News

WASHINGTON, January 17, 2013 – Oil well drilling trends continue to rise in the fourth quarter of 2012 with exploratory and development wells showing a 15% and 16% increase from 2011’s fourth quarter figures, respectively, according to API's 2012 Quarterly Well Completion Report: Fourth Quarter.

WASHINGTON, January 17, 2013 – API Chief Economist John Felmy told reporters this morning that exporting some of the nation’s massive natural gas resources would spur additional energy production, job creation and economic growth and that the U.S. Department of Energy should promptly approve pending applications for authorization to export natural gas.

WASHINGTON, January 15, 2013 – API Refining Senior Manager Cindy Schild told reporters this morning that API was launching a new television ad to highlight the importance of the nation’s refining industry.

WASHINGTON, January 10, 2013 – API President and CEO Jack Gerard called new coalition efforts to restrict exports of liquefied natural gas (LNG) misguided and warned that restricting trade would have negative impacts on the U.S. economy and American families.

WASHINGTON, January 8, 2013 – API President and CEO Jack Gerard told reporters and Washington guests attending API’s State of American Energy event today that through massive investments in energy the U.S. oil and natural gas industry was providing solutions to pressing issues impacting the nation’s economic future.