News

WASHINGTON, December 29, 2009 - American Petroleum Institute President and CEO Jack Gerard issued the following statement on Virginia Governor-elect Bob McDonnell’s letter to Interior Secretary Salazar, urging the Interior Department to allow leasing, without delay, in federal waters off Virginia’s coast:

WASHINGTON, October 5, 2009 - American Petroleum Institute President Jack Gerard today issued the following statement following the Supreme Court’s decision not to hear the Anadarko Petroleum (then Kerr McGee) case regarding royalty collection under the Deepwater Royalty Relief Act:

WASHINGTON, October 1, 2009 - The American Petroleum Institute issued the following statement today concerning the Supplemental Generic Environmental Impact Statement for natural gas production issued by the state of New York yesterday:

WASHINGTON, April 15, 2009 - First-quarter U.S. oil and natural gas drilling activity dipped to levels not seen since 2004, marking the end of six consecutive years of first-quarter growth, new estimates from the American Petroleum Institute show.

WASHINGTON, April 2, 2009 – The American Petroleum Institute today issued the following statement on the U.S. Geological Survey increasing by 53 percent the resource estimate for Piceance Basin oil shale:

WASHINGTON, February 23, 2009 - Most American voters support increasing access to domestic offshore oil and natural gas resources and would oppose any new laws or regulations that blocked development of those national resources, according to a poll released today.

WASHINGTON, February 4, 2009 – The American Petroleum Institute issued the following statement today from its President Jack Gerard regarding the Department of Interior’s decision to cancel leases on 77 parcels of land in Utah:

WASHINGTON, January 13, 2009 – American Petroleum Institute President and CEO Jack Gerard today issued the following statement in the wake of a federal appeals court’s decision finding for Anadarko Petroleum in a case regarding royalty collection:

WASHINGTON, January 13, 2009 – Drilling activity in the U.S. exploration and production industry continued on a steady climb at twice the level of activity in the 1990s, according to API’s fourth quarter 2008 drilling estimates. According to API’s 2008 Quarterly Well Completion Report: Fourth Quarter, an estimated 16,451 oil wells, natural gas wells and dry holes were completed in the fourth quarter of 2008, up 19 percent from 2007’s fourth quarter.

WASHINGTON, January 9, 2009 —Oil and natural gas industry spending on drilling and equipping wells in the United States surged again in 2007, hitting an all-time record high of $226.4 billion, more than double the previous record of $109.8 billion set in 2006.