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The AAPG/Datapages Combined Publications Database
AAPG Bulletin
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The Louisiana Gulf Coast offshore area includes regions of the outer continental shelf extending to a water depth of 6,500 ft (2,000 m).
There were 987 wells drilled in the district during 1977, an increase of 9% from 1976. The success rate decreased 5.5% to 66.5%. More wildcat wells were drilled in 1977, but the number of discoveries was the same--28. The success rate for 1977 was 19.7%. New-pool and outpost drilling resulted in 57 discoveries--5 oil and 52 gas.
In Federal OCS lease sale 47, held in June 1977, 97 tracts were leased, for an average per acre bonus of $1,810 on 455,000 acres.
Geophysical activity increased slightly. Oil production continued the decline of recent years, whereas gas production increased.
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