Abstract
In 1984 in offshore Louisiana, 1,145 wells were drilled, an increase of 137 wells from 1983. The overall success rate increased to 63.9% in 1984 from 62.5% in 1983. The success rate for wildcats increased to 25.5%, with 65 new-field discoveries. The success rate for new-pool and outpost drilling increased to 59.6%, with 34 discoveries. A deep-water drilling boom along the Flexure trend led to a number of significant oil discoveries with estimated reserves of more than 1 billion bbl of oil equivalent. At Federal Lease Sale 81 on April 24, 1984, $2.13 billion was bid on 529 leases by 80 companies. The total of accepted winning bids on 452 tracts (2,272,369 ac) was $1.32 billion. Geophysical activity fell 7% from 1983 to 1,133 crew-weeks, while liquids and gas production rose 10% and 13%, respectively.
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