Not only is that possible, but we do it all the time.  

 - No one can see the apps you register at [stackapps.com/apps/oauth/register][1] except you (and the SE devs).
 - **If you don't need OAuth**, then [you can enter just about any fake information in the required fields][2].  
  This still allows you to use the `key` to get 10K quota.

It is only when you want to access `private_info` or write to the site that you need OAuth and [a public post here][3].

See, also: https://stackapps.com/questions/4573/my-app-has-to-be-published-first-but-its-still-under-development



  [1]: https://stackapps.com/apps/oauth/register
  [2]: https://stackapps.com/a/6406/7653
  [3]: https://stackapps.com/questions/7/how-to-list-your-application-library-wrapper-script-here