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.
Economics of undiscovered oil in Federal Lands on the National Petroleum Reserve, Alaska
Uncertainty and inferred reserve estimates — The 1995 National Assessment
Some aspects of resource uncertainty and their economic consequences in assessment of the 1002 Area of the Arctic National Wildlife Refuge
Comparison of two probability distributions used to model sizes of undiscovered oil and gas accumulations: Does the tail wag the assessment?
Geologic coal assessment: The interface with economics
Forces Shaping Future U.S. Coal Production and Use
Inferred oil and gas reserve estimates for the United States
Coal marketability; effects of deregulation and regulation
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.
Economics of undiscovered oil in Federal Lands on the National Petroleum Reserve, Alaska
Uncertainty and inferred reserve estimates — The 1995 National Assessment
Some aspects of resource uncertainty and their economic consequences in assessment of the 1002 Area of the Arctic National Wildlife Refuge
Comparison of two probability distributions used to model sizes of undiscovered oil and gas accumulations: Does the tail wag the assessment?
Geologic coal assessment: The interface with economics
Forces Shaping Future U.S. Coal Production and Use
Inferred oil and gas reserve estimates for the United States
Coal marketability; effects of deregulation and regulation
Below are news stories associated with this project.