by crossthread » Mon 05 May 2008, 09:39:59
$this->bbcode_second_pass_quote('crossthread', '')$this->bbcode_second_pass_quote('TreeFarmer', 'A') number of exploratory wells were drilled off of the southeast coast back in the 1980's. What was or was not found was not publicized.
TF
Drilling was done off the Coast of NC, around Cape Hatteris area by Mobil back then..(EDIT: Includes MARATHON OIL COMPANY )
If I remember correctly, it was Natural Gas "mostly".. then PROMPTLY put "off limits" too drilling and exploration, .GOV bought back the "leases" (blocks)....
Now Locals here are trying too get it opened back up..
I did some Quick research. still Looking..
I believe that Mobile was looking at Natural Gas, upwards of around 90% possibilites that it IS there..
Along with Possibilities of finding Oil
I found some old Court Dockets..
Seems the Goverment leased the blocks, and I'm assuming took the Money and Leases back..
http://www.law.cornell.edu/supct/html/99-244.ZO.html
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Manteo Exploration Unit
OCS Leases Offshore North Carolina
Issue
At present, no active OCS oil and gas leases exist in any of the four Atlantic OCS Planning Areas. While more leases were originally issued offshore North Carolina, the primary focus had always been on the 21 leases comprising the Manteo Exploration Unit; $296 million was paid for these original 21 Manteo Unit leases. A joint effort by Mobil Oil and Marathon Oil paid $234,768,000 for five blocks.
The Manteo Exploration Unit was approved on May 25, 1990. The Manteo Unit had been subjected to three Suspensions of Operations (SOO) via several instruments including an MOU effective September 1, 1989; the Oil Pollution Act of 1990 (OPA 90)legislation; and OPA 90 and Environmental Sciences Review Panel recommendations of June 8, 1992.
Two of the 21 Manteo Unit leases had proceeded through the review and examination process to the point where exploration plans were "approved.” In July 1982, the MMS approved a Chevron plan to explore Manteo Block 510. This block had an approved Coastal Zone Management Act (CZMA) consistency concurrence from the State of North Carolina and an approved Application for Permit to Drill from the MMS since 1984. A new CZMA approval would be needed only if a proposed revision could result in a significant change in the previously identified impacts.
In September 1990, the MMS conditionally approved Mobil's exploration plan to explore Manteo Block 467. The State of North Carolina denied consistency on Mobil's Exploration Plan and discharge permit in November 1990. Mobil appealed the decision in 1990 and in September 1994, the U.S. Department of Commerce upheld the State's decision. Mobil appealed that decision in January 1995. In June 2000, the U.S. Supreme Court ruled in favor of Mobil/Marathon that a "taking" occurred. In July 2000, a District Court Judge dismissed Mobil's litigation against Commerce Department and North Carolina, the Unit SOO was terminated, and the primary term clock commenced on the (then) eight remaining leases, all of which were relinquished in November 2000.
No active leases exist off the Atlantic seaboard.
http://dcm2.enr.state.nc.us/Archives/Offshore/point.htm
Must be "something" worthwhile there as there has been LOTS of RUMORS of drilling/permits getting going again.
I found some "Assesments"?
Virginia’s outer continental shelf (OCS) areas have been subject to limited federal, state, and industry resource assessments. These studies show the geology in Virginia’s OCS area to be gas prone, although the presence of economically recoverable supplies is not assured. In addition, the presence of oil cannot be ruled out. Further geophysical exploration and drilling will be necessary to determine affirmatively whether economically recoverable natural gas or oil exists.
The federal MMS estimates that there may be 33.3 trillion cubic feet of natural gas and 3.5 billion barrels of oil (called undiscovered conventionally recoverable hydrocarbon resources) in the Atlantic OCS. On a pro rata basis, this would total to about 11.7 trillion cubic feet of gas and 1.2 billion barrels of oil in the mid-Atlantic area. Based on MMS’s January 3, 2006, identification of offshore administrative boundaries, Virginia’s OCS area makes up about 11% of the mid-Atlantic OCS prospective production area. This percentage is considerably less than the percentage of the OCS area that was anticipated during the advisory group discussions. Royalty estimates depend on the amount of resources recoverable and the cost of gas or oil. There could be from zero to over $10 billion in total value of natural gas in the MMS’s Virginia offshore administrative boundary areas.
http://leg2.state.va.us/dls/h&sdocs.nsf ... enDocument
Also Some off New Jersey! (Rhode Island)..
http://www.gomr.mms.gov/PDFs/2000/2000-031.pdf