The oil industry just lost its chance at finding a fossil fuel goldmine in the U.S. Arctic. On Tuesday, Royal Dutch Shell formally gave up on its decade-long attempt of striking oil in the Arctic’s icy waters, relinquishing all but one of its oil and gas leases off of Alaska’s northwest coast. Last fall, the company abandoned its drilling plans in the Chukchi Sea for the “foreseeable” future, and President Barack Obama’s canceled new oil and gas leases there, too.

But that doesn’t mean offshore drilling is slowing down.

The Gulf of Mexico, long an epicenter of offshore drilling, is still wide open — and its oil and gas production is growing. There are currently more than 5,000 offshore active oil and natural gas leases in the Gulf of Mexico, according to the Bureau of Ocean Energy Management (BOEM). More than two-thirds of these leases are for deep water drilling.