Gas Reserve Estimation of Offshore Producible Shut-in Leases in the Gulf of Mexico A Report (1976) / Chapter Skim
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THE FPC REPORT ON OFFSHORE PRODUCIBLE SHUT-IN LEASES
THE FPC REPORT ON OFFSHORE PRODUCIBLE SHUT-IN LEASES
Pages 9-11
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From page 9... ...
The 168 leases were further classified on the basis of the type of hydrocarbon on the lease and the category of the lease term as follows: Producible Shut-In Leases Type of Hydrocarbon Primary Term Extended Term Total Units Gas 128 42 77 9 Oil 30 11 16 3 Oil and Gas 5 3 2 Undefined 5 4 1 Total 168 60 96 12 Reasons for the classification status of the 168 leases were identified and described with respect to justification of status under appropriate
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From page 10... ...
The report states that all reserves were estimated using the standard volumetric method of gas reserve calculation. This involved utilizing electric and other types of well logs, reflection seismograph maps, core analyses, well production tests, formation tests, well completion reports, and other information.
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From page 11... ...
. UPDATE OF FPC STUDY STATISTICS In a USGS memorandum of October 9, 1975 to the Chief of the Conservation Division, the Oil and Gas Supervisor of the Resource Evaluation and Analysis Division in the Gulf of Mexico Area summarized subsequent activity on leases included in the FPC study up to June 13, 1975 as follows: Nine leases have commenced production, while 15 additional leases have had one or more platforms constructed thereon, in addition to any before the study.
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