News

WASHINGTON, October 22, 2007 – U.S. drilling estimates for the third quarter of 2007 are at twice the level of third quarter drilling activity recorded during the 1990s and the first nine months of U.S. drilling estimates haven’t been this high since 1985, API data show.

Replicating first quarter 2007 estimates, U.S. drilling estimates for the second quarter of 2007 are at twice the level of second quarter drilling activity recorded during the 1990s.

WASHINGTON, May 16, 2007 – U.S. gasoline production in April was four percent above year-ago levels as the nation’s refiners continue to squeeze more gasoline out of a barrel of crude than ever before, API data show.

WASHINGTON, April 30, 2007 – The American Petroleum Institute issued the following statement today following release of the U.S. Minerals Management Service’s new 5-year plan designating additional areas for potential oil and natural gas leasing:

WASHINGTON, April 26, 2007 – U.S. first quarter 2007 drilling estimates hit a 21-year high and were nearly twice the level of first quarter drilling activity recorded during the 1990s, API said.