News

WASHINGTON, October 26, 2011 – API Vice President for Regulatory and Economic Policy Kyle Isakower briefed reporters today about an API-commissioned study by Sonecon that showed middle class Americans are principal owners of America's oil and natural gas companies:

WASHINGTON, October 19, 2011 – Oil well drilling activity continued to increase in the third quarter of 2011, according to API's 2011 Quarterly Well Completion Report: Third Quarter. The report estimates that 6,379 oil wells were completed in third quarter 2011, a 16 percent increase from year-ago levels.

WASHINGTON, September 20, 2011 – API commended EPA's approval of an air permit for the drilling vessel Noble Discoverer, which Shell plans to use in exploration drilling next year in the Chukchi Sea off northwestern Alaska.

WASHINGTON, September 19, 2011 – API President and CEO Jack Gerard said President Obama's call for higher taxes on the U.S. oil and natural gas industry would undercut efforts to create jobs:

WASHINGTON, September 15, 2011 – API Executive Vice President Marty Durbin told reporters today that more pro-development oil and natural gas policies could provide a major boost to the nation's economy and create more than one million jobs.He said the President's proposal to increase taxes on the industry in the administration's jobs plan would have the opposite result and ultimately result in lost jobs and revenue.Durbin said API would be providing its comparison of the two approaches to the budget super committee in Congress as well as to other policymakers and the public:

WASHINGTON, September 8, 2011 – As President Obama prepares to address Congress and the nation about his proposals for creating jobs, API released a copy of a letter it sent to President Obama last week reminding him that America's energy industry is critical to the success of any proposal to address the nation's unemployment problem.

WASHINGTON, September 7, 2011 – U.S. oil and natural gas policy changes could generate more than 1.4 million new jobs, $800 billion in additional government revenue, and 10 million barrels worth of added daily oil and natural gas production by 2030, according to a study by Wood Mackenzie released today by API. New jobs could be added in every state.

API: Permit process in Alaska’s Beaufort Sea shows need for greater efficiency WASHINGTON, August 4, 2011— API welcomed the news that Shell has finally received conditional approval from BOEMRE for its revised Exploration Plan for the company’s planned 2012 and 2013 drilling programs in the Alaska Outer Continental Shelf. Richard Ranger, a senior policy advisor at API, cautions that this is only a small step in what has been a multi-year permitting process:

WASHINGTON, July 27, 2011—API Executive Vice President Marty Durbin said that the oversight hearing on "State Perspectives on Offshore Revenue Sharing" in the House Committee on Natural Resources presented a promising discussion highlighting the opportunities available to increase production of American oil and natural gas resources and increase revenues for state and local governments.

WASHINGTON, May 24, 2011 – API Policy Advisor Allison Nyholm today issued the following statement regarding the United States Department of the Interior’s announcement for an advanced notice of proposed rulemaking on the simplification of royalties, which are one of the government’s largest sources of non-tax revenue: