Wednesday, June 19, 2013

Oil and Gas Production on Federal Lands Declining Under Obama’s Watch

Key Findings of the Report:
  • “All of the increased production from FY2007 to FY2012 took place on non-federal lands…”
  • For natural gas production in the U.S. since 2007 “…production on federal lands (onshore and offshore) fell by about 33% and production on non-federal lands grew by 40%.”
  • Because of declines in oil production on federal lands in FY2011 and FY2012, production is now below FY2007 production levels.
  • The average daily production of natural gas on federal lands decreased by 8% from FY2011 to FY2012 and by 23% from FY2008 to FY2012.
  • The average time to process an Application for Permits to Drill (APD) on federal land increased 41% from 2006 to 2011, from 218 days in 2006 to 307 in 2011.
  • “A more efficient permitting process may be an added incentive for the industry to invest in developing federal resources, which may allow for some oil and gas to come onstream sooner, but in general, the regulatory framework for developing resources on federal lands will likely remain more involved and time-consuming than that on private land.”