Abstract
The Upper Gulf Coast of Texas had a slight increase of 2.2% in drilling activity this year. The total number of wells drilled (exploratory + development) was 1,130 versus 1,106 last year. The increase is due to a 8.5% increase in development drilling while exploratory drilling declined by 3.6%. The success for all drilling was 54%, most of which is attributable to the 76% success rate for onshore development wells. The Eocene-Paleocene trend and the Oligocene trend were the most active onshore areas and the Pleistocene trend continued to dominate the offshore activity. Six platforms had been set in the Pleistocene trend by year end and 14 more were scheduled to be set. Six lease sales were held this past year; 3 were state sales and the others were federal offshore-contin ntal-shelf sales. Federal Sales OCS 37 and 38-A offered acreage in the Upper Gulf Coast area and drew record low bids.
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.
