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

05 Feb 25
US: New API report highlights broader global adoption of API standards
The American Petroleum Institute (API) has released a new report, 2025 API Standards International Usage Report, detailing the growing international influence of API standards. The report identifies where governments and standards bodies reference API standards in policies, national and international standards, and technical regulations, highlighting the paramount role of API standards in advancing safety, sustainability, and efficiency across the global natural gas and oil industry.
03 Feb 25
US: Ovintiv announces closing of Montney asset acquisition
Ovintiv has closed the previously announced acquisition of certain Montney assets from Paramount Resources. The acquisition adds approx. 70,000 barrels of oil equivalent per day of production. The purchase price at closing is approx. $2.307 billion (C$3.325 billion).
03 Feb 25
US: Crescent Energy closes accretive Central Eagle Ford bolt-on
Crescent Energy has announced the closing of its acquisition of Central Eagle Ford assets from Ridgemar Energy for upfront consideration of $905 million.
30 Jan 25
US: Upstream M&A climbs to $105 billion in 2024 - Enverus
Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released its summary of Q4 and full-year 2024 upstream M&A activity. The year closed with $105 billion in U.S. upstream deals, the third highest total tracked by Enverus.
30 Jan 25
US: Baker Hughes announces major gas technology orders for Venture Global LNG
Baker Hughes has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States. In addition, Baker Hughes signed a multi-year services frame agreement, including maintenance, inspection, repairs and engineering services, to support phases 1 and 2 of VG’s Plaquemines LNG project in Louisiana.

USA - more news

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