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Volatility of bitumen prices and implications for the industry

Sustained crude oil price increases have led to increased investment in and production of Canadian bitumen to supplement North American oil supplies. For new projects, the evaluation of profitability is based on a prediction of the future price path of bitumen and ultimately light/medium crude oil. This article examines the relationship between the bitumen and light crude oil prices in the context
Authors
E.D. Attanasi

Economic decision making and the application of nonparametric prediction models

Sustained increases in energy prices have focused attention on gas resources in low-permeability shale or in coals that were previously considered economically marginal. Daily well deliverability is often relatively small, although the estimates of the total volumes of recoverable resources in these settings are often large. Planning and development decisions for extraction of such resources must
Authors
Emil D. Attanasi, Timothy C. Coburn, Philip A. Freeman

Geochemical signatures of thermochemical sulfate reduction in controlled hydrous pyrolysis experiments

A series of gold tube hydrous pyrolysis experiments was conducted in order to investigate the effect of thermochemical sulfate reduction (TSR) on gas generation, residual saturated hydrocarbon compositional alteration, and solid pyrobitumen formation. The intensity of TSR significantly depends on the H2O/MgSO4 mole ratio, the smaller the ratio, the stronger the oxidizing conditions. Under highly o
Authors
T. Zhang, G.S. Ellis, C.C. Walters, S.R. Kelemen, Kang-shi Wang, Y. Tang

Estimating pore-space gas hydrate saturations from well log acoustic data

Relating pore-space gas hydrate saturation to sonic velocity data is important for remotely estimating gas hydrate concentration in sediment. In the present study, sonic velocities of gas hydrate–bearing sands are modeled using a three-phase Biot-type theory in which sand, gas hydrate, and pore fluid form three homogeneous, interwoven frameworks. This theory is developed using well log compression
Authors
Myung W. Lee, William F. Waite

Miocene Total Petroleum System -- Lower Bakersfield Arch Assessment Unit of the San Joaquin Basin Province: Chapter 14 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The Lower Bakersfield Arch Assessment Unit (AU) of the Miocene Total Petroleum System (San Joaquin Basin Province) is primarily defined by the distribution of hydrocarbons generated from biosiliceous shale of the Monterey Formation and by the distribution of basinal-facies sandstones of the Stevens sand of Eckis (1940; hereafter referred to as Stevens sand). Traps are principally stratigraphic and
Authors
Donald L. Gautier, Allegra Hosford Scheirer

A four-dimensional petroleum systems model for the San Joaquin Basin Province, California: Chapter 12 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

A calibrated numerical model depicts the geometry and three-dimensional (3-D) evolution of petroleum systems through time (4-D) in a 249 x 309 km (155 x 192 mi) area covering all of the San Joaquin Basin Province of California. Model input includes 3-D structural and stratigraphic data for key horizons and maps of unit thickness, lithology, paleobathymetry, heat flow, original total organic carbon
Authors
Kenneth E. Peters, Leslie B. Magoon, Carolyn Lampe, Allegra Hosford Scheirer, Paul G. Lillis, Donald L. Gautier

Petroleum systems of the San Joaquin Basin Province -- geochemical characteristics of gas types: Chapter 10 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The San Joaquin Basin Province is a petroliferous basin filled with predominantly Late Cretaceous to Pliocene-aged sediments, with organic-rich marine rocks of Late Cretaceous, Eocene, and Miocene age providing the source of most of the oil and gas. Previous geochemical studies have focused on the origin of the oil in the province, but the origin of the natural gas has received little attention. T
Authors
Paul G. Lillis, Augusta Warden, George E. Claypool, Leslie B. Magoon

Winters-Domengine Total Petroleum System—Northern Nonassociated Gas Assessment Unit of the San Joaquin Basin Province: Chapter 21 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The Northern Nonassociated Gas Assessment Unit (AU) of the Winters-Domengine Total Petroleum System of the San Joaquin Basin Province consists of all nonassociated gas accumulations in Cretaceous, Eocene, and Miocene sandstones located north of township 15 South in the San Joaquin Valley. The northern San Joaquin Valley forms a northwest-southeast trending asymmetrical trough. It is filled with an
Authors
Allegra Hosford Scheirer, Leslie B. Magoon

Miocene Total Petroleum System -- Southeast Stable Shelf Assessment Unit of the San Joaquin Basin Province: Chapter 13 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The confirmed stratigraphic and structural-stratigraphic Southeast Stable Shelf Assessment Unit (AU) of the Miocene Total Petroleum System (San Joaquin Basin Province) comprises all hydrocarbon accumulations within the geographic limits of the AU. Traps typically display low dip angles, gentle folds, and normal faults. Reservoirs, which range in age from fractured Mesozoic basement rocks to Holoce
Authors
Donald L. Gautier, Allegra Hosford Scheirer

Age, distribution, and stratigraphic relationship of rock units in the San Joaquin Basin Province, California: Chapter 5 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The San Joaquin Basin is a major petroleum province that forms the southern half of California’s Great Valley, a 700-km-long, asymmetrical basin that originated between a subduction zone to the west and the Sierra Nevada to the east. Sedimentary fill and tectonic structures of the San Joaquin Basin record the Mesozoic through Cenozoic geologic history of North America’s western margin. More than 2
Authors
Allegra Hosford Scheirer, Leslie B. Magoon

California Cenozoic Biostratigraphy -- Paleogene: Chapter 4 in Petroleum systems and geologic assessment of oil and gas in the San Joaquin Basin Province, California

The time transgressive nature of the California benthic foraminiferal stages is in most cases the result of poor taxonomy, use of local species ranges, and a lack of understanding about the type sections. Correcting these problems allows the stages to be consistently applied and enhances their ability to identify coeval strata. Each stage is identified by the first and last appearances of selected
Authors
Kristin McDougall

Assessment of the Mowry Shale and Niobrara Formation as Continuous Hydrocarbon Systems, Powder River Basin, Montana and Wyoming

A recent U.S. Geological Survey (USGS) oil and gas assessment of the Powder River Basin , Wyoming and Montana, identified the Upper Cretaceous Mowry Shale and Niobrara Formation as the primary hydrocarbon sources for Cretaceous conventional and unconventional reservoirs. Cumulative Mowry-sourced petroleum production is about 1.2 BBO (billion barrels of oil) and 2.2 TCFG (trillion cubic feet of gas
Authors
Lawrence O. Anna, Troy A. Cook