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.
Heavy oil and natural bitumen resources in geological basins of the world
Economic decision making and the application of nonparametric prediction models
Statistics of petroleum exploration in the world outside the United States and Canada through 2001
Siberian platform: Geology and natural bitumen resources
Prediction of resource volumes at untested locations using simple local prediction models
Economics of 1998 U.S. Geological Survey's 1002 Area regional assessment: An economic update
Undiscovered oil resources in the Federal portion of the 1002 Area of the Arctic National Wildlife Refuge: An economic update
Discovery sequence and the nature of low permeability gas accumulations
Economic analysis of undiscovered oil and gas of the central North Slope of Alaska, 2005
Economics of undiscovered oil and gas in the central North Slope, Alaska
A bootstrap approach to computing uncertainty in inferred oil and gas reserve estimates
Size-frequency analysis of petroleum accumulations in selected United States plays: potential analogues for frontier areas
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.
Heavy oil and natural bitumen resources in geological basins of the world
Economic decision making and the application of nonparametric prediction models
Statistics of petroleum exploration in the world outside the United States and Canada through 2001
Siberian platform: Geology and natural bitumen resources
Prediction of resource volumes at untested locations using simple local prediction models
Economics of 1998 U.S. Geological Survey's 1002 Area regional assessment: An economic update
Undiscovered oil resources in the Federal portion of the 1002 Area of the Arctic National Wildlife Refuge: An economic update
Discovery sequence and the nature of low permeability gas accumulations
Economic analysis of undiscovered oil and gas of the central North Slope of Alaska, 2005
Economics of undiscovered oil and gas in the central North Slope, Alaska
A bootstrap approach to computing uncertainty in inferred oil and gas reserve estimates
Size-frequency analysis of petroleum accumulations in selected United States plays: potential analogues for frontier areas
Below are news stories associated with this project.