Economics of U.S. Oil and Gas Resources
Estimating Recovery Factors
The U.S. Geological Survey prepares geologic assessments of undiscovered and undeveloped (identified) oil and gas resources (see National Oil and Gas Assessment website). In addition to our USGS oil and gas geologic assessments, economic research gives policymakers and analysts in the private sector additional information by scaling economic variables. Economic attributes must include the costs of finding, developing, and producing undiscovered and undeveloped resources for both conventional and unconventional oil and gas occurrences. This research activity provides for the economic analysis of selected USGS energy resource geologic assessments so that government policymakers and industry decision makers have information on what part of the resource is commercial and, if currently produced, how long production can be sustained. Another thrust of this ongoing research is to propose enhancements in assessment methods that would permit more transparency in the economic analysis of the assessed resource.
Below are other science projects associated with this project task.
Below are publications associated with this project task.
Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
Empirical methods for detecting regional trends and other spatial expressions in antrim shale gas productivity, with implications for improving resource projections using local nonparametric estimation techniques
Economic analysis of the 2010 U.S. Geological Survey assessment of undiscovered oil and gas in the National Petroleum Reserve in Alaska
Economics of undiscovered oil and gas in the North Slope of Alaska: Economic update and synthesis
Evaluation of procedures for prediction of unconventional gas in the presence of geologic trends
Economic decision making and the application of nonparametric prediction models
A Program for Partitioning Shifted Truncated Lognormal Distributions into Size-Class Bins
Economic decision making and the application of nonparametric prediction models
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
Below are news stories associated with this project task.
The U.S. Geological Survey prepares geologic assessments of undiscovered and undeveloped (identified) oil and gas resources (see National Oil and Gas Assessment website). In addition to our USGS oil and gas geologic assessments, economic research gives policymakers and analysts in the private sector additional information by scaling economic variables. Economic attributes must include the costs of finding, developing, and producing undiscovered and undeveloped resources for both conventional and unconventional oil and gas occurrences. This research activity provides for the economic analysis of selected USGS energy resource geologic assessments so that government policymakers and industry decision makers have information on what part of the resource is commercial and, if currently produced, how long production can be sustained. Another thrust of this ongoing research is to propose enhancements in assessment methods that would permit more transparency in the economic analysis of the assessed resource.
Below are other science projects associated with this project task.
Below are publications associated with this project task.
Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
Empirical methods for detecting regional trends and other spatial expressions in antrim shale gas productivity, with implications for improving resource projections using local nonparametric estimation techniques
Economic analysis of the 2010 U.S. Geological Survey assessment of undiscovered oil and gas in the National Petroleum Reserve in Alaska
Economics of undiscovered oil and gas in the North Slope of Alaska: Economic update and synthesis
Evaluation of procedures for prediction of unconventional gas in the presence of geologic trends
Economic decision making and the application of nonparametric prediction models
A Program for Partitioning Shifted Truncated Lognormal Distributions into Size-Class Bins
Economic decision making and the application of nonparametric prediction models
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
Below are news stories associated with this project task.