Oil and Gas Developments in Louisiana Gulf Coast Offshore in 1981

ABSTRACT In offshore Lousiana in 1981, 984 wells were drilled, an increase of 65 from 1980. The overall success rate increased 0.9% from 1980; 26 more wildcats were drilled, with an increase in success rate of 4.3% (to 23.9%). Exploratory drilling decreased from 97 wells in 1980 to 90 wells in 1981. The success rate increased 5.5% (to 62.2%), with 56 new-pool and outpost discoveries. In Federal OCS Sale A66, held July 21, 1981, 91 tracts, encompassing 441,251 acres, in offshore Louisiana were leased for bonuses totaling $1.527 billion. In Federal OCS Sale 66, held October 20, 1981, 82 offshore Louisiana tracts, encompassing 393,088 acres, were leased for bonuses totaling $1.242 billion. Geophysical activity increased from 826.5 crew-weeks reported in 1980 to a record 1,199.5 crew-weeks in 1981.