Production
From 1954 to 2007, federal offshore tracts produced 16,800,000,000 barrels (2.7×109 m3) of oil and 173,000,000,000,000 cubic feet (4,900 km3) of natural gas.
In 2007, federal offshore tracts produced 27% of the oil and 14% of the natural gas in the United States. Three of the top ten oil fields in the United States in terms of the proven remaining reserves were offshore in the Gulf of Mexico in 2007 (Mars-Ursa, Thunder Horse, and Atlantis). The oil production in the offshore area owned by the federal government reached 492,000,000 barrels (78,000,000 m3) in 2007, down from the record of 602,000,000 barrels (95,700,000 m3) produced in 2002. 2.86 TCF of offshore gas produced in 2007 was down from the high of 5.25 TCF produced in 1996.
Read more about this topic: Offshore Oil And Gas In The United States
Famous quotes containing the word production:
“The myth of unlimited production brings war in its train as inevitably as clouds announce a storm.”
—Albert Camus (1913–1960)
“The repossession by women of our bodies will bring far more essential change to human society than the seizing of the means of production by workers.”
—Adrienne Rich (b. 1929)
“... this dream that men shall cease to waste strength in competition and shall come to pool their powers of production is coming to pass all over the earth.”
—Jane Addams (1860–1935)