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

17 Jun 24
US: BOEM releases Studies Development Plan for fiscal years 2025 and 2026
As part of the Bureau of Ocean Energy Management’s (BOEM) commitment to acquire and use the highest quality scientific information in its decision making, the bureau has released its FY2025-2026 Studies Development Plan (SDP). The SDP is a key component of BOEM’s rigorous planning, review and procurement process to meet the nation's research needs to inform Outer Continental Shelf (OCS) environmental analyses.
14 Jun 24
US: Zephyr Energy to commence State 36-2R production test
Zephyr Energy, the Rocky Mountain oil and gas company, has provided an update on operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S. Testing is expected to commence within two weeks and is expected to take less than ten days to complete.
14 Jun 24
US: Aramco and NextDecade announce Heads of Agreement for offtake of LNG from Rio Grande LNG facility
Aramco, one of the world’s leading integrated energy and chemicals companies, and NextDecade Corporation have announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement (LNG SPA) for offtake from Train 4 at the Rio Grande LNG Facility at the Port of Brownsville, Texas, USA.
13 Jun 24
US: Ørsted completes construction of combined wind and solar project in Texas
Ørsted has announced the completion of Helena Energy Center, a 518 MW combined wind and solar project located in Bee County, South Texas. The wind and solar centre is now fully operational and will generate enough renewable energy to power over 110,000 Texan homes and businesses annually.
12 Jun 24
US: Matador Resources Company announces strategic bolt-on Delaware Basin acquisition
Matador Resources Company has entered into a definitive agreement to acquire a subsidiary of Ameredev, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas. The consideration for the Ameredev acquisition will consist of a cash payment of $1.905 billion.

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