High Quality Content by WIKIPEDIA articles! Offshore drilling on the US Atlantic coast for oil and gas took place from 1947 to the early 1980s. Oil companies drilled 5 wells in Atlantic Florida state waters and 51 exploratory wells on federal leases on the outer continental shelf of the Atlantic coast. None of the wells were completed as producing wells. All the leases have now reverted to the government. US Atlantic coast federal offshore areas (Minerals Management Service) Although no oil or gas have been produced from beneath US Atlantic waters, there are active offshore fields to the south in offshore Cuba and to the north in offshore Canada.