Industry Statistics

YearRotary Rigs ActiveTotal Well Completions
Oil
Total Well Completions
Gas
Total Well Completions
Dry
Total Well Completions
Total Excl. Service
Total Footage Drilled (Mill. Ft.)
19751,47216,9488,12713,64638,721181
19761,65817,6889,40913,75840,855187
19772,00118,74512,12214,98545,852216
19782,25919,18114,41316,55150,145239
19792,17720,85115,25416,09952,204245
19802,91232,95917,46120,78571,205317
19813,97043,88720,25027,95392,090416
19823,10543,88719,07626,37989,342381
19832,22937,36614,68424,35576,405320
19842,42942,90617,33825,88486,128374
19851,98035,26114,32421,21170,796314
198696419,2138,59912,79940,611183
198793616,2108,09611,16735,473163
198893613,6468,57810,11932,343157
198986910,2309,5228,23627,988134
19901,01012,80011,2278,23732,264156
199186012,5429,7687,47629,786145
19927219,3798,1495,85723,385120
19937548,8289,8296,09324,750134
19947557,3349,3585,09221,784125
19957238,2488,0824,81421,144117
19967798,8369,0274,89022,753126
199794311,20611,4985,87428,578161
19988277,68211,6394,76124,082137
19996254,80512,0273,55020,382103
20009188,09017,0514,14629,287144
20011,1568,88822,0724,59835,558180
20028306,77517,3423,75427,871145
20031,0328,12920,7223,98232,833177
20041,1928,78924,1864,08237,057204
20051,38110,77928,5904,65344,022240
20061,64913,38532,8385,20651,429283
20071,76913,37132,7194,98151,071302
20081,88016,63332,2465,42354,302334
20091,08611,19018,0883,52532,803232
20101,54115,75316,6964,16236,611239
20111,87519,46813,2204,08136,769280
20121,91926,71310,2564,46241,431344
20131,76125,6327,5143,90536,951326
20141,86228,0307,4174,30239,749371
YearDrilling Costs
Total (Mill. $)
Drilling Costs
Per Well ($)
Drilling Costs
Per Ft. ($)
Producer Price Index
1982 = 100
>Crude Price Index
1982 = 100
Crude Price Index
1982 = 100
1975$4,367.00 $138,718.00 $28.93532936
1976$7,462.00 $191,615.00 $40.46613550
1977$9,957.00 $229,181.00 $46.82653754
1978$13,061.00 $279,950.00 $56.64704160
1979$16,079.00 $331,367.00 $67.71785166
1980$22,800.00 $367,682.00 $77.03887676
1981$36,666.00 $453,691.00 $94.309611091
1982$39,428.00 $514,378.00 $108.73100100100
1983$25,105.00 $371,721.00 $83.341029397
1984$25,206.00 $326,463.00 $71.901049197
1985$23,697.00 $349,399.00 $75.351058597
1986$13,552.00 $364,577.00 $76.881034794
1987$9,239.00 $279,615.00 $58.711055693
1988$10,550.00 $354,713.00 $70.231084697
1989$9,669.00 $362,243.00 $75.081145699
1990$10,937.00 $383,596.00 $76.0711971102
1991$11,461.00 $421,453.00 $82.6412262109
1992$8,556.00 $382,607.00 $70.2712358108
1993$9,824.00 $426,793.00 $75.3012551108
1994$9,676.00 $483,237.00 $79.4912647111
1995$10,539.00 $513,415.00 $87.2312851114
1996$10,919.00 $496,105.00 $88.9213163118
1997$16,042.00 $603,918.00 $107.8313258123
1998$17,586.00 $778,480.00 $133.6413136126
1999$14,913.00 $856,149.00 $152.0213350127
2000$19,332.00 $754,567.00 $142.1613885128
2001$31,577.00 $943,154.00 $181.9414169134
2002$26,886.00 $1,054,234.00 $195.3113968136
2003$36,875.00 $1,199,545.00 $216.2714383140
2004$56,179.00 $1,673,141.00 $292.57149108144
2005$89,790.00 $2,181,013.00 $392.30156150156
2006$109,756.00 $2,101,684.00 $378.03160176171
2007$139,301.00 $2,856,219.00 $479.21167193184
2008$190,326.00 $3,519,862.00 $574.72177276200
2009$185,580.00 $5,611,897.00 $671.87173162203
2010$77,390.00 $2,081,763.00 $302.21180219201
2011n/an/an/a191276205
2012n/an/an/a195274211
2013n/an/an/a197281213
2014n/an/an/a200259217
YearSeismic
Crew
Exploratory Wells
Oil
Exploratory Wells
Gas
Exploratory Wells
Dry
Exploratory Wells
Total
Exploratory Wells
% Dry Total
Total New Field
19773,0631,1641,5487,2839,995276,162
19783,0631,1711,7717,96510,907276,731
19794,4431,3211,9077,43710,665306,423
19805,9151,7772,0999,08112,957307,332
19818,1722,6512,52212,40017,573299,151
19827,0602,4372,13311,30715,877297,386
19835,6812,0301,60510,20613,841266,057
19845,9312,2091,52811,32115,058256,528
19854,5391,6801,2008,95411,834245,630
19862,3551,0847975,5677,448253,484
19872,1139267565,0526,734253,515
19882,1618557474,7116,313253,271
19891,5876077063,9345,247252,644
19901,4936646933,7935,150262,685
19911,2516015443,3904,535252,195
19928474984272,5503,475271,762
19939525095412,5093,559301,683
19941,0875797402,4653,784351,618
19951,2535705582,0243,152361,605
19961,3074895761,9563,021351,676
19971,3364915622,1133,166331,757
19981,5663275661,5902,483361,478
19991,1251975701,1571,924401,244
2000632886571,3412,286411,509
2001613571,0521,7333,142451,782
2002542588441,2822,384461,458
2003403509971,2972,644511,727
2004433831,6711,3503,404602,027
2005525392,1411,4624,142652,265
2006556462,4561,5474,649672,560
2007638082,7941,5825,184702,564
2008768972,3451,7154,957652,410
2009756051,2061,0552,866631,434
2010656691,1051,0662,840631,605
2011658837859412,609641,372
201201,1544811,0312,666611,424
201309362779842,197551,349
201408402079111,958541,155
YearIndustry Profitability %
U.S. Production
Industry Profitability %
Total Energy
Public Co. Capital & Exploration Spending (Mill. $)
Majors
Public Co. Capital & Exploration Spending (Mill. $)
Non-Majors
Public Co. Capital & Exploration Spending (Mill. $)
Total
Wages ($/Hour)
Oil & Gas
Wages ($/Hour)
All Mfg.
19761410$8,876.00 $6,043.00 $14,919.00 $3.80$5.29
1977189$10,311.00 $6,600.00 $16,911.00 $4.34$5.75
1978169$12,064.00 $8,400.00 $20,464.00 $5.21$6.31
19791814$21,822.00 $11,099.00 $32,921.00 $5.92$6.80
19802115$26,235.00 $14,175.00 $40,410.00 $6.82$7.52
19812012$31,992.00 $23,698.00 $55,690.00 $7.85$8.09
1982148$30,330.00 $23,387.00 $53,717.00 $8.84$8.49
1983117$36,445.00 $30,015.00 $66,460.00 $9.36$8.87
1984117$39,501.00 $26,247.00 $65,748.00 $9.77$9.22
1985106$40,379.00 $25,623.00 $66,002.00 $10.29$9.55
1986n/a3$28,248.00 $15,682.00 $43,930.00 $10.75$9.66
198744$26,920.00 $14,710.00 $41,630.00 $11.02$9.89
198837$31,732.00 $18,336.00 $50,068.00 $11.48$10.20
198936$32,198.00 $16,982.00 $49,180.00 $12.26$10.49
199097$32,647.00 $23,549.00 $56,196.00 $13.32$10.93
199155$33,360.00 $19,521.00 $52,881.00 $13.67$11.13
199261$33,028.00 $16,372.00 $49,400.00 $13.78$11.40
199355$30,975.00 $19,336.00 $50,311.00 $14.14$11.70
199465$30,745.00 $19,130.00 $49,875.00 $14.81$12.04
199546$34,226.00 $19,627.00 $53,853.00 $15.53$12.34
19961410$38,768.00 $22,773.00 $61,541.00 $16.04$12.75
1997139$38,355.00 $33,574.00 $71,929.00 $17.29$13.14
1998n/a3$39,992.00 $29,299.00 $69,291.00 $18.51$13.45
199986$31,668.00 $18,612.00 $50,280.00 $19.14$13.85
20001811$34,884.00 $25,082.00 $59,966.00 $19.43$14.32
2001138$27,944.00 $41,664.00 $69,608.00 $19.97$14.76
2002114$25,985.00 $31,834.00 $57,819.00 $19.27$15.29
20031711$24,653.00 $31,103.00 $55,756.00 $18.95$15.74
20042014$27,792.00 $39,596.00 $67,388.00 $18.58$16.14
20052319$34,160.00 $51,786.00 $85,946.00 $19.34$16.56
20061818$49,264.00 $67,687.00 $116,951.00 $21.39$16.81
20071516$49,322.00 $76,744.00 $126,066.00 $24.20$17.26
20081110$59,534.00 $103,258.00 $162,792.00 $27.28$17.75
200943$55,216.00 $67,391.00 $122,607.00 $27.60$18.24
2010n/an/a$58,388.00 $81,234.00 $139,622.00 $27.36$18.61
2011n/an/a$72,822.00 $107,616.00 $180,438.00 $27.27$18.93
2012n/an/a$67,049.00 $139,518.00 $206,567.00 $28.52$19.08
2013n/an/a$73,630.00 $132,690.00 $206,320.00 $30.26$19.30
2014n/an/an/an/an/a$31.25$19.56
YearCost of
Oil Imports
(Bill. $)
Gross Domestic Product
Current $
(Bill. $)
Gross Domestic Product
Constant 2009 $
(Bill. $)
Gross Domestic Product
Price
Deflator
(2009 = 100)
Consumer
Price
Index
(1982-84 = 100)
Industrial
Production
Index
(2007 = 100)
1976321,8255,141365744
1977422,0305,378386147
1978402,2935,678406550
1979572,5625,855447351
1980792,7885,839488250
1981773,1275,987529151
1982613,2535,871559748
1983533,5356,1365810049
1984573,9316,5776010454
1985514,2186,8496210855
1986354,4607,0876311055
1987424,7367,3136511458
1988395,1007,6146711861
1989505,4827,8867012461
1990625,8018,0347213162
1991515,9928,0157513661
1992516,5399,2577114063
1993516,8799,5117214565
1994517,3099,8957414869
1995547,66410,1647515272
1996728,60911,0237816180
1997718,60911,0237816180
1998509,08911,5137916385
1999679,66612,0718016789
200011910,29012,5658217292
200110310,62512,6848417789
200210310,98012,9108518089
200313211,51213,2708718490
200417912,27713,7748918993
200525013,09414,2349219596
200630013,85614,6149520298
200732814,47814,87497207100
200845014,71914,8309921597
200925214,41914,41910021586
201033414,96414,78410121891
201143215,51815,02110322594
201240916,16315,36910523097
201336316,76815,710107233100
201432717,41916,086108237104
YearNo. Oil WellsOil
Production
Percent
of U.S.
Oil Wells
No. Natural
Gas Wells
Natural
Gas
Production
Percent
of U.S.
Gas Wells
1991439,352457,48372171,3431,330,40062
1992425,408443,86171.6166,8921,346,21060.6
1993419,808427,94971.9173,6711,396,37061.6
1994405,503406,79069.7180,9241,443,26062
1995393,555397,16668.5155,4091,275,60052.1
1996385,586392,61667.1158,4401,308,34052.5
1997380,143391,02366.3170,5191,394,89054.8
1998370,838372,60366183,2301,563,16057.8
1999361,167358,03566.2218,6551,742,72072.3
2000364,367368,68968.3223,6841,818,29065.5
2001370,521367,89670239,0121,987,57065.2
2002363,097359,84068.7248,5392,100,03066.8
2003355,547356,48869.3259,4182,236,31069
2004354,657354,52669.6273,9192,395,87069.3
2005356,620355,94771.5295,9482,565,27074.3
2006362,893362,05373313,9992,731,84076
2007361,810365,78972.3326,6672,849,22075.4
2008365,483365,05669.5357,2043,057,66082.3
2009359,636357,96468.4344,9913,000,78070.4
2010370,462363,03071.3376,2573,088,74076.2
2011376,864368,27169358,0842,989,94074.2
2012390,099384,59769.6366,9402,958,30076
2013398,977395,38768.7360,3762,871,53074.3
YearMarketed
Production (Wet)
(Bcf)
Dry Gas
Production
(Bcf)
Imports
(Bcf)
Exports
(Bcf)
Total Supply
(Bcf)
Consumption
(Bcf)
197619,95219,0989646521,76719,946
197720,02519,1631,0115621,88419,521
197819,97419,1229665321,95819,627
197920,47119,6631,2535622,59220,241
198020,18019,4039854921,88219,877
198119,95619,1819045921,64319,404
198218,58217,8209335220,45218,001
198316,88416,0949185518,59016,835
198418,30417,4668435520,25817,951
198517,27016,4549505519,46417,281
198616,85916,0597506118,23416,221
198717,43316,6219935419,15217,211
198817,91817,1031,2947420,27818,030
198918,09517,3111,38210721,71719,119
199018,59417,8101,5328621,69319,174
199118,53217,6981,77312922,29919,562
199218,71217,8402,13821622,99920,228
199318,98218,0952,35014023,69020,790
199419,71018,8212,62416224,20521,247
199519,50618,5992,84115424,92722,207
199619,81218,8542,93715325,66822,609
199719,86618,9022,99415725,69422,737
199819,96119,0243,15215925,31022,246
199919,80518,8323,58616325,16622,405
200020,19819,1823,78224426,26123,333
200120,57019,6163,97737326,07622,239
200219,88518,9284,01551626,19323,007
200319,97419,0993,94468026,24922,277
200419,51718,5914,25985426,40722,403
200518,92718,0514,34172925,74522,014
200619,41018,5044,18672425,34721,699
200720,19619,2664,60882227,05923,104
200821,11220,1593,98496327,58023,277
200921,64820,6243,7511,07227,29722,910
201022,38221,3163,7411,13728,51524,087
201124,03622,9023,4691,50629,40524,477
201225,28324,0333,1381,61929,98225,538
201325,69124,3342,8831,57230,89626,168
201427,27125,7182,6951,52432,18026,818
YearLiquid Hydrocarbons (Mill. Bbls.)
Crude Oil
Liquid Hydrocarbons (Mill. Bbls.)
NGL
Liquid Hydrocarbons (Mill. Bbls.)
Total
Natural Gas (Tcf)Crude Oil Reserves Per New Oil Well (Bbls.)Nat. Gas Reserves Per New Gas Well (MMcf)
19751,3186191,9371177,6251,322
19761,0858341,919761,310784
19771,1402911,4311260,9631,015
19782,5835963,17911135,484743
19791,4105701,9801568,152956
19802,9708443,8141792,466975
19812,5701,0813,6512260,4421,089
19821,3828742,2561735,208920
19832,8971,4054,3021577,4681,000
19843,7485184,2661484,278962
19853,0221,0544,0761282,890921
19861,4469592,4051475,2621,605
19873,2407293,96912199,8771,445
19882,3808453,225-3174,410-291
19892,2622882,55016221,1141,691
19902,2585532,81120181,4381,753
19919406341,5741578,1061,550
19921,5097602,26915167,3131,854
19931,5515592,11015176,9741,494
19941,7687392,50720252,5352,023
19952,1071,0203,12719255,4562,385
19961,8391,2743,11320208,1262,227
19972,6671,0133,68020237,9981,731
19984793848631662,3541,332
19992,6831,2783,96122558,3771,853
20001,8801,3613,24029266,9961,715
20012,3165382,85426260,5761,169
20022,1061562,26224310,8491,388
20031,091601,15122134,2111,039
20041,2991881,48724147,798995
20052,1192152,33431196,5861,097
20068672591,1262764,774806
20072,0363372,37348152,2701,458
2008-524111-41329-31,504889
20093,3123783,69051295,9792,841
20104,3525054,85757276,2653,413
20115,1117235,83456262,5334,219
20126,0977426,839-42228,241-4,095
20135,2605865,84658205,2127,691
YearCrude Wellhead
Current $
($/Bbl.)
Crude
Constant
2009 $
($/Bbl.)
Refiner Acquisition Cost
U.S.
($/Bbl.)
Refiner Acquisition Cost
Import
($/Bbl.)
Refiner Acquisition Cost
Composite
($/Bbl.)
Oil/Gas Composite
Current $
($/Bbl.)
Oil/Gas Composite
Constant
2009 $
($/Bbl.)
1976$8.19$23.00$8.84$13.48$10.89$5.39$15.18
1977$8.57$23.00$9.55$14.53$11.96$6.19$16.41
1978$9.00$22.00$10.61$14.57$12.46$6.80$16.84
1979$12.64$29.00$14.27$21.67$17.72$9.20$21.03
1980$21.59$45.00$24.23$33.89$28.07$14.53$30.43
1981$31.77$61.00$34.33$37.05$35.24$20.36$38.98
1982$28.52$51.00$31.22$33.55$31.87$20.57$37.13
1983$26.19$45.00$28.87$29.30$28.99$20.13$34.95
1984$25.88$43.00$28.53$28.88$28.63$20.00$33.46
1985$24.09$39.00$26.66$26.99$26.75$18.88$30.67
1986$12.51$20.00$14.82$14.00$14.55$11.50$18.27
1987$15.40$24.00$17.76$18.13$17.90$12.12$18.71
1988$12.58$19.00$14.74$14.56$14.67$10.76$16.06
1989$15.86$23.00$17.87$18.08$17.97$12.18$17.52
1990$20.03$28.00$22.59$21.76$22.22$13.96$19.34
1991$16.54$22.00$19.33$18.70$19.06$12.24$16.38
1992$15.99$23.00$18.63$18.20$18.43$12.24$17.32
1993$14.25$20.00$16.67$16.14$16.41$12.36$17.09
1994$13.19$18.00$15.67$15.51$15.59$11.27$15.26
1995$14.62$19.00$17.33$17.14$17.23$10.86$14.40
1996$18.46$24.00$20.77$20.64$20.71$14.36$18.71
1997$17.23$22.00$19.61$18.53$19.04$14.36$18.39
1998$10.87$14.00$13.18$12.04$12.52$10.69$13.55
1999$15.56$19.00$17.90$17.26$17.51$13.20$16.49
2000$26.72$33.00$29.11$27.70$28.26$22.36$27.30
2001$21.84$26.00$24.33$22.00$22.95$21.69$25.89
2002$22.51$26.00$24.65$23.71$24.10$18.32$21.54
2003$27.56$32.00$29.82$27.71$28.53$26.78$30.88
2004$36.77$41.00$38.97$35.90$36.98$32.07$35.99
2005$50.28$55.00$52.94$48.86$50.24$43.33$47.11
2006$59.69$63.00$62.62$59.02$60.24$43.09$45.44
2007$66.52$68.00$69.65$67.04$67.94$44.61$45.83
2008$94.04$95.00$98.47$92.77$94.74$59.30$59.75
2009$56.35$56.00$59.49$59.17$59.29$31.78$31.78
2010$74.71$74.00$78.01$75.86$76.69$40.64$40.15
2011$95.73$93.00$100.71$102.63$101.87$44.87$43.44
2012$94.52$90.00$100.72$101.09$100.93$41.31$39.28
2013$95.99$90.00$102.91$98.11$100.49$51.70$48.44
2014$87.39$81.00$94.05$89.46$91.98$52.64$48.62
YearExtraction
(Thous.)
Refining
(Thous.)
Transportation
(Thous.)
Wholesale
(Thous.)
Retail
(Thous.)
Total Industry
(Thous.)
19753291641792286221,522
19763461681772326261,548
19773811711772306291,588
19784291751832296281,645
19794741771872255771,641
19805601671892245611,701
19816921851962325621,867
19827081761982235591,864
19835981691942115561,728
19846071621922085751,744
19855831531942065891,723
19864511411862015961,573
19874021341841986081,525
19884001211832036251,532
19893811171822076411,528
19903071082152771,0322,086
19913071122172631,0052,049
19922791522863058761,898
19932731462762938811,870
19942621442752929021,876
19952481402682939221,872
19962481372602919461,882
19972561362562959561,899
19982551352532969611,900
19992271282462879441,831
20002331232392819361,812
20013221212492669201,878
20023031192432578961,817
20033061162352498801,786
20043211122272418741,775
20053541122272398661,798
20064031132842448621,862
20074471152532498621,926
20084951162692488451,974
20094381152582398241,873
20104501112512348201,865
20115161112652408251,957
20125801112852478432,066
20136051122932508622,123
20145231112992708812,084
YearOperators of
Record
Crude Oil
Producing Wells
Crude Oil
% of
Total
Natural Gas
Producing Wells
Natural Gas
% of
Total
Total Producing Wells
19745,98149763179.812634920.2623980
19757,20150033379.113209520.9632428
19768,55449911078.413744321.6636553
19776,78250703477.414801822.6655052
19787,22251675276.615745423.4674206
19797,85953139575.816989124.2701286
198010,05954771775.118200424.9729721
198112,38155700973.719883926.3755848
198213,01458014272.521975327.5799895
198312,95160329073.122195226.9825242
198412,81562080772.623385327.4854660
198511,37064662672.724334427.3889970
19868,33562869072.224152727.8870217
19877,04862119371.424922528.6870418
19886,09562358770.825727929.2880866
19895,23160688169.826248330.2869364
19905,36160243969.126910030.9871539
19915,13861020468.827633731.2886541
19924,33759418168.327541431.7869595
19934,17258387967.428215232.6866031
19943,61258165766.629177333.4873430
19953,40457448365.829854134.2873024
19963,39857441965.630181134.4876230
19973,45357307064.831097135.2884041
199823,62056214863.931692936.1879077
199922,08954595764.430242135.6848378
200022,1025335506134167839875228
200122,51952964859.136684940.9896497
200222,82352879358.737186241.3900655
200320,92351298857.737603642.3889024
200420,67050979756.339502343.7904820
200515,15849845455.639817544.4896629
200613,82049740354.641324745.4910650
200713,74450008553.643347546.4933560
2008n/a52600454.843392845.2959932
2009n/a52611451.849014248.21016260
2010n/a51956951.349353448.71013100
2011n/a54608353.148240446.91028490
2012n/a56030853.748278246.31043090
2013n/a58035454.548500545.51065360
2013n/a60067953.951478246.11115460
YearPetroleum Demand
(Thous. b/d)
Domestic
Petroleum Demand
(Thous. b/d)
Export
Petroleum Demand
(Thous. b/d)
Total
% of U.S. Energy
Consumption
Petroleum
% of U.S. Energy
Consumption
Natural Gas
Energy/GDP Ratio
(Thous. Btu Per 2000 $)
197617,46122317,684462715
197718,43124318,674482615
197818,84736219,209482514
197918,51347118,984462614
198017,05654417,600442613
198116,05859516,653422613
198215,29681516,111412513
198315,23173915,970412412
198415,72672216,448412412
198515,72678116,507402311
198616,28178517,066422211
198716,66576417,429422211
198817,28381518,098412211
198917,32585918,184402311
199016,98885717,845402311
199116,7141,00117,715392411
199217,03395017,98339249
199317,2371,00318,24039249
199417,71894218,66039249
199517,72594918,67438259
199618,30998119,29038259
199718,6201,00319,62338259
199818,91794519,86239248
199919,51994020,45939248
200019,7011,04020,74139248
200119,64997120,62040248
200219,76198420,74539248
200320,0341,02721,06140237
200420,7311,04821,77940237
200520,8021,16521,96740237
200620,6871,31722,00440227
200720,6801,43322,11339237
200819,4981,80221,30037247
200918,7712,02420,79537257
201019,1802,35321,53336257
201118,8822,98621,86836267
201219,0354,18023,21535286
201318,9613,62122,58236286
201419,0354,18023,21535286
YearOPEC Sources
Thous. b/d
OPEC Sources
% Total Imports
Arab OPEC
Thous. b/d
Arab OPEC
% Total Imports
Persian Gulf
Thous. b/d
Persian Gulf
% Total Imports
Total
Thous. b/d (incl. SPR)
19753,601601,447241,165196,056
19765,066692,272311,840257,313
19776,193703,007342,448288,807
19785,751692,868342,219278,363
19795,637672,705322,069258,456
19804,300622,007291,519226,909
19813,323551,530261,219205,996
19822,1464286617696145,113
19831,832376821444295,051
19842,049388291550695,437
19851,830364981031165,067
19862,837461,18319912156,223
19873,060461,372211,077166,678
19883,520481,841251,541217,402
19894,140512,130261,861238,060
19904,296542,246281,966258,017
19914,092542,098281,845247,627
19924,092521,974251,778237,888
19934,273502,002231,782218,620
19944,247471,971221,728198,996
19954,002451,807211,573188,835
19964,211441,860201,604179,478
19974,569452,040201,7551710,162
19984,905462,426232,1362010,708
19994,953462,723252,4642310,852
20005,203452,713242,4882211,459
20015,528473,039262,7612311,871
20024,605402,533222,2692011,530
20035,162422,883242,5012012,264
20045,701432,945222,4931913,145
20055,587412,812212,3341713,714
20065,517402,868212,2111613,707
20075,980442,833212,1631613,468
20085,954462,918232,3701812,915
20094,776412,182191,6891411,691
20104,906422,221191,7111511,793
20114,555402,219191,8611611,436
20124,271402,398232,1562010,598
20133,720382,124222,009209,859
20143,224351,978221,869209,221
YearWholesale Prices
Gasoline
($/Gal.)
Wholesale Prices
Kerosene
($/Gal.)
Wholesale Prices
Distillate
($/Gal.)
Wholesale Prices
Resid.
Fuel
($/Gal.)
Wholesale Prices
Average
4 Products
($/Bbl.)
Wholesale Prices
($/Bbl.)
Retail Gasoline
Excl.
Taxes
($/Gal.)
Retail Gasoline
Incl.
Taxes
($/Gal.)
1976$0.47$0.59
1977$0.51$0.63
1978$0.43$0.37$0.26$0.36$15.23$0.54$0.65
1979$0.64$1.00$0.57$0.40$0.57$23.80$0.74$0.85
1980$0.94$1.00$0.80$0.53$0.78$32.96$1.08$1.19
1981$1.06$1.00$0.97$0.66$0.93$38.99$1.20$1.33
1982$0.97$1.00$0.91$0.61$0.86$36.25$1.12$1.26
1983$0.88$1.00$0.81$0.61$0.79$33.15$1.03$1.22
1984$0.83$1.00$0.81$0.65$0.78$32.85$1.00$1.21
1985$0.84$1.00$0.77$0.58$0.75$31.29$0.95$1.16
1986$0.53$1.00$0.47$0.31$0.45$18.91$0.70$0.92
1987$0.59$1.00$0.53$0.39$0.51$21.45$0.72$0.95
1988$0.58$1.00$0.47$0.30$0.46$19.37$0.71$0.95
1989$0.65$1.00$0.57$0.36$0.54$22.70$0.77$1.01
1990$0.79$1.00$0.70$0.41$0.67$28.00$0.88$1.14
1991$0.70$1.00$0.62$0.31$0.57$23.95$0.80$1.15
1992$0.68$1.00$0.59$0.31$0.54$22.84$0.79$1.11
1993$0.63$1.00$0.56$0.29$0.51$21.58$0.76$1.11
1994$0.60$1.00$0.52$0.32$0.49$20.66$0.74$1.11
1995$0.63$1.00$0.53$0.36$0.51$21.61$0.77$1.14
1996$0.71$1.00$0.65$0.42$0.61$25.54$0.85$1.23
1997$0.70$1.00$0.60$0.39$0.58$24.18$0.84$1.22
1998$0.53$0.44$0.28$0.42$17.80$0.67$1.06
1999$0.65$1.00$0.54$0.35$0.52$21.71$0.78$1.17
2000$0.96$1.00$0.90$0.57$0.83$34.70$1.11$1.51
2001$0.89$1.00$0.78$0.48$0.73$30.49$1.03$1.46
2002$0.83$1.00$0.72$0.53$0.70$29.32$0.95$1.36
2003$1.00$1.00$0.88$0.66$0.85$35.87$1.16$1.59
2004$1.29$1.00$1.18$0.68$1.09$45.73$1.44$1.88
2005$1.67$2.00$1.72$0.97$1.52$63.88$1.83$2.30
2006$1.97$2.00$1.99$1.14$1.76$74.10$2.13$2.59
2007$2.18$2.00$2.19$1.35$1.97$82.88$2.35$2.80
2008$2.59$3.00$2.97$1.87$2.61$109.64$2.78$3.27
2009$1.77$2.00$1.71$1.34$1.63$68.62$1.89$2.35
2010$2.17$2.00$2.21$1.70$2.06$86.68$2.30$2.79
2011$2.87$3.00$3.03$2.34$2.81$118.04$3.05$3.53
2012$2.93$3.00$3.10$2.46$2.89$121.47$3.15$3.64
2013$2.81$3.00$2.81$2.04$2.56$107.46$2.86$3.37
2014$2.62$3.00$2.81$2.04$2.56$107.46$2.86$3.37
YearCrude Oil
(Thous. b/d)
NGL
(Thous. b/d)
Total Production
(Thous. b/d)
Average
Crude
Oil Per
Well
(b/d)
% of U.S. Energy Production
Petroleum
% of U.S. Energy Production
Natural
Gas
% of U.S. Energy Production
Total
19768,1321,6049,73616283563
19778,2451,6189,86316283563
19788,7071,56710,27417293464
19798,5521,58410,13616283461
19808,5971,57310,17016273360
19818,5721,60910,18115273360
19828,6491,55010,19915283158
19838,6881,55910,24714292958
19848,8791,63010,50914273057
19858,9711,60910,58014282856
19868,6801,55110,23114272855
19878,3491,5959,94413262955
19888,1401,6259,76513252954
19897,6131,5469,15913232952
19907,3551,5598,91412222951
19917,4171,6599,07612222952
19927,1711,6978,86812223051
19936,8471,7368,58312213152
19946,6621,7278,38912203151
19956,5601,7628,32211203050
19966,4651,8308,29511193049
19976,4521,8178,269111930249
19986,2521,7598,01111183048
19995,8811,8507,73111173148
20005,8221,9117,73311173149
20015,8011,8687,67011173249
20025,7441,8807,62411173149
20035,6491,7197,36911173149
20045,4411,8097,25011163147
20055,1811,7176,89810163046
20065,0881,7396,82710153146
20075,0771,7836,86010153146
20085,0001,7846,78310153246
20095,3501,9107,26010163348
20105,4822,0747,55611163348
20115,6452,2167,86110153449
20126,4972,4088,90512173553
20137,4612,60610,06713193554
20148,6632,96411,62714213556
YearImports
Crude Oil
(Thous. b/d)
Imports
Refined Products
(Thous. b/d)
Imports
Total (excl. SPR)
(Thous. b/d)
Other Supply
(Thous. b/d)
Total Supply
(Thous. b/d)
Imports as % of Demand
19765,2872,0267,31363517,68442
19776,6152,1938,807418,67448
19786,3562,0088,36357219,20944
19796,5191,9378,45639218,98446
19805,2631,6466,90952117,60041
19814,3961,5995,99647616,65337
19823,4881,6255,11379916,11133
19833,3291,7225,05167215,97033
19843,4262,0115,43750216,44835
19853,2011,8665,06784016,50732
19864,1782,0456,22361217,06638
19874,6742,0046,67880717,42940
19885,1072,2957,40293118,09843
19895,8432,2178,06096518,18447
19905,8942,1238,01791417,84547
19915,7821,8457,6271,01217,71546
19926,0831,8057,8881,22717,98346
19936,7871,8338,6201,03718,24050
19947,0631,9338,9961,27518,66051
19957,2301,6058,8351,51718,67450
19967,5081,9709,4781,51719,29052
19978,2251,93710,1621,19219,62355
19988,7062,00210,7081,14319,86257
19998,7312,12110,8521,87620,45956
20009,0712,38811,4591,54920,74158
20019,3282,54311,8711,07920,62060
20029,1402,39011,5301,59120,74558
20039,6652,59912,2641,42821,06161
200410,0883,05713,1451,38421,77963
200510,1263,58813,7141,35521,96766
200610,1183,58913,7071,47022,00466
200710,0313,43713,4681,78522,11365
20089,7833,13212,9151,60221,30066
20099,0132,67811,6911,84420,79562
20109,2132,58011,7932,18421,53362
20118,9352,50111,4362,57121,86861
20128,5272,07110,5982,19221,69557
20137,7302,1299,8592,65622,58252
20147,3371,8849,2212,36723,21548
As of Dec. 31stLiquid Hydrocarbons
(Mill. Bbls.)
Crude Oil
Liquid Hydrocarbons
(Mill. Bbls.)
NGL
Liquid Hydrocarbons
(Mill. Bbls.)
Total Liquid
Natural
Gas-Dry
(Tcf)
Reserve/Production
Ratio
Crude Oil
Reserve/Production
Ratio
Total Liquid
Reserve/Production
Ratio
Natural Gas
197532,6826,26838,950228111112
197633,5026,40239,904216111111
197731,7805,99437,774209111011
197831,3356,77238,107200101211
197929,8106,61536,425195101110
198029,8056,72836,533199101210
198129,4267,06836,49420291211
198227,8587,22135,07920291311
198327,7357,90135,63620091412
198428,4467,64336,08919891311
198528,4167,94436,36019391412
198626,8898,16535,05419291412
198727,2568,14735,40318791411
198826,8258,23835,06316891410
198926,5017,76934,270167101410
199026,2547,58633,840169101310
199124,6827,46432,1461679129
199223,7457,45131,1961659129
199322,9577,22230,1791629119
199422,4577,17029,6271649119
199522,3517,39929,7501659129
199622,0177,82329,8401669129
199722,5467,97330,51916710129
199821,0347,52428,5581649129
199921,7657,90629,67116710129
200022,0458,34530,39017710129
200122,4467,99330,43918411129
200222,6771,35624,03319611010
200321,8911,21523,10619711010
200421,3711,22122,59220111011
200521,7571,26223,01921312012
200620,9721,33922,31122011012
200721,3171,49522,81224812013
200819,1211,43320,55425511013
200920,6821,63322,31528411014
201023,2671,91425,18131812015
201126,5442,40628,95034913015
201230,5292,87433,40332313013
201333,3713,14936,52035412015
YearProducing Wells
Stripper Wells
Producing Wells
% U.S. Wells
Production
(Thous. b/d)
Production
% U.S. Output
Average Oil
Per Well
(b/d)
Abandonments
Reserves
(Bill. Bbls.)
1976365,733731,0721339,9165
1977368,930731,0751339,0005
1978374,635731,0731238,3805
1979386,310731,0811337,6685
1980395,176721,0961336,6145
1981409,539741,1681437,2154
1982416,493721,2111439,4265
1983441,501731,26615311,0325
1984452,543731,26614314,1705
1985458,447711,24914316,0244
1986460,429731,23114319,2334
1987451,787731,22415318,2414
1988454,150731,21015317,4234
1989452,589751,06014216,1074
1990463,854771,05014217,2354
1991462,823761,03414217,5843
1992453,277761,00714216,2113
1993452,2487897514216,9143
1994442,5007693114217,8963
1995433,0487591014216,3893
1996428,8427588414216,6743
1997431,5527588414215,1723
1998419,2807586614213,9122
1999410,6807586415211,2272
2000411,7937789115210,7182
2001403,4597686615212,2342
2002402,0727688715213,6352
2003393,4637786015214,3002
2004397,3627885216211,9772
2005401,0728188216211,0582
2006433,2558591918211,7380
2007396,5377979716211,6390
YearWellhead Revenues (Mill. $)
Crude Oil
Wellhead Revenues (Mill. $)
% of Total
Wellhead Revenues (Mill. $)
Natural Gas
Wellhead Revenues (Mill. $)
% of Total
Wellhead Revenues (Mill. $)
Total
Severance
and Production
Taxes Paid
(Mill. $)
197624376681157232.2359481,804
197725791621582038416112,013
197828602611817638.9467792,204
197939456622415638636112,463
198067933683208632.11000193,865
198199401723951328.41389146,418
198290034664571233.71357467,464
198383052664373034.51267817,265
198484103634868936.71327917,192
198578881654334835.51222287,002
198639634553270645.2723415,360
198746930622911338.3760433,998
198837479553028144.7677604,002
198944071593058141746513,821
199053772633179637.2855684,621
199144777603039240.4751704,630
199241967563255943.7745264,074
199335613483872352.1743364,312
199432073473646453.2685373,383
199535006543023446.3652403,432
199643680504299249.6866723,392
199740576474608953.2866653,782
199824805393912461.2639292,949
199933401444337356.5767742,558
200056936437432956.61312654,210
2001462433682280641285235,549
200247194455866155.41058543,863
200356826379747363.21542995,372
2004732444110656359.31797876,117
2005950834113873559.32338187,788
20061108514712403052.82348819,852
20071232694912622550.624949410,110
20081720935116826349.434035618,105
2009110037587944841.918948611,525
20101494896010027140.124976110,580
2011197244689494232.529218713,513
2012224145776725323.129139816,538
20132614066812537232.438677815,990
20142763276415599036.1432317n/a

IPAA is the industry’s strongest presence in the nation’s capital and these are important times. The entire oil and gas industry remains under fire from anti-development groups; but with these challenges arise unique opportunities that IPAA is seizing for our members.