Economics, Energy Resources, and Future Energy Supply
The members of this project have prepared a number of analyses that constitute the economic components of energy resource assessments. They have also proposed enhancements to geologic assessment data and methods that make results of assessments immediately amenable to economic analysis. In addition, they apply theoretically sound valuation methodologies to assess the commercial value of currently marginal oil and gas resources, such as heavy oil, natural bitumen, stranded gas, and resources in high cost environments.
Economic components of undiscovered oil and gas assessments present estimates of the cost of finding, developing, producing, and transporting to market the undiscovered resources assessed by the USGS geologists:
- The enhancement of assessment data and methods to include an economic dimension will lead to improved strategic decisions by public policymakers concerning national and international energy resources.
- Economic assessment of marginal oil resources includes the formulation and estimation of cost functions to extract heavy oil and bitumen in known deposits and to transform those resources to high value transportation fuels
- Economic assessment of stranded gas provides estimates of the cost of developing, producing, and transporting to market remote natural gas in known fields
Below are other science projects associated with this project.
Economics of Energy Transitions
Economics of Global Marginal Hydrocarbon and Non-traditional Resources
Economics of U.S. Oil and Gas Resources
Below are multimedia items associated with this project.
Below are publications associated with this project.
Well predictive performance of play-wide and Subarea Random Forest models for Bakken productivity
Estimating market conditions for potential entry of new sources of anthropogenic CO2 for EOR in the Permian Basin
Growth drivers of Bakken oil well productivity
Improving pressure-limited CO2 storage capacity in saline formations by means of brine extraction
Statistics of petroleum exploration in the world outside the United States and Canada through 2015
Estimating the pressure-limited dynamic capacity and costs of basin-scale CO2 storage in a Saline Formation
Statistical detection of flow regime changes in horizontal hydraulically fractured Bakken oil wells
Estimating the pressure-limited CO2 injection and storage capacity of the United States saline formations: Effect of the presence of hydrocarbon reservoirs
Economics, helium, and the U.S. Federal Helium Reserve: Summary and outlook
Case study - Dynamic pressure-limited capacity and costs of CO2 storage in the Mount Simon sandstone
Using CO2 Prophet to estimate recovery factors for carbon dioxide enhanced oil recovery
Cost implications of uncertainty in CO2 storage resource estimates: A review
Below are news stories associated with this project.
The members of this project have prepared a number of analyses that constitute the economic components of energy resource assessments. They have also proposed enhancements to geologic assessment data and methods that make results of assessments immediately amenable to economic analysis. In addition, they apply theoretically sound valuation methodologies to assess the commercial value of currently marginal oil and gas resources, such as heavy oil, natural bitumen, stranded gas, and resources in high cost environments.
Economic components of undiscovered oil and gas assessments present estimates of the cost of finding, developing, producing, and transporting to market the undiscovered resources assessed by the USGS geologists:
- The enhancement of assessment data and methods to include an economic dimension will lead to improved strategic decisions by public policymakers concerning national and international energy resources.
- Economic assessment of marginal oil resources includes the formulation and estimation of cost functions to extract heavy oil and bitumen in known deposits and to transform those resources to high value transportation fuels
- Economic assessment of stranded gas provides estimates of the cost of developing, producing, and transporting to market remote natural gas in known fields
Below are other science projects associated with this project.
Economics of Energy Transitions
Economics of Global Marginal Hydrocarbon and Non-traditional Resources
Economics of U.S. Oil and Gas Resources
Below are multimedia items associated with this project.
Below are publications associated with this project.
Well predictive performance of play-wide and Subarea Random Forest models for Bakken productivity
Estimating market conditions for potential entry of new sources of anthropogenic CO2 for EOR in the Permian Basin
Growth drivers of Bakken oil well productivity
Improving pressure-limited CO2 storage capacity in saline formations by means of brine extraction
Statistics of petroleum exploration in the world outside the United States and Canada through 2015
Estimating the pressure-limited dynamic capacity and costs of basin-scale CO2 storage in a Saline Formation
Statistical detection of flow regime changes in horizontal hydraulically fractured Bakken oil wells
Estimating the pressure-limited CO2 injection and storage capacity of the United States saline formations: Effect of the presence of hydrocarbon reservoirs
Economics, helium, and the U.S. Federal Helium Reserve: Summary and outlook
Case study - Dynamic pressure-limited capacity and costs of CO2 storage in the Mount Simon sandstone
Using CO2 Prophet to estimate recovery factors for carbon dioxide enhanced oil recovery
Cost implications of uncertainty in CO2 storage resource estimates: A review
Below are news stories associated with this project.