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U.S. Department of Energy
Office of Scientific and Technical Information

Deep tracts revive East Coast spirit

Journal Article · · Offshore; (United States)
OSTI ID:5541391
The initiation of wildcatting in the controversial Georges Bank and the noted interest for deepwater tracts in the Baltimore Canyon during a recent lease sale are evidences of exploration. Offshore tracts in the deepwater Jurassic trend that stretches along the edge of the Baltimore Canyon trough captured the interest and most of the high bids. The tracts offered for the sale occupy 1.4 million acres of offshore territory located between 64 to 113 miles off Atlantic City to Virginia's Assateaque Island. Recent USGS estimates have reported there may be 962 million barrels of oil and 7.6 trillion cubic feet of natural gas in the 253 tracts on sale. Exxon, Shell and Mobil are exploratory drilling in the George Bank trough. (DP)
OSTI ID:
5541391
Journal Information:
Offshore; (United States), Journal Name: Offshore; (United States) Vol. 42:2; ISSN OFSHA
Country of Publication:
United States
Language:
English