Economics of U.S. Oil and Gas Resources Completed
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.
Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
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
Economics of undiscovered oil and gas in the North Slope of Alaska: Economic update and synthesis
Evaluation of procedures for prediction of unconventional gas in the presence of geologic trends
Economic decision making and the application of nonparametric prediction models
A Program for Partitioning Shifted Truncated Lognormal Distributions into Size-Class Bins
Economic decision making and the application of nonparametric prediction models
Prediction of resource volumes at untested locations using simple local prediction models
Economics of 1998 U.S. Geological Survey's 1002 Area regional assessment: An economic update
Undiscovered oil resources in the Federal portion of the 1002 Area of the Arctic National Wildlife Refuge: An economic update
Discovery sequence and the nature of low permeability gas accumulations
Below are news stories associated with this project task.
- Overview
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.
- Science
Below are other science projects associated with this project task.
- Publications
Below are publications associated with this project task.
Filter Total Items: 33Role of stranded gas from Central Asia and Russia in meeting Europe’s future import demand for gas
Stranded gas is natural gas in discovered fields that is currently not commercially producible for either physical or economic reasons. This study examines stranded gas from Russia and Central Asia and the role it can play in addressing Europe’s growing demand for imported natural gas requiring additional volumes of gas in excess of 130 trillion cubic feet. We find sufficient volumes of stranded gAuthorsEmil D. Attanasi, Philip A. FreemanEmpirical 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. FreemanEconomics 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. FreemanEvaluation 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. CoburnEconomic 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. FreemanA 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. CharpentierEconomic 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 large. Planning and development decisions for extraction of such resources must be areAuthorsEmil D. Attanasi, Timothy C. Coburn, Philip A. FreemanPrediction of resource volumes at untested locations using simple local prediction models
This paper shows how local spatial nonparametric prediction models can be applied to estimate volumes of recoverable gas resources at individual undrilled sites, at multiple sites on a regional scale, and to compute confidence bounds for regional volumes based on the distribution of those estimates. An approach that combines cross-validation, the jackknife, and bootstrap procedures is used to accoAuthorsEmil D. Attanasi, Timothy C. Coburn, Philip A. FreemanEconomics of 1998 U.S. Geological Survey's 1002 Area regional assessment: An economic update
No abstract available.AuthorsE. D. AttanasiUndiscovered oil resources in the Federal portion of the 1002 Area of the Arctic National Wildlife Refuge: An economic update
No abstract available.AuthorsEmil D. AttanasiDiscovery sequence and the nature of low permeability gas accumulations
There is an ongoing discussion regarding the geologic nature of accumulations that host gas in low-permeability sandstone environments. This note examines the discovery sequence of the accumulations in low permeability sandstone plays that were classified as continuous-type by the U.S. Geological Survey for the 1995 National Oil and Gas Assessment. It compares the statistical character of historicAuthorsE.D. Attanasi - News
Below are news stories associated with this project task.