Economics, Energy Resources, and Future Energy Supply

Flow Regime Changes in Hydraulically Fractured Bakken Oil Wells

Flow Regime Changes in Hydraulically Fractured Bakken Oil Wells

Attanasi, E.D., Coburn, T.C., and Ran-McDonald, B., 2018, Statistical detection of flow regime changes in horizontal hydraulically fractured Bakken oil wells: Natural Resources Research, pp 259-272, Vol. 28, No. 1.

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Using CO2 Prophet to estimate recovery factors for EOR

Using CO2 Prophet to estimate recovery factors for EOR

Attanasi, E.D., 2017, Using CO2 Prophet to estimate recovery factors for carbon dioxide enhanced oil recovery, chap. B of Verma, M.K., ed., Scientific Investigations Report 2017–5062, p. B1–B10.

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Science Center Objects

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