Exploration and Production

America needs a balanced energy policy that promotes energy efficiency, conservation and greater supplies of all forms of energy, including domestic oil and natural gas.

The development of America’s vast domestic oil and natural gas resources that had been kept off-limits by Congress for decades could generate more than $1.7 trillion in government revenue, create thousands of new jobs and enhance the nation’s energy security by significantly boosting domestic production, a study released Monday shows.

Explore the interactive leasing timeline to learn more about the industry's path to resources.

Learn about the oil and natural gas exploration market's benefits for you.

Oil and natural gas from federal lands and waters is critical to meeting the nation’s energy needs, providing approximately 30 percent of all oil and 38 percent of all natural gas produced in the United States. In terms of future production potential:

In an energy interdependent world, we need common sense energy policies that provide access to conventional energy supplies, encourage energy efficiency, and promote continued development of new energy technologies.