The Getty Oil Company's recent interest in East Bay, within Santa Rosa 

 County, may be attributed to the fields discovered at Jay. The drilling site 

 was selected because of its direct proximity to an anticline located in the 

 Smackover and Norphlet geologic substructure of East Bay. 



The Getty Oil Company proposes to drill a 5,427-m (17,800-ft) exploratory 

 well near the center of East Bay to determine whether a marketable quantity of 

 oil or gas is present. If proven economically productive, up to eight addi- 

 tional wells will be drilled. According to the oil company, there is a 

 greater likelihood that natural gas, rather than oil, will be discovered and 

 that such a find will have a minimum of 15-year producing period. During that 

 period, Getty Oil estimates expeditures to total $91 million (1979 dollars) 

 for development and production and $43 million in revenues to State and local 

 governments. 



Table 2. Lease sales in 1959, 1973, 1976, and 1978 of 

 in Mississippi, Alabama, and Florida combined (MAFLA) 

 Department of the Interior (1980b). 



tracts in Florida and 

 as reported by the 



Lease sale 



Tracts 

 for 



offered 

 lease 



Tracts leased 



Percent of offered 

 tracts leased 



L.S. #5 is not considered part of MAFLA, 

 cent to Florida. 



but all leasing activity was adja- 



Table 3. Lease sales (in acres) offered and leased in 1959, 1973, 1976, and 

 1978 for Florida and for Mississippi, Alabama, and Florida combined (MAFLA) as 

 reported by the U.S. Department of the Interior (1980b). 



Lease sale 



Acres offered 



Acres leased 



Percent 

 acres 



offered 

 leased 



L.S. #5 is not 

 cent to Florida. 



considered part of MAFLA, but all leasing activity was adja- 



N3 



