Oil and gas developments in Louisiana Gulf Coast Offshore in 1984

Journal Article · Tue Oct 01 04:00:00 EDT 1985 · AAPG Bull.; (United States)

OSTI ID:6419826

Voorhees, D H; Forsthoff, H S

In 1984 in offshore Louisiana, 1,145 wells were drilled, an increase of 137 wells from 1983. The overall success rate increased to 63.9% in 1984 from 62.5% in 1983. The success rate for wildcats increased to 25.5%, with 65 new-field discoveries. The success rate for new-pool and outpost drilling increased to 59.6%, with 34 discoveries. A deep-water drilling boom along the ''Flexure trend'' led to a number of significant oil discoveries with estimated reserves of more than 1 billion bbl of oil equivalent. At Federal Lease Sale 81 on April 24, 1984, $2.13 billion was bid on 529 leases by 80 companies. The total of accepted winning bids on 452 tracts (2,272,369 ac) was $1.32 billion. Geophysical activity fell 7% from 1983 to 1,133 crewweeks, while liquids and gas production rose 10% and 13%, respectively.

• Research Organization: Gulf Oil Exploration and Production Company, New Orleans, Louisiana
• OSTI ID: 6419826
• Journal Information: AAPG Bull.; (United States), Journal Name: AAPG Bull.; (United States) Vol. 69:10; ISSN AABUD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020000* -- Petroleum
03 NATURAL GAS
030000 -- Natural Gas
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
DRILLING
EXPLOITATION
EXPLORATION
EXPLORATORY WELLS
FEDERAL REGION VI
GEOLOGIC DEPOSITS
GEOPHYSICAL SURVEYS
GULF COAST
LAND LEASING
LEASING
LOUISIANA
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
NORTH AMERICA
OFFSHORE DRILLING
OIL WELLS
PETROLEUM DEPOSITS
RESOURCE DEVELOPMENT
RESOURCES
SURVEYS
USA
WELL DRILLING
WELLS