USA Oil And Gas Profile
Related Pages
USA News
Most Recent Updates
Introduction
- The United States consumed 18.8 million barrels per day (MMbd) of petroleum products during 2011, making us the world's largest petroleum consumer.
- The United States was third in crude oil production at 5.7 MMbd.
- The United States imported 11.4 MMbd of crude oil and refined petroleum products in 2011 but also exported 2.9 MMbd of crude oil and petroleum products, so net imports (imports minus exports) equaled 8.4 MMbd.
History
- -
Regulation
- The Bureau of Land Management (BLM), within the Department of the Interior, is the federal agency responsible for overseeing oil, natural gas, and coal leasing and production on federal and Indian lands, including split estate where the federal government owns the subsurface mineral estate.
- BSEE works to promote safety, protect the environment, and conserve resources offshore through vigorous regulatory oversight and enforcement.
Upstream
- Proved oil reserves, which include crude oil and lease condensate, increased by 13 percent in 2010 to 25.2 billion barrels
- Natural gas proved reserves, estimated as "wet" gas that includes natural gas plant liquids, increased by 12 percent in 2010 to 317.6 trillion cubic feet (Tcf), the twelfth consecutive annual increase and the first year U.S. reserves surpassed 300 Tcf.
- Texas leads the Nation in crude oil production and accounts for about one-quarter of U.S. total production. Federal offshore areas of the Gulf of Mexico and the West Coast together produce a similar share. Alaska, California, and North Dakota are also leading producers of crude oil.
- For a list of Gulf of Mexico Offshore Oil and Gas Fields
- A list of Top 100 U.S. Oil and Gas Fields
- A list of Top 100 US Gas Fields
Unconventional
- The United States has seen a resurgence in petroleum production, mainly driven by technology improvements—hydraulic fracturing and directional drilling—developed for natural gas production from shale formations. Application of both of these technologies enabled natural gas to be economically produced from shale and other unconventional formations, and contributed to the United States becoming the world’s largest natural gas producer
Active Companies
- -
Crude Oils
- The world's second best known crude oil is WTI West Texas Intermediate Crude Oil a global benchmark light sweet crude
- Mars Blend Crude Oil is a heavy Gulf of Mexico crude
- Crude oil from Alaska is sold as Alaskan North Slope ANS Crude Oil
Midstream
- The U.S. natural gas pipeline network is a highly integrated transmission and distribution grid that can transport natural gas to and from nearly any location in the lower 48 States. The natural gas pipeline grid comprises:
- More than 210 natural gas pipeline systems.
- 305,000 miles of interstate and intrastate transmission pipelines
- More than 1,400 compressor stations that maintain pressure on the natural gas pipeline network and assure continuous forward movement of supplies
- More than 11,000 delivery points, 5,000 receipt points, and 1,400 interconnection points that provide for the transfer of natural gas throughout the United States.
- 24 hubs or market centers that provide additional interconnections
- 400 underground natural gas storage facilities (see map).
- 49 locations where natural gas can be imported/exported via pipelines
- 8 LNG (liquefied natural gas) import facilities and 100 LNG peaking facilities
- More details can be found in Pipelines in North America
- For specific data on the gulf, Offshore Pipelines in the Gulf of Mexico has details
LNG
- Prior to the expansion of shale gas production, a large number of LNG import projects were launched, in anticipation of a natural gas shortage.
- As the scale of shale gas production became clear, most of the projects were cancelled.
- Many of those that were actually built, are now being converted into liquifaction facilities.
- For more details see Liquified Natural Gas (LNG) in the USA
Downstream
- Texas, Louisiana, and California together account for over half of the Nation's operating crude oil refining capacity, with Texas alone possessing over one-quarter of the Nation's capacity.
- For details of US Refineries
Relevant Links
- The U.S. Energy Information Administration (EIA)
- About U.S. Natural Gas Pipelines
- Bureau of Safety and Environmental Enforcement, BSSE
page revision: 13, last edited: 03 Sep 2015 13:30