Estimated oil and gas reserves, Gulf of Mexico Outer Continental Shelf, December 31, 1979

Abstract

Remaining recoverable reserves of oil and gas in the Gulf of Mexico outer continental shelf area have been estimated to be approximately 2.88 billion bbl of oil and 38.0 tcf of gas, as of December 31, 1979. These reserves are recoverable from 402 studied fields under the federal submerged lands off the coasts of Louisiana and Texas. An additional 52 fields, discovered since September 1, 1978, have not been sufficiently developed to permit a reasonably accurate estimate of reserves. Original recoverable reserves are estimated to have been 7.71 billion bbl of oil and 82.2 tcf of gas from 417 fields in the same geographic area. Included in this number are 15 fields that are depleted and abandoned; not included are the 52 new fields. Estimates were made for individual reservoirs in 329 fields and on a field-wide basis for the other 88 fields.