South America / GoM

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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
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)

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

28 Sep 20
US: Devon Energy and WPX Energy to combine in merger of equals
Devon Energy and WPX Energy have entered into an agreement to combine in an all-stock merger of equals transaction. The strategic combination will create a leading unconventional oil producer in the U.S., with an asset base underpinned by a premium acreage position in the economic core of the Delaware Basin.
28 Sep 20
US: CalBio, dairy farmers and Chevron announce first RNG
California Bioenergy (CalBio), Chevron U.S.A. Inc. and local dairy farmers have announced their joint venture, CalBioGas LLC, successfully achieved first renewable natural gas (RNG) production from dairy farms in Kern County. The milestone underpins the partners’ commitment to provide affordable, reliable, and ever-cleaner energy to California consumers.
28 Sep 20
US: Mosman Oil and Gas announces Stanley-4 flowrate
AIM-listed Mosman Oil and Gas has announced an update on the development drilling recently carried out at the Stanley Project. The Operator has advised that Stanley-4 is now flowing around 155 bopd oil from a completion in the Frio sandstone at around 4,700 feet.
27 Sep 20
US: Extended offshore energy moratorium denies thousands of new American jobs and billions of dollars in potential revenue
The American Petroleum Institute (API) has issued a statement following the Trump administration’s announcement to extend the existing offshore moratorium in the Eastern Gulf of Mexico to include additional areas off the Atlantic Outer Continental Shelf (OCS) through the year 2032.
22 Sep 20
US: 88 Energy provides update on Project Peregrine on the North Slope of Alaska
88 Energy has provided an update related to Project Peregrine, on the North Slope of Alaska. Farm-out discussions at Peregrine are progressing well, with drilling planned for Q1 2021.

USA - more news

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