Who We Are
The American Exploration & Production Council is a national trade association
that represents large United States independent natural
gas and crude oil exploration and production companies.
AXPC members are "independent" in the sense that that they
do not have petroleum refining or retail marketing operations
and therefore are not "integrated". They are generally publicly-traded
corporations.
Most AXPC members also have international operations or
interests.
AXPC Profile & Member List. |
Who We Are in the United States
The American Exploration & Production Council is a national trade association representing 27 of the largest US independent natural gas and crude oil exploration and production companies.
AXPC member companies are leaders in developing and applying technology necessary to find and produce secure supplies of oil and gas onshore and offshore, including in deep and ultra-deep water, throughout North America and around the world.
The large independent sector (meaning non-integrated companies without refining operations or retail service stations) has a history of investing more than it earns, and 100% of its cash flow, in exploration and production.
The AXPC companies* as a group:
- are leaders in adding domestic energy reserves by being among the most active in drilling natural gas and oil exploration and development wells in the United States, accounting for nearly one quarter of all successful wells drilled;
- produce some 28% of the natural gas in the United States (according to available estimates based on partial data that will be updated in mid-2008) and one-fifth of the country’s domestic oil supplies;
- hold some 40% of independents’ natural gas reserves, and more than 30% of all US gas reserves;
- hold approximately 40% of independents’ crude oil reserves, and more than 26% of total US oil reserves;
- are strong players in the offshore Gulf of Mexico, with nearly 3,000 total OCS lease interests, more than 1,700 as operator;
- have some 1,900 deepwater lease interests in the Gulf of Mexico, including more than 1,100 operator designations (with more than 600 ultra-deep interests, 58% of those as operator); and,
- provide jobs in the United States for nearly 33,000 employees, with operations in 20 states.
American Exploration & Production Council companies are sought as partners worldwide and have operations or interests in 33 other countries.
The AXPC mission is to work constructively for sound energy, environmental and related public policies that encourage responsible exploration, development and production of natural gas and crude oil to meet consumer needs and fuel our economy.
*as evaluated with assistance of
http://www.ogjresearch.com
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