During the last decade many producing countries have reassigned conventional oil and gas development rights to their national oil companies (NOCs). In fact the 13 largest energy companies, when measured by oil and gas reserves, are controlled by sovereign governments. The result is that the NOC’s will control a significant share of future oil and gas production. The international oil companies (IOCs) are relegated to minority project partners, contractors, or to marginally economic hydrocarbon resources. These latter resources may require special extraction technologies because of location, environment, or because they are unconventional. The largest part of the remaining hydrocarbon resource base is associated with unconventional oil and gas resources. These resources include stranded gas, heavy oil, and natural bitumen; resources that historically did not enter established markets because of quality, location, or extraction technology. The resource volumes that make up these massive accumulations must be scaled by economic variables for energy policy analysts and industry decision makers to predict when these resources will enter international oil and gas supplies.
U.S. Saline Formation Carbon Dioxide Injection and Storage Estimates
Estimating the pressure-limited CO2 injection and storage capacity of the United States saline formations: Effect of the presence of hydrocarbon reservoirs: International Journal of Greenhouse Gas Control, v. 79, p. 14-24
Economics, Helium, and the U.S. Federal Helium Reserve
Economics, Helium, and the U.S. Federal Helium Reserve: Summary and Outlook: Natural Resources Research, Oct. 2018, Vol. 27, Issue 4, pp. 455-477.
Objectives:
- Development of theoretically sound methods to value these marginal resources
- Characterize the commercial and social costs of marginal resource development
Below are other science projects associated with this project task.
Economics of Energy Transitions
Economics, Energy Resources, and Future Energy Supply
Economics of U.S. Oil and Gas Resources
- Overview
During the last decade many producing countries have reassigned conventional oil and gas development rights to their national oil companies (NOCs). In fact the 13 largest energy companies, when measured by oil and gas reserves, are controlled by sovereign governments. The result is that the NOC’s will control a significant share of future oil and gas production. The international oil companies (IOCs) are relegated to minority project partners, contractors, or to marginally economic hydrocarbon resources. These latter resources may require special extraction technologies because of location, environment, or because they are unconventional. The largest part of the remaining hydrocarbon resource base is associated with unconventional oil and gas resources. These resources include stranded gas, heavy oil, and natural bitumen; resources that historically did not enter established markets because of quality, location, or extraction technology. The resource volumes that make up these massive accumulations must be scaled by economic variables for energy policy analysts and industry decision makers to predict when these resources will enter international oil and gas supplies.
U.S. Saline Formation Carbon Dioxide Injection and Storage Estimates
Estimating the pressure-limited CO2 injection and storage capacity of the United States saline formations: Effect of the presence of hydrocarbon reservoirs: International Journal of Greenhouse Gas Control, v. 79, p. 14-24
Economics, Helium, and the U.S. Federal Helium Reserve
Economics, Helium, and the U.S. Federal Helium Reserve: Summary and Outlook: Natural Resources Research, Oct. 2018, Vol. 27, Issue 4, pp. 455-477.
Objectives:
- Development of theoretically sound methods to value these marginal resources
- Characterize the commercial and social costs of marginal resource development
- Science
Below are other science projects associated with this project task.
Economics of Energy Transitions
This task conducts research to characterize or evaluate the economics of developing technologies or markets in geologic resources. Such research can analyze the relative risks, costs, and benefits from the utilization and not just the extraction of underground resource. Economic analysis builds upon the geologic resource assessment work by other tasks in the Utilization of Carbon and other Energy...Economics, Energy Resources, and Future Energy Supply
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...Economics of U.S. Oil and Gas Resources
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... - Multimedia
- Publications