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Outlook

Landmen will continue to be needed to explore properties that have potential to generate oil, gas, minerals, and other resources for fuel. Oil and gas companies are expected to continue exploration efforts in the coming years to find oil and natural gas deposits trapped in shale rock. The recent introduction of horizontal drilling techniques and hydraulic fracturing has also strengthened America's position in the global petroleum industry. The market research group IBISWorld reports that the oil, gas, and mining consultants industry experienced nearly 2.7 percent annual growth from 2013 to 2018, with revenues increasing 5.9 percent in 2018 alone. Factors contributing to this growth are the strengthening economy and increased development of natural gas exploration and production. Natural gas companies, energy companies, and renewable energy companies may offer more opportunities for landmen in the future, as more money is being invested in researching alternative energy sources.

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