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Energy Tomorrow Blog

Graphically Speaking: Producing Oil on Federal Lands

oil production  federal onshore lease  federal leases 

Mark Green

Mark Green
Posted January 24, 2012

One of the most important things to know about producing oil on federal lands is that it takes time. Lots of it. As this chart developed by API illustrates, it’s up to a decade from the time a lease is won at auction to the first actual production of oil. If you include pre-lease sale studies and evaluation, which have to be done before companies bid on federal leases, that’s a couple more years.

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Drilling Safety, Energy Security

center for offshore safety  domestic energy  domestic energy security  domestic exploration  domestic production  energy supply  gulf of mexico  oil access  oil production  spill response  oil safety  oil spill prevention and response  oil spill response  oil spill prevention 

Jack Gerard

Jack Gerard
Posted May 25, 2011

Our industry's longstanding commitment to safe operations was questioned by some after last year's tragic spill in the Gulf of Mexico. Today, we have more than 20 industry groups working concurrently on improving spill prevention and response. Oil companies are committing resources in the form of dollars, time and expertise to ensure that these improvements are implemented.

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