Economics, Energy Resources, and Future Energy Supply Completed
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.
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
Survey of stranded gas and delivered costs to Europe of selected gas resources
Natural bitumen and extra-heavy oil
Economics of undiscovered oil and gas in the North Slope of Alaska: Economic update and synthesis
The National Coal Resource Assessment Overview
Evaluation of procedures for prediction of unconventional gas in the presence of geologic trends
Database for Assessment Unit-Scale Analogs (Exclusive of the United States)
Volatility of bitumen prices and implications for the industry
Economic decision making and the application of nonparametric prediction models
Natural bitumen and extra-heavy oil
A Program for Partitioning Shifted Truncated Lognormal Distributions into Size-Class Bins
Below are news stories associated with this project.
- Overview
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
- Science
Below are other science projects associated with this project.
- Multimedia
Below are multimedia items associated with this project.
- Publications
Below are publications associated with this project.
Filter Total Items: 56Empirical 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
The primary objectives of this research were to (1) investigate empirical methods for establishing regional trends in unconventional gas resources as exhibited by historical production data and (2) determine whether or not incorporating additional knowledge of a regional trend in a suite of previously established local nonparametric resource prediction algorithms influences assessment results. ThrAuthorsTimothy C. Coburn, Philip A. Freeman, Emil D. AttanasiEconomic analysis of the 2010 U.S. Geological Survey assessment of undiscovered oil and gas in the National Petroleum Reserve in Alaska
No abstract available.AuthorsEmil D. Attanasi, Philip A. FreemanSurvey of stranded gas and delivered costs to Europe of selected gas resources
Two important trends affecting the expected growth of global gas markets are (1) the shift by many industrialized countries from coal-fired electricity generation to the use of natural gas to generate electricity and (2) the industrialization of the heavily populated Asian countries of India and China. This paper surveys discovered gas in stranded conventional gas accumulations and presents estimaAuthorsEmil D. Attanasi, Philip A. FreemanNatural bitumen and extra-heavy oil
Natural bitumen and extra-heavy oil are characterised by high viscosity, high density (low API gravity), and high concentrations of nitrogen, oxygen, sulphur, and heavy metals. These characteristics result in higher costs for extraction, transportation, and refining than are incurred with conventional oil. Despite their cost and technical challenges, major international oil companies have found itAuthorsEmil D. Attanasi, Richard F. MeyerEconomics of undiscovered oil and gas in the North Slope of Alaska: Economic update and synthesis
The U.S. Geological Survey (USGS) has published assessments by geologists of undiscovered conventional oil and gas accumulations in the North Slope of Alaska; these assessments contain a set of scientifically based estimates of undiscovered, technically recoverable quantities of oil and gas in discrete oil and gas accumulations that can be produced with conventional recovery technology. The assessAuthorsEmil D. Attanasi, Philip A. FreemanThe National Coal Resource Assessment Overview
The U.S. Geological Survey (USGS) has completed the National Coal Resource Assessment (NCRA), a multiyear project by the USGS Energy Resources Program, in partnership with State geological surveys in the coal producing regions of the United States. The NCRA is the first digital national coal-resource assessment. Coal beds and zones were assessed in five regions that account for more than 90 percenAuthorsBrenda S. Pierce, Kristin O. DennenEvaluation of procedures for prediction of unconventional gas in the presence of geologic trends
This study extends the application of local spatial nonparametric prediction models to the estimation of recoverable gas volumes in continuous-type gas plays to regimes where there is a single geologic trend. A transformation is presented, originally proposed by Tomczak, that offsets the distortions caused by the trend. This article reports on numerical experiments that compare predictive and clasAuthorsE.D. Attanasi, T.C. CoburnDatabase for Assessment Unit-Scale Analogs (Exclusive of the United States)
This publication presents a database of geologic analogs useful for the assessment of undiscovered oil and gas resources. Particularly in frontier areas, where few oil and gas fields have been discovered, assessment methods such as discovery process models may not be usable. In such cases, comparison of the assessment area to geologically similar but more maturely explored areas may be more appropAuthorsRonald R. Charpentier, T. R. Klett, E. D. AttanasiVolatility 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 contextAuthorsE.D. AttanasiEconomic 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 mustAuthorsEmil D. Attanasi, Timothy C. Coburn, Philip A. FreemanNatural bitumen and extra-heavy oil
Since 2005, oil price increases have greatly increased investment in the production of extra- heavy oil and natural bitumen (tar sands or oil sands) to supplement conventional oil supplies. These oils are characterised by their high viscosity, high density (low API gravity), and high concentrations of nitrogen, oxygen, sulphur, and heavy metals. Extra-heavy oil and natural bitumen are the remnantsAuthorsEmil D. Attanasi, R. F. MeyerA Program for Partitioning Shifted Truncated Lognormal Distributions into Size-Class Bins
In recent years, oil and gas accumulation-size frequency distributions have become a standard way to characterize undiscovered conventional oil and gas resources that have been postulated by geologic assessments. The preparation of such distributions requires the assessment geologists to explicitly choose parameters for the probability distribution for the sizes of undiscovered accumulations. TheAuthorsE. D. Attanasi, Ronald R. Charpentier - News
Below are news stories associated with this project.