About This Item

Share This Item

The AAPG/Datapages Combined Publications Database

AAPG Bulletin

Abstract

Volume: 72 (1988)

Issue: 10B. (October Part B)

First Page: 72

Last Page: 74

Title: Oil and Gas Developments in Louisiana Gulf Coast Offshore in 1987

Author(s): Frank R. Morris, Michael R. Brister (2)

Abstract:

During 1987, a total of 632 wells were drilled in offshore Louisiana, a decrease of 40 wells from 1986. The overall success rate increased slightly from 57% in 1986 to 60% in 1987. The success rate for new-field wildcats increased to 37% from 24% in 1986 with about the same number of wells drilled. The number of other exploratory wells increased by about 51%, with nearly the same success rate (50%) as in 1986. The number of drilling platforms installed increased 100% compared with the sharp decline in 1986. Geophysical activity increased 39% from 1986 to 726.5 crew-weeks.

Federal OCS Lease Sale 110, held April 22, 1987, signaled a recovery in Gulf of Mexico exploration activity. Fifty-one companies exposed a total $341,540,856 in bids for 313 tracts. The government accepted bids on 293 tracts for a total of $262,971,486.

Liquids production during 1987 decreased 2% to 324 million bbl. Gas production increased 13% to 3,469 bcf from 1986 levels.

Pay-Per-View Purchase Options

The article is available through a document delivery service. Explain these Purchase Options.

Watermarked PDF Document: $14
Open PDF Document: $24

AAPG Member?

Please login with your Member username and password.

Members of AAPG receive access to the full AAPG Bulletin Archives as part of their membership. For more information, contact the AAPG Membership Department at [email protected].