Oil and gas developments in Louisiana Gulf Coast offshore in 1983

Journal Article · Mon Oct 01 04:00:00 EDT 1984 · Am. Assoc. Pet. Geol., Bull.; (United States)

OSTI ID:6296165

Weiss, E A; Voorhees, D H

In 1983, offshore Louisiana had 1008 wells drilled, a decrease of 25 wells from 1982. The overall success rate decreased 2.6% to (62.5%) from 1982. The success rate for wildcats decreased to 21.2%, with 38 new-field discoveries. The success rate for new-pool and outpost drilling decreased to 47.1%, with 32 discoveries. At Federal Lease Sale 72 on May 25, 1983, the first area-wide federal lease sale in the Gulf of Mexico, a record $4.58 billion was bid on 656 leases by 80 companies. The total of accepted winning bids on 623 tracts (3,089,872 acres) was $3.37 billion. Geophysical activity decreased to 1220 crew-weeks, down 13% from 1982.

• Research Organization: Gulf Oil Corp., New Orleans, LA
• OSTI ID: 6296165
• Journal Information: Am. Assoc. Pet. Geol., Bull.; (United States), Journal Name: Am. Assoc. Pet. Geol., Bull.; (United States) Vol. 68:10; ISSN AAPGB
• Country of Publication: United States
• Language: English

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DRILLING
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