# Upstream vs. Midstream vs. Downstream Oil & Gas Explained
> **Breadcrumb:** Home › Oil & Gas Glossary › Upstream, Midstream & Downstream

> The oil & gas industry splits into three segments: upstream (exploration & production), midstream (transport & storage), and downstream (refining & marketing).

**URL:** https://www.buckheadenergy.com/learn/upstream-midstream-downstream
**Source:** Buckhead Energy (https://www.buckheadenergy.com/)
**Generated:** 2026-06-18 (heuristic; server-side extraction)

## Page Outline
- Upstream, Midstream and Downstream Oil & Gas
  - The three segments
  - Related reading
  - Frequently asked questions
  - Ready to Sell Your Mineral Rights?

## Related Pages
- [How are oil & gas royalties calculated](https://www.buckheadenergy.com/resources/how-are-oil-gas-royalties-calculated)
- [Reading your royalty statement](https://www.buckheadenergy.com/2026/reading-royalty-statement)
- [Net revenue interest (NRI)](https://www.buckheadenergy.com/learn/net-revenue-interest)

## About Buckhead Energy
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