Abstract
Twenty-three exploratory wells were drilled in Alaska in 1979. Six apparent oil discovery wells were drilled on the North Slope and 3 gas discoveries were made in the Cook Inlet basin. Four wells drilled in the Lower Cook Inlet OCS area were dry. Eighty-four development and service wells were drilled and successfully completed. Geologic-geophysical field activity by industry and government consisted of 77.95 crew-months, a decrease of 19%, compared to 1978. This decrease affected most of the major basins of the state except the Cook Inlet basin which had a 90% increase from the previous year. Federal acreage under lease decreased more than 30%, and state lease acreage declined slightly. Oil production showed an increase of 14% as the Prudhoe Bay field reached its potential. Gas production showed an increase of over 20%. The first joint Federal/State OCS lease sale was held in the Beaufort Sea and the first state sale of a 5-year leasing schedule was held. The federal land situation remains unresolved until the 17 (d) (2) question is decided by Congress.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
