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id="menu-item-4008" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4008 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/frequently-asked-questions/"><span class="ubermenu-target-title ubermenu-target-text">Frequently Asked Oil and Gas Questions</span></a></li><li id="menu-item-4001" class="ubermenu-item ubermenu-item-type-post_type ubermenu-item-object-page ubermenu-item-4001 ubermenu-item-auto ubermenu-item-normal ubermenu-item-level-1"><a class="ubermenu-target ubermenu-item-layout-default ubermenu-item-layout-text_only" href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/"><span class="ubermenu-target-title ubermenu-target-text">Oil and Gas Facts – #QuickFacts</span></a></li><li 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</div> </header><div id="rotator"> <div class="container"> <div class="row"> <div class="col-md-12 margintoptwo"> <h1>Oil and Gas Industry Quiz</h1> </div> </div> </div> </div> <script type="text/javascript"> var imgCount = 7; var dir = 'https://web.archive.org/web/20180124132822/http://www.arescotx.com/bgimages/'; var randomCount = Math.round(Math.random() * (imgCount - 1)) + 1; var images = new Array images[1] = "01.jpg", images[2] = "02.jpg", images[3] = "03.jpg", images[4] = "04.jpg", images[5] = "05.jpg", images[6] = "06.jpg", images[7] = "07.jpg", document.getElementById("rotator").style.backgroundImage = "url(" + dir + images[randomCount] + ")"; </script> <div class="container content"> <div class="row"> <div class="col-lg-9 col-md-9 recent"> <p><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/wp-content/uploads/oil-quiz.png" rel="attachment wp-att-9989" data-rel="lightbox-0" title=""><img class="alignleft size-medium wp-image-9989" src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-quiz-300x130.png" alt="Oil and Gas Quiz" width="300" height="130" srcset="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-quiz-300x130.png 300w, https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-quiz.png 600w" sizes="(max-width: 300px) 100vw, 300px"/></a>How much do you know about oil and gas? Test your knowledge with our oil and gas industry quiz. Answers are multiple choice. Take a sheet of paper and write down your answers. When you have finished answering all the trivia questions, just Like, Share, or Tweet the post below and it will unlock the quiz answers. Have fun and tell your industry friends about the quiz too.</p> <hr> <p>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.</p> <p style="padding-left: 30px;">a. Flow Line</p> <p style="padding-left: 30px;">b. Surface Pipe</p> <p style="padding-left: 30px;">c. Casing</p> <p style="padding-left: 30px;">d. Tubing</p> <p>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?</p> <p style="padding-left: 30px;">a. Hill 937</p> <p style="padding-left: 30px;">b. Bakken</p> <p style="padding-left: 30px;">c. Spindletop</p> <p style="padding-left: 30px;">d. Eagle Ford</p> <p>3. Who is the oil well firefighter made famous in the 1968 film Hellfighters starring John Wayne?</p> <p style="padding-left: 30px;">a. Red Buttons</p> <p style="padding-left: 30px;">b. “Boots” Hansen</p> <p style="padding-left: 30px;">c. “Coots” Matthews</p> <p style="padding-left: 30px;">d. Red Adair</p> <p><img class="alignright wp-image-9788" src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-and-gas-quiz-4-300x265.jpg" alt="Oil and Gas Industry Quiz - Question 4" width="200" height="177" srcset="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-and-gas-quiz-4-300x265.jpg 300w, https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-and-gas-quiz-4.jpg 500w" sizes="(max-width: 200px) 100vw, 200px"/>4. What is the name of the equipment pictured to the right?</p> <p style="padding-left: 30px;">a. Blowout Preventer</p> <p style="padding-left: 30px;">b. Gate Valve</p> <p style="padding-left: 30px;">c. Containment Dike</p> <p style="padding-left: 30px;">d. Flow Line</p> <p>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?</p> <p style="padding-left: 30px;">a. Big Valley</p> <p style="padding-left: 30px;">b. Bakken</p> <p style="padding-left: 30px;">c. Spearfish</p> <p style="padding-left: 30px;">d. Torquay</p> <p>6. What is the dominant component of natural gas?</p> <p style="padding-left: 30px;">a. Oxygen</p> <p style="padding-left: 30px;">b. Hydrogen</p> <p style="padding-left: 30px;">c. Methane</p> <p style="padding-left: 30px;">d. Nitrogen</p> <p>7. What is the size of a standard barrel of oil in gallons?</p> <p style="padding-left: 30px;">a. 55</p> <p style="padding-left: 30px;">b. 42</p> <p style="padding-left: 30px;">c. 159</p> <p style="padding-left: 30px;">d. 26</p> <p>8. Which country is NOT currently a member of OPEC?</p> <p style="padding-left: 30px;">a. Saudi Arabia</p> <p style="padding-left: 30px;">b. Angola</p> <p style="padding-left: 30px;">c. Nigeria</p> <p style="padding-left: 30px;">d. Brazil</p> <p>9. What country was the top oil producing country in 2015?</p> <p style="padding-left: 30px;">a. Saudi Arabia</p> <p style="padding-left: 30px;">b. Russia</p> <p style="padding-left: 30px;">c. United States</p> <p style="padding-left: 30px;">d. China</p> <p>10. About how many gallons of gasoline are produced from one barrel of crude oil?</p> <p style="padding-left: 30px;">a. 55</p> <p style="padding-left: 30px;">b. 19</p> <p style="padding-left: 30px;">c. 42</p> <p style="padding-left: 30px;">d. 5</p> <p>11. What is the top oil-producing state in the United States as of 2016?</p> <p style="padding-left: 30px;">a. Alaska</p> <p style="padding-left: 30px;">b. North Dakota</p> <p style="padding-left: 30px;">c. Oklahoma</p> <p style="padding-left: 30px;">d. Texas</p> <p>12. As of February 2016, which state in the United States had the highest effective gasoline tax?</p> <p style="padding-left: 30px;">a. California</p> <p style="padding-left: 30px;">b. Hawaii</p> <p style="padding-left: 30px;">c. New York</p> <p style="padding-left: 30px;">d. Pennsylvania</p> <p>13. What is the date that drilling begins on a well known as?</p> <p style="padding-left: 30px;">a. Start Date</p> <p style="padding-left: 30px;">b. Spud Date</p> <p style="padding-left: 30px;">c. Drill Date</p> <p style="padding-left: 30px;">d. Cap Date</p> <p>14. What is a well drilled in an area without previous oil or gas production known as?</p> <p style="padding-left: 30px;">a. Wildcat</p> <p style="padding-left: 30px;">b. Tomcat</p> <p style="padding-left: 30px;">c. Newbie</p> <p style="padding-left: 30px;">d. Offset Well</p> <p>15. What state in the United States has the most operating oil refineries as of 2015?</p> <p style="padding-left: 30px;">a. Louisiana</p> <p style="padding-left: 30px;">b. Texas</p> <p style="padding-left: 30px;">c. North Dakota</p> <p style="padding-left: 30px;">d. California</p> <p><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/contact-us/" rel="attachment wp-att-9280"><img class="aligncenter size-full wp-image-9280" src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/gulf-coast-oil-investment-opportunities.gif" alt="Gulf Coast Oil Investment Opportunities" width="728" height="40"></a></p> <h3>Oil and Gas Industry Quiz Answers</h3> <div class="onp-locker-call" style="display: none;" data-lock-id="onpLock600926"> <p> 1. <strong>c</strong> – casing    <a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/" target="_blank">Click here</a> for more info.</p> <p>2. <strong>c</strong> – Spindletop    <a href="https://web.archive.org/web/20180124132822/http://texasalmanac.com/topics/business/history-oil-discoveries-texas" target="_blank">Click here</a> for more info.</p> <p>3. <strong>d</strong> – Red Adair     <a href="https://web.archive.org/web/20180124132822/https://en.wikipedia.org/wiki/Hellfighters_%28film%29" target="_blank">Click here</a> for more info.</p> <p>4. <strong>a</strong> – Blowout Preventer     <a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/photos-videos/what-is-a-blowout-preventer/" target="_blank">Click here</a> for more info.</p> <p>5. <strong>b</strong> – Bakken     <a href="https://web.archive.org/web/20180124132822/https://en.wikipedia.org/wiki/Bakken_Formation" target="_blank">Click here</a> for more info.</p> <p>6. <strong>c</strong> – Methane     <a href="https://web.archive.org/web/20180124132822/https://en.wikipedia.org/wiki/Natural_gas" target="_blank">Click here</a> for more info.</p> <p>7. <strong>b</strong> – 42     <a href="https://web.archive.org/web/20180124132822/https://sizes.com/units/barrel_petr.htm" target="_blank">Click here</a> for more info.</p> <p>8. <strong>d</strong> – Brazil     <a href="https://web.archive.org/web/20180124132822/https://en.wikipedia.org/wiki/OPEC" target="_blank">Click here</a> for more info.</p> <p>9. <strong>c</strong> – United States     <a href="https://web.archive.org/web/20180124132822/http://money.cnn.com/interactive/news/economy/worlds-biggest-oil-producers/" target="_blank">Click here</a> for more info.</p> <p>10. <strong>b</strong> – 19     <a href="https://web.archive.org/web/20180124132822/https://www.eia.gov/tools/faqs/faq.cfm?id=327&t=9" target="_blank">Click here</a> for more info.</p> <p>11. <strong>d</strong> – Texas     <a href="https://web.archive.org/web/20180124132822/http://247wallst.com/special-report/2015/07/13/the-10-most-oil-rich-states-2/4/" target="_blank">Click here</a> for more info.</p> <p>12. <strong>d</strong> – Pennsylvania     <a href="https://web.archive.org/web/20180124132822/http://247wallst.com/special-report/2016/02/04/states-with-the-highest-and-lowest-gas-taxes-2/11/" target="_blank">Click here</a> for more info.</p> <p>13. <strong>b</strong> – Spud Date     <a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/" target="_blank">Click here</a> for more info.</p> <p>14. <strong>a</strong> – Wildcat     <a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/" target="_blank">Click here</a> for more info.</p> <p>15. <strong>b</strong> – Texas     <a href="https://web.archive.org/web/20180124132822/http://247wallst.com/special-report/2015/07/13/the-10-most-oil-rich-states-2/4/" target="_blank">Click here</a> for more info.</p> <p></p> </div> <p><a href="https://web.archive.org/web/20180124132822/https://www.facebook.com/arescolp/" target="_blank"><img class="aligncenter wp-image-17060 size-full" src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/follow-aresco-on-facebook.png" sizes="(max-width: 728px) 100vw, 728px" 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height="614" srcset="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-quiz-02.png 450w, https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/uploads/oil-quiz-02-220x300.png 220w" sizes="(max-width: 450px) 100vw, 450px"/></a>Oil and Gas Quiz Grades</h4> <p>Number of Correct Answers</p> <p>15 – A+ 100% – Oil and Gas Industry Expert</p> <p> </p> <p>14 – A 93%</p> <p> </p> <p>13 – B+ 87%</p> <p> </p> <p>12 – B 80%</p> <p> </p> <p>11 – C 73%</p> <p> </p> <p>10 – D 67%</p> <p> </p> <p>Below 10 – F</p> <p> </p> <p> </p> </div> <div class="col-lg-3 col-md-3 sidebar"> <p class="titles"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/">Oil and Gas Education and Resources</a></p> <ul> <li class="page_item page-item-6341"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/self-directed-iras/">Self-Directed IRAs Alternative Investments</a></li> <li class="page_item page-item-4004"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/frequently-asked-questions/">Frequently Asked Oil and Gas Questions</a></li> <li class="page_item page-item-3213"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-quickfacts/">Oil and Gas Facts – #QuickFacts</a></li> <li class="page_item page-item-30"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/oil-and-gas-glossary/">Oil and Gas Glossary of Terms</a></li> <li class="page_item page-item-2349"><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/og-education-resources/common-abbreviations/">Common Abbreviations</a></li> <li class="page_item page-item-9777 current_page_item"><a 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Such offer may only be made by a written prospectus in a jurisdiction wherein the offering is duly registered or exempt therefrom. This content is provided for informational purposes only. Nothing herein shall be construed as tax, legal, or accounting advice. Investing in oil and gas is highly speculative and could result in substantial losses. There are no guarantees that any returns will be achieved. Potential investors should consult their attorney, accountant, and financial advisors before investing in oil and gas.</p> </center> </div> </div> <div class="row" style="margin-top:20px;"> <div class="col-lg-6 col-md-6 col-sm-6"> <h3>Aresco LP</h3> <p>181 S Main Street, Suite 100 Prosper, TX 75078<br> Phone: 972-992-3127 / Fax: 972-992-3137</p> </div> <div class="col-lg-6 col-md-5 col-sm-6 copyright"> <p style="text-align: right"><a href="https://web.archive.org/web/20180124132822/https://www.facebook.com/Aresco-510139499068554/" target="_blank"><img src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/facebook.png" width="32" height="32" alt="Facebook" class="social"></a><a href="https://web.archive.org/web/20180124132822/https://twitter.com/ArescoLP" target="_blank"><img src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/twitter.png" width="32" height="32" alt="Twitter" class="social"></a><a href="https://web.archive.org/web/20180124132822/https://www.linkedin.com/company/aresco-lp" target="_blank"><img src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/linked-in.png" width="32" height="32" alt="LinkedIn" class="social"></a><a href="https://web.archive.org/web/20180124132822/http://www.arescotx.com/feed/" target="_blank"><img src="https://web.archive.org/web/20180124132822im_/http://www.arescotx.com/wp-content/themes/aresco2016/images/rss.png" width="32" height="32" alt="RSS" class="social"></a></p> <p>© Copyright 2018 Aresco, LP. 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