Geological and operational summary, Norton Sound COST No. 1 well, Norton Sound, Alaska

Title 30, Code of Federal Regulations (CFR), paragraph 251.14 stipulates that geological data and processed geological information obtained from Deep Stratigraphic Test wells drilled on the Outer Continental Shelf (OCS) be made available for public inspection 60 calendar days after the issuance of the first Federal lease within 50 nautical miles of the wellsite or 10 years after completion of the well if no leases are issued. Tracts within this distance of the first Norton Sound Deep Stratigraphic Test well (designated the ARCO Norton Sound COST No. 1 Well by the operator and hereafter referred to as the well or the No. 1 well) were offered for lease in Sale 57 on March 15, 1983. Ninety-eight bids on 64 tracts were received with the total high bids amounting to \$325 million. Fifty-nine bids were accepted and five rejected. The effective issuance date of the leases is June 1, 1983.