News

WASHINGTON, February 1, 2010 – American Petroleum Institute President Jack Gerard today issued the following statement on provisions included in the FY 2011 budget submitted to Congress that are aimed at imposing new taxes on the oil and natural gas industry:

WASHINGTON, January 28, 2010 – American Petroleum Institute President and CEO Jack Gerard issued the following statement today on the State of the Union address:

WASHINGTON, January 27, 2010 – The American Petroleum Institute offered the following comments today responding to allegations that API President and CEO Jack Gerard misrepresented facts about oil and natural gas leasing:

WASHINGTON, January 15, 2010 – Total petroleum deliveries (a measure of demand) for December inched up 0.6 percent from December 2008, reflecting an improved economy and possibly increased demand from colder weather. December deliveries, which averaged 19.3 million barrels per day, outpaced both four-quarter average deliveries of 19.0 million barrels per day and full-year average deliveries of 18.7 million barrels per day.

Monthly Statistical Report for December

WASHINGTON, January 14, 2010 – The estimated number of U.S. oil and natural gas wells and dry holes completed in 2009 – 39,068 -- was 37 percent lower than 2008, but fourth-quarter totals of 10,609 completions were 19 percent higher than the third quarter, which in turn had been up 6 percent from the second quarter, API’s fourth-quarter drilling estimates indicate.

WASHINGTON, January 13, 2010 – American Petroleum Institute President and CEO Jack Gerard delivered the following remarks at the United States Energy Association’s 6th Annual State of the Energy Industry conference in Washington, D.C.:

WASHINGTON, January 6, 2010 - American Petroleum Institute President and CEO Jack Gerard issued the following statement on Interior Secretary Ken Salazar’s announcement that he would impose additional regulatory hurdles before allowing companies to drill for oil and gas on federal lands: