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Upstream, midstream and downstream. Midstream operations are usually included in the downstream category. The upstream oil sector is a term commonly used to refer to the searching for and the recovery and production of crude oil and natural gas. The upstream oil sector is also known as the exploration and production (E&P) sector. The downstream oil sector is a term commonly used to refer to the refining of crude oil, and the selling and distribution of natural gas and products derived from crude oil.
Unconventional often refers to low permeability rock where the pores are poorly connected, making it difficult for oil and natural gas to move through the rock to the well. Unconventional oil and natural gasâshale gas in particularâhas been called the future of gas supply in North America. While its development is in the very early stages in Alberta, it has tremendous economic potential and we know that the interest in these considerable resources will increase.