Bob McCarty Writes

News that the Central Gulf of Mexico Oil and Gas Lease Sale 213, held today in New Orleans, attracted nearly $1 billion in high bids, according to the Department of the Interior’s Minerals Management Service, had leaders in the nation’s oil and natural gas industry excited and calling upon the federal government to replicate the [...]

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The American Petroleum Institute released the following statement today on two letters — one from 20 governors, the other from 98 business groups — asking Congress to prevent the U.S. Environmental Protection Agency (EPA) from issuing greenhouse gas emission rules:
The letters indicate broad-based, growing concern from both state governments and business and industry about the [...]

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In testimony delivered in Houston today, officials with the American Petroleum Institute said the U.S. Environmental Protection Agency’s proposed new ozone pollution standards would exact significant costs on consumers, jobs and the economy without delivering commensurate benefits.  Furthermore, they said there was no solid scientific justification for imposing the more stringent standards.

“Without a clear certain [...]

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Along with reporters from the Wall Street Journal, New York Times and a slew of other household-name media outlets, I was invited to participate in a conference call hosted by American Petroleum Institute President Jack Gerard at 10 o’clock Central this morning.  Unfortunately, I was juggling several items and was unable to pay as close [...]

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While the estimated number of U.S. oil and natural gas wells and dry holes completed in 2009 – 39,068 — was 37 percent lower than 2008, according to officials at the American Petroleum Institute, there is some good news in the Oil Patch.
Fourth-quarter totals of 10,609 completions were 19 percent higher than the third quarter, [...]

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