News

WASHINGTON, January 22, 2013 ─ American Petroleum Institute Executive Vice President Marty Durbin welcomed Governor Dave Heineman’s approval of the Nebraska Department of Environmental Quality’s assessment of the Keystone XL pipeline reroute in Nebraska.

WASHINGTON, January 18, 2013 – API President and CEO Jack Gerard welcomed the Bureau of Land Management decision to take proposed federal hydraulic fracturing regulations back to the drawing board.

WASHINGTON, January 18, 2013 – Total U.S. petroleum deliveries (a measure of demand) were down 2.0 percent for 2012 compared with 2011 – and were at the lowest annual level in 16 years. They also were down 2.1 percent in December against a year ago. Year over year declines were seen in all months in 2012 except for May. Monthly Statistical Report, Petroleum Facts at a Glance, Monthly Import Statistics for October 2012 (latest available).

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 14, 2013 ─ API today announced the addition of Brian Straessle to its media relations team.

WASHINGTON, January 10, 2013 – API Vice President for Policy and Economic Analysis Kyle Isakower told reporters this morning that an IHS study shows that future unconventional oil and natural gas development will generate large numbers of jobs and new revenue for government in nearly every state.

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.