe

c. Casing

d. Tubing

2. On January 10, 1901, a gusher erupted in an oil well being drilled near Beaumont, Texas by mining engineer, Captain A. F. Lucas. This gusher spewed oil for nine days before it was brought under control. What was the name of the hill where this well was located?

a. Hill 937

b. Bakken

c. Spindletop

d. Eagle Ford

3. Who is the oil well firefighter made famous in the 1968 film Hellfighters starring John Wayne?

a. Red Buttons

b. “Boots” Hansen

c. “Coots” Matthews

d. Red Adair

4. What is the name of the equipment pictured to the right?

a. Blowout Preventer

b. Gate Valve

c. Containment Dike

d. Flow Line

5. What is the name of the formation that occupies approximately 200,000 square miles of the subsurface of the Williston Basin and is beneath parts of Montana, North Dakota, Saskatchewan, and Manitoba?

a. Big Valley

b. Bakken

c. Spearfish

d. Torquay

6. What is the dominant component of natural gas?

a. Oxygen

b. Hydrogen

c. Methane

d. Nitrogen

7. What is the size of a standard barrel of oil in gallons?

a. 55

b. 42

c. 159

d. 26

8. Which country is NOT currently a member of OPEC?

a. Saudi Arabia

b. Angola

c. Nigeria

d. Brazil

9. What country was the top oil producing country in 2021?

a. Saudi Arabia

b. Russia

c. United States

d. China

10. About how many gallons of gasoline are produced from one barrel of crude oil?

a. 55

b. 19

c. 42

d. 5

11. What is the top oil-producing state in the United States as of May 2022?

a. Colorado

b. North Dakota

c. New Mexico

d. Texas

12. As of March 2022, which state in the United States had the highest effective gasoline tax?

a. California

b. Illinois

c. New Jersey

d. Pennsylvania

13. What is the date that drilling begins on a well known as?

a. Start Date

b. Spud Date

c. Drill Date

d. Cap Date

14. What is a well drilled in an area without previous oil or gas production known as?

a. Wildcat

b. Tomcat

c. Newbie

d. Offset Well

15. What state in the United States has the most operating oil refineries as of 2022?

a. Louisiana

b. Texas

c. North Dakota

d. California

16. Which U.S. governmental agency is responsible for worker safety in the oil and gas industry?

a. BLM – Bureau of Land Management

b. USSC – United States Safety Council

c. OSHA – Occupational Safety and Health Administration

d. FDA – Food and Drug Administration

17. Fill in the blank: ________________ is an individual or legal entity allowed to invest in securities that are not registered with the SEC.

     a. A stock broker

     b. A financial advisor

     c. An elite investor

     d. An accredited investor

18. Regarding U.S. tax treatment, what are the expenses called that are associated with the physical aspects of of drilling for oil and natural gas?

     a. Tangible Drilling Costs (TDC)

     b. Depletion Allowance (DA)

     c. Intangible Drilling Costs (IDC)

     d. Physical Drilling Costs (PDC)

19. What is the term that describes the exploration and production (E&P) phase of the oil and gas industry?

     a. Downriver

     b. Upstream

     c. First phase

     d. Up path

20. What is a well called that has been drilled but is not yet in production?

     a. Spud

     b. Abandoned

     c. DUC

     d. Short

More Oil and Gas Trivia Questions Coming Soon!

Oil and Gas Industry Quiz Answers

1. c – casing    Click here for more info.

2. c – Spindletop    Click here for more info.

3. d – Red Adair     Click here for more info.

4. a – Blowout Preventer     Click here for more info.

5. b – Bakken     Click here for more info.

6. c – Methane     Click here for more info.

7. b – 42     Click here for more info.

8. d – Brazil     Click here for more info.

9. c – United States     Click here for more info.

10. b – 19     Click here for more info.

11. d – Texas     Click here for more info.

12. a – California     Click here for more info.

13. b – Spud Date     Click here for more info.

14. a – Wildcat     Click here for more info.

15. b – Texas     Click here for more info.

16. c – OSHA     Click here for more info.

17. d – An accredited investor     Click here for more info.

18. a – Tangible Drilling Costs (TDC)     Click here for more info.

19. b – Upstream     Click here for more info.

20. c – DUC (Drilled but Uncompleted)    Click here for more info.

 

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Oil and Gas Quiz Grades

Number of Correct Answers

15 – A+ 100% – Oil and Gas Industry Expert

 

14 – A 93%

 

13 – B+ 87%

 

12 – B 80%

 

11 – C 73%

 

10 – D 67%

 

Below 10 – F