Estimated oil and gas reserves, Gulf of Mexico outer continental shelf, January 1, 1979

Remaining recoverable reserves of oil* and as in the Gulf of Mexico Outer Continental Shelf area have been estimated to be about 2.76 billion barrels of oil and 37.2 trillion cubic feet of gas, as of January 1, 1979. These reserves are recoverable from 370 studied fields under the Federal submerged lands off the coasts of Louisiana and Texas. An additional 31 fields, discovered since September 1, 1977, have not been sufficiently developed to permit a reasonably accurate estimate of reserves. Original recoverable reserves are estimated to have been 7.5 billion barrels of oil and 76 trillion cubic feet of gas from 385 fields in the same geographic area. Included in this number are 15 fields that are depleted and abandoned; not included are the 31 new fields. Estimates were made for individual reservoirs in 289 fields and on a field-wide basis for the other 96 fields.

* The term "oil" as used in this report includes crude oil, condensate, and gas-plant liquids.