OPERATORS BOOST OFFSHORE ACTION WHERE LEASES, PERMITS AVAILABLE

Bob Tippee Managing Editor-Economics and Exploration Bob Williams Senior Staff Writer Offshore exploration and development activity is growing in the shrinking U.S. area where it is allowed. The Gulf of Mexico remains the nation's busiest offshore drilling arena. Brisk leasing during the past several years, the need to replace rapidly depleting natural gas reserves, and the promise of world class oil reserves in water deeper than 1,000 ft drive the action.

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