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API looks forward to working with FERC on improving the pipeline permitting process

WASHINGTON, April 19, 2018 – API committed to working with the Federal Energy Regulatory Commission (FERC) as the agency seeks input from stakeholders on how to improve the pipeline permitting process.

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Record U.S. oil production fuels highest demand since 2007

WASHINGTON, APRIL 19, 2017 – Today the American Petroleum Institute reported that U.S. petroleum demand reached 20.6 million barrels per day (MBD) last month, the highest level since 2007. To satisfy demand, domestic refineries utilized 91.5 percent of their capacity – a record for the month of March – and processed 17 MBD of oil and natural gas liquids (NGLs). The U.S. also produced a record 10.4 MBD of crude oil plus another 3.9 MBD of NGLs.

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Natural gas, oil drilling and completions up more than 35 percent over 2017

WASHINGTON, April 19, 2018 –  API today released its quarterly well completion report for the first quarter of 2018 showing that natural gas and oil drilling and completions rose more than 35 percent over 2017 levels signaling the strength of the U.S. natural gas and oil industry. In addition, the success rate for exploration of natural gas and oil was more than 60 percent, the highest rate since 2009.

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