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.
Below are multimedia items associated with this project.
Below are publications associated with this project.
Risk, liability, and economic issues with long-term CO2 storage—A review
Bitumen prices and structural changes in North American crude oil markets
Play-level distributions of estimates of recovery factors for a miscible carbon dioxide enhanced oil recovery method used in oil reservoirs in the conterminous United States
A strategy for low cost development of incremental oil in legacy reservoirs
Profiles of reservoir properties of oil-bearing plays for selected petroleum provinces in the United States
Evaluation of development options for Alaska North Slope viscous and heavy oil
Commercial possibilities for stranded conventional gas from Alaska's North Slope
Meeting Asia's future gas import demand with stranded natural gas from central Asia, Russia, Southeast Asia, and Australia
National assessment of geologic carbon dioxide storage resources: methodology implementation
Role of stranded gas in increasing global gas supplies
Assessment of potential additions to conventional oil and gas resources in discovered fields of the United States from reserve growth, 2012
Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
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.
Below are multimedia items associated with this project.
Below are publications associated with this project.
Risk, liability, and economic issues with long-term CO2 storage—A review
Bitumen prices and structural changes in North American crude oil markets
Play-level distributions of estimates of recovery factors for a miscible carbon dioxide enhanced oil recovery method used in oil reservoirs in the conterminous United States
A strategy for low cost development of incremental oil in legacy reservoirs
Profiles of reservoir properties of oil-bearing plays for selected petroleum provinces in the United States
Evaluation of development options for Alaska North Slope viscous and heavy oil
Commercial possibilities for stranded conventional gas from Alaska's North Slope
Meeting Asia's future gas import demand with stranded natural gas from central Asia, Russia, Southeast Asia, and Australia
National assessment of geologic carbon dioxide storage resources: methodology implementation
Role of stranded gas in increasing global gas supplies
Assessment of potential additions to conventional oil and gas resources in discovered fields of the United States from reserve growth, 2012
Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
Below are news stories associated with this project.