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.
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
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?
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 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.
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
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?
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 task.