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
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Below are multimedia items associated with this project.
Below are publications associated with this project.
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?
Geologic coal assessment: The interface with economics
Forces Shaping Future U.S. Coal Production and Use
Inferred oil and gas reserve estimates for the United States
Coal marketability; effects of deregulation and regulation
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- 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: 56Economics of undiscovered oil in Federal Lands on the National Petroleum Reserve, Alaska
No abstract available.AuthorsE. D. AttanasiUncertainty and inferred reserve estimates — The 1995 National Assessment
Inferred reserves are expected additions to proved reserves of oil and gas fields discovered as of a certain date. Inferred reserves accounted for 65 percent of the total oil and 34 percent of the total gas assessed in the U.S. Geological Survey's 1995 National Assessment of oil and gas in onshore and State offshore areas. The assessment predicted that over the 80-year period from 1992 through 207AuthorsEmil D. Attanasi, Timothy C. CoburnSome aspects of resource uncertainty and their economic consequences in assessment of the 1002 Area of the Arctic National Wildlife Refuge
Exploration ventures in frontier areas have high risks. Before committing to them, firms prepare regional resource assessments to evaluate the potential payoffs. With no historical basis for directly estimating size distribution of undiscovered accumulations, reservoir attribute probability distributions can be assessed subjectively and used to project undiscovered accumulation sizes. Three questiAuthorsEmil D. Attanasi, John H. SchuenemeyerComparison of two probability distributions used to model sizes of undiscovered oil and gas accumulations: Does the tail wag the assessment?
Undiscovered oil and gas assessments are commonly reported as aggregate estimates of hydrocarbon volumes. Potential commercial value and discovery costs are, however, determined by accumulation size, so engineers, economists, decision makers, and sometimes policy analysts are most interested in projected discovery sizes. The lognormal and Pareto distributions have been used to model exploration taAuthorsE.D. Attanasi, Ronald R. CharpentierGeologic coal assessment: The interface with economics
Geologic resource assessments describe the location, general characteristics, and estimated volumes of resources, whether in situ or technically recoverable. Such compilations are only an initial step in economic resource evaluation. This paper identifies, by examples from the Illinois and Appalachian basins, the salient features of a geologic assessment that assure its usefulness to downstream ecAuthorsE.D. AttanasiForces Shaping Future U.S. Coal Production and Use
More than half of the electricity in the United States is generated by coal-fired powerplants. U.S. coal producers sell almost 90 percent of their product for electricity generation, and so, the future of the U.S. coal industry will be determined by the future of coal-fired electricity-generation plants. The U.S. Geological Survey (USGS) is completing a National Coal Resource Assessment (NCRA)AuthorsE. D. Attanasi, Brenda S. PierceInferred oil and gas reserve estimates for the United States
No abstract available.AuthorsE.D. AttanasiCoal marketability; effects of deregulation and regulation
No abstract availableAuthorsE. D. Attanasi - News
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