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Tuesday, March 29, 2011

U.S. East Coast OCS

On August 17, 1976, the Minerals Management Service held an
auction of 154 leases off the East Coast raising $1.17 billion in lease
bonuses. Drilling on these leases commenced in 1977. A total of 35
wells were drilled in Baltimore Canyon. Eight of the 35 wells were
drilled in Hudson Canyon, which is part of the greater Baltimore
Canyon, and five of them tested natural gas at flow rates ranging
between 5.9 million cubic feet per day (mmcf/d) and 18.9 mmcf/d.
One of the wells also tested oil from a shallower formation at a flow
rate of 630 barrels per day of 48.4° API-quality crude oil. The oil
was found in a Texaco well that tested 18.9 mmcf/d of gas.

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