Deepwater Gulf of Mexico 2004: America's Expanding ... - OCS BBS
Deepwater Gulf of Mexico 2004: America's Expanding ... - OCS BBS
Deepwater Gulf of Mexico 2004: America's Expanding ... - OCS BBS
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2,500<br />
Number <strong>of</strong> leases<br />
Average U.S. oil price<br />
Average U.S. natural gas price (wellhead)<br />
30<br />
2,000<br />
1,500<br />
1,000<br />
539<br />
500<br />
223<br />
332<br />
863<br />
405<br />
102<br />
395<br />
2,075<br />
1,002<br />
696<br />
25<br />
20<br />
15<br />
773 10<br />
5<br />
Number <strong>of</strong> Leases<br />
Auger leased (1985)<br />
1st Auger well (1987)<br />
1st Auger production (1994) .<br />
Typhoon leased (1995)<br />
1st Typhoon production (2001) .<br />
Thunder Horse leased (1988)<br />
1st Typhoon well (1998)<br />
1st Thunder Horse well (1999) .<br />
Dollars per Bbl and Dollars per Mcf (U.S. wellhead)<br />
30<br />
32<br />
4 11<br />
0<br />
0<br />
1974-75 1976-77 1978-79 1980-81 1982-83 1984-85 1986-87 1988-89 1990-91 1992-93 1994-95 1996-97 1998-99 2000-01 2002-03<br />
Year Lease Sale<br />
Figure 72. <strong>Deepwater</strong> lease activity and oil/natural gas prices (prices from U.S. Energy Information Administration: oil through<br />
September 2003 and natural gas through July 2003).<br />
103