South America / GoM

USA flag
Summary | Profile

Country profile: USA

Location: North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico
Climate: mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest
Terrain: vast central plain, mountains in west, hills and low mountains in east; rugged mountains and broad river valleys in Alaska; rugged, volcanic topography in Hawaii
Size: 9826630 sq. km total (Land area: 9161923 sq. km  Water area: 664707 sq.km)
Population: 303,824,646 (July 2008 est.)
Languages: English 82.1%, Spanish 10.7%, other Indo-European 3.8%, Asian and Pacific island 2.7%, other 0.7% (2000 census) note: Hawaiian is an official language in the state of Hawaii
Government: Constitution-based federal republic; strong democratic tradition
Capital city: Washington, DC
Legal system: federal court system based on English common law; each state has its own unique legal system, of which all but one (Louisiana, which is still influenced by the Napoleonic Code) is based on English common law
Currency: US dollar (USD)
Licensing:

Country profile

The United States of America is the world's largest energy producer, consumer, and net importer. It also ranks eleventh worldwide in reserves of oil, sixth in natural gas, and first in coal. U.S. oil production has been declining for years. In 2005, Hurricanes Katrina and Rita slashed oil output from the Gulf of Mexico. The U.S. is the world’s largest consumer and second-largest producer of natural gas. The U.S. has the world’s largest coal reserves, with the Western U.S. accounting for 55 percent of current U.S. coal production. U.S. electricity demand is increasing, as are prices.

Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783. During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions.

The two most traumatic experiences in the nation's history were the Civil War (1861-65), in which a northern Union of states defeated a secessionist Confederacy of 11 southern slave states, and the Great Depression of the 1930s, an economic downturn during which about a quarter of the labor force lost its jobs. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. The economy is marked by steady growth, low unemployment and inflation, and rapid advances in technology.

Energy production and consumption


Oil Gas
Production: 8 million bbl/day (2005 est.) 490 billion cu m (2005 est.)
Consumption: 20 million bbl/day (2005 est.) 604 billion cu m (2005 est.)
Exports: 1 million bbl/day (2005 est.) 19 billion cu m (2005 est.)
Imports: 13 million bbl/day (2005 est.) 117 billion cu m (2005 est.)
Reserves: 21 billion bbl (1 January 2006 est.) 5 trillion cu m (1 January 2006 est.)
Major fields:



USA - recent news

10 Jul 25
US: Pantheon Resources has contracted Nabors 105AC rig to drill Dubhe-1 appraisal well
Pantheon Resources, the oil and gas company developing the Kodiak and Ahpun projects located in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, confirms that the Nabors 105AC rig is contracted and is currently mobilising to the Dubhe-1 appraisal well.
09 Jul 25
US: Union Jack Oil signs farm-in agreement to acquire an interest in the Sark Drilling Project, Oklahoma, USA
Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that the Company has signed a farm-in agreement with Reach Oil and Gas Inc to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early Q3 2025, located in Central Oklahoma, USA.
04 Jul 25
US: Venture Global announces 20-year Sales and Purchase Agreement with PETRONAS
Venture Global has announced the execution of a new 20-year Sales and Purchase Agreement (SPA) with PETRONAS LNG Ltd. (PLL), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS.
02 Jul 25
US: Energy Secretary announces updated NEPA procedures to end permitting paralysis and unleash American energy
The U.S. Department of Energy (DOE) has announced new updates to the Department’s National Environmental Policy Act (NEPA) procedures, fixing the broken permitting process and delivering on President Trump’s pledge to unleash American energy dominance and accelerate critical energy infrastructure.
30 Jun 25
US: Zephyr Energy announces full year results for Y/E 31 December 2024
Zephyr Energy has announced its audited results for the year ended 31 December 2024. The Company has continued to deliver on its dual-strategy of building an income-generating non-operated asset portfolio in the Williston Basin, U.S. in parallel with the pursuit of increased value through the development of the project in the Paradox basin, Utah, U.S.

USA - more news

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