Exploration & Production
The U.S. is the world’s leading oil and natural gas producer, thanks to the American energy renaissance. Without access to our nation’s vast oil and gas resources and technological advances in hydraulic fracturing and horizontal drilling, this would not be a reality. Increased output here at home has made the U.S. stronger economically and also increased America’s security in the world. A number of policies and actions would support America’s continued energy progress – none more important than increasing access to oil and natural gas reserves in federally-controlled areas, both onshore and offshore.
According to a report by the Congressional Research Service, between 2010 and 2015 the percentage of the nation’s crude oil produced on federal lands has decreased from 35.7 percent to 21 percent. Why? Because short-sighted regulations that limit access to our nation’s oil and gas resources hinder energy development. A consistent, forward-thinking regulatory framework that prioritizes regularly scheduled lease sales is necessary to enhance U.S. energy security and maintain America’s position as a global energy superpower.
The number of issued federal onshore drilling permits fell 47 percent from 2008 to 2015, according to the Bureau of Land Management. Offshore, the Obama administration’s move to withdraw tens of millions of acres from development in the Atlantic and Arctic oceans means that 94 percent of federally-controlled offshore acreage would be off limits to energy development. Alaska is home to some of the largest oil and natural gas reserves in the United States. An estimated 30 percent of the nation’s known recoverable offshore resources are in Alaska’s waters. However, 61 percent of Alaska’s land is controlled by the federal government, which has created one obstacle after another to energy development. Even promising areas specifically established under federal policy as energy development zones remain largely off limits.
Increasing access to onshore and offshore energy reserves is essential to extend the benefits of America’s energy renaissance, helping consumers, manufacturers and the environment; all while ensuring a secure, stable supply of the energy we depend on every day.
- Energy & Communities: Prioritizing Safety, Health and Environmental Stewardship
- Wells to Consumers – Exploration and Production
- Press Releases
- Testimony & Speeches
- Letters & Comments
- Blog Posts
In 2018, API commissioned Mangum Economics to prepare a study on the economic and fiscal contribution that the development of offshore oil and natural gas resources could make to the Virginia Beach Metropolitan Statistical Area (MSA).
In 2017, API commissioned a series of regional economic studies by Calash and Northern Economics to provide independent evaluations of the potential impacts of the development of America’s offshore oil and natural gas resources in the OCS, if the current restrictions were lifted.
Offshore energy development has co-existed in the Gulf of Mexico with military activities, tourism industry, commercial fishing industry, and coastal communities’ activities for over fifty years. The Department of the Interior (DOI) and the Department of Defense (DOD) have decades of experience in working together to facilitate the needs of both departments, including current procedures which adequately allow for military activities and offshore oil and gas development. An integral part of the DOI’s process for developing the five-year National Offshore Leasing Plan is to solicit input from the DOD on the level of compatibility between future military activities and areas where oil and natural gas occur in order for safe offshore development to move forward.
Exploration is the process of trying to find accumulations of oil and natural gas trapped under the Earth’s surface. Production is the process of recovering those hidden resources for processing, marketing and use. Access to oil and natural gas resources is critical to supplying the energy needs of American consumers, business and homeowners. For more information, see Oil & Natural Gas/Exploration and Production.