INFORMATION CIRCULAR NO. 42


 The lessor, approximate locations, and outlines of State leases
located offshore from the west coast of Florida, acreage contained in
each lease, and bonuses and annual rentals paid are shown on figure 4.
All leases provide that the State's share of production shall be one-
eighth of the value of the oil at the wellhead. There also is a 5 percent
severance tax on the value of the oil at the wellhead (Florida Statutes
Chapter 211.02).


 GEOPHYSICS

 Geophysical activity in Florida in 1962 is summarized in table 4.

 For 8 weeks in May and June of 1962 the Pan American Petroleum
Corporation had a Western Geophysical Company crew working on federal
water mostly off the coast of southern Georgia, with some of the work
being off the coast of northern Florida.

 During each of the 2 years preceding 1962, the geophysical activity
in Florida was:
 SCrew weeks of
Year geophysical activity Source

1961 49 International Oil and Gas
 Development Year Book
 of 1962, part 1, p. 54
 1960 89 Vernon and Hendry (1960,
 p. 7)

 Crew weeks of geophysical activity in Florida, by counties,of the
 21-year interval, 1941-61, inclusive, were obtained from the International
 Oil and GasYear Book pertaining to each of the included years, and are
 shown in table 5.

 In 1959 there was an additional 17 crew weeks of seismic activity
 over water bottom acreage which lies beyond the jurisdiction of the State
 of Florida (further offshore than 3 leagues or 10.36 statute miles).