The Bureau of Ocean Energy Management (BOEM) is pleased to announce that it has released a report highlighting oil and gas activity in the deep water Gulf of Mexico, one of the world's most productive hydrocarbon basins.
"As I look forward to the Gulf of Mexico's future, I am pleased to present this report on current deep water activities focused on oil and gas leasing, seismic, well data and geology," said Mike Celata, BOEM, Gulf of Mexico Regional Director. In its latest report, BOEM expanded upon its 2016 edition to extend the focus beyond resource potential to include environmental assessment and study information. It also presents detailed information on resources and production for the deep water portion of the Gulf of Mexico.
The Gulf of Mexico has decades of production history and is the primary offshore source of hydrocarbons for the United States, generating approximately 98% of all offshore oil and natural gas production. Deepwater wells drilled in 1,000 feet (305 meters) of water or greater, represent most of that total production over the past 15 years.
In 2019, the Gulf of Mexico produced 596.9 million barrels, or 15% of domestic oil production, and $5.7 billion in direct revenues to the government. Additionally, offshore oil and gas supported 275,000 total domestic jobs and $60 billion total economic contributions in the U.S.
The new report is available for download on the BOEM website at https://www.boem.gov/regions/gulf-mexico-ocs-region/deepwater-gulf-mexico-report-2019.