Davis Strait estimated that at least 13% of the world's undiscovered oil deposits and 30% of the world's undiscovered gas pockets are located in the Arctic, with the seas around Greenland potentially holding large amounts of natural gas and lesser amounts of crude oil and natural gas liquids. This has led Greenland's minister and provincial council to offer a large number of off-shore concessions to potential hydrocarbon (oil and gas) extraction. The largest concessions areas are located in seas west of Greenland, primarily the Davis Strait and Baffin Bay, but with several smaller concessions in the Greenland Sea in the east also.
Baffin Island is also a year-round resident of Baffin Island. Unlike the gray wolf in southern climes, Arctic wolves often do not hunt in packs, although a male-female pair may hunt together. In the water (or under the ice) the year-round visitors are mainly the ringed seal. The ringed seal lives off-shore within of land. During the winter, it makes a number of breathing holes through ice up to thick by visiting each one often, and keeping the hole open and free from ice. In March, when a female is ready to whelp, she will enlarge one of the breathing holes that