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Title: Expanding role for offshore gas

Abstract

A significant percentage of our natural gas supply lies buried beneath the oceans. If developed, it can make a major contribution to the energy mix of the US. During the past year, AGA supported legislation to expedite the lease sale program of the outer continental shelf (OCS). The OCS can play a substantial role in meeting our domestic gas and oil needs in the near to mid-term until alternative energy sources can make a greater contribution to our national energy supply situation. Encouraging developments also are taking place in offshore explorations; Texas recently reported three gas finds from the area of the Canyon tracts. One reason that offshore gas activity has accelerated only in recent years is its high cost in comparison with onshore production. As the more costly equipment and technology for offshore exploration and development becomes available, the returns on investing in this area will continue to increase. (DP)

Authors:
;
Publication Date:
OSTI Identifier:
5077715
Resource Type:
Journal Article
Journal Name:
Ocean Ind.; (United States)
Additional Journal Information:
Journal Volume: 15:5
Country of Publication:
United States
Language:
English
Subject:
03 NATURAL GAS; NATURAL GAS DEPOSITS; EXPLORATION; OFFSHORE SITES; CONTINENTAL SHELF; COST; EXPLOITATION; LEASING; CONTINENTAL MARGIN; GEOLOGIC DEPOSITS; MINERAL RESOURCES; RESOURCES; 030200* - Natural Gas- Reserves, Geology, & Exploration

Citation Formats

Lawrence, G H, and Kalish, R B. Expanding role for offshore gas. United States: N. p., 1980. Web.
Lawrence, G H, & Kalish, R B. Expanding role for offshore gas. United States.
Lawrence, G H, and Kalish, R B. 1980. "Expanding role for offshore gas". United States.
@article{osti_5077715,
title = {Expanding role for offshore gas},
author = {Lawrence, G H and Kalish, R B},
abstractNote = {A significant percentage of our natural gas supply lies buried beneath the oceans. If developed, it can make a major contribution to the energy mix of the US. During the past year, AGA supported legislation to expedite the lease sale program of the outer continental shelf (OCS). The OCS can play a substantial role in meeting our domestic gas and oil needs in the near to mid-term until alternative energy sources can make a greater contribution to our national energy supply situation. Encouraging developments also are taking place in offshore explorations; Texas recently reported three gas finds from the area of the Canyon tracts. One reason that offshore gas activity has accelerated only in recent years is its high cost in comparison with onshore production. As the more costly equipment and technology for offshore exploration and development becomes available, the returns on investing in this area will continue to increase. (DP)},
doi = {},
url = {https://www.osti.gov/biblio/5077715}, journal = {Ocean Ind.; (United States)},
number = ,
volume = 15:5,
place = {United States},
year = {Thu May 01 00:00:00 EDT 1980},
month = {Thu May 01 00:00:00 EDT 1980}
}