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Steven T. Anderson

Steven Anderson is an Economist with the USGS Geology, Energy & Minerals (GEM) Science Center in Reston, VA.

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Economics of Energy Transitions Task 4 Representation Image

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...
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Energy Resources Program, Geology, Energy & Minerals Science Center
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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...
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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...
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Energy Resources Program, Geology, Energy & Minerals Science Center
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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...
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Economics of Global Marginal Hydrocarbon and Non-traditional Resources

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...
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Energy Resources Program, Geology, Energy & Minerals Science Center
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Economics of Global Marginal Hydrocarbon and Non-traditional Resources

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...
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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...
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Energy Resources Program, Geology, Energy & Minerals Science Center
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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...
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Optimization simulations to estimate maximum brine injection rates in the Illinois Basin

We developed a methodology to estimate maximum brine injection rates in subsurface formations across wide geographic areas using inverse modeling-based optimization techniques. We first defined geographic areas where groundwater was too saline to meet the standard for drinking water and where sufficient confining units existed above and below the injection layers. We then assumed concurrent brine
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Energy Resources Program, Geology, Energy & Minerals Science Center

Geologic formations and mine locations for potential CO2 mineralization

This geodatabase contains geologic unit boundaries and asbestos site locations shown in "Carbon dioxide mineralization feasibility in the United States" (Blondes and others, 2019). Data was compiled from source material at a scale range of 1:100,000 to 1:5,000,000 and is not intended for any greater detail.
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Energy Resources Program, Geology, Energy & Minerals Science Center
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Geologic energy storage

Introduction As the United States transitions away from fossil fuels, its economy will rely on more renewable energy. Because current renewable energy sources sometimes produce variable power supplies, it is important to store energy for use when power supply drops below power demand. Battery storage is one method to store power. However, geologic (underground) energy storage may be able to retain
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Energy Resources Program, Geology, Energy & Minerals Science Center, Geology, Minerals, Energy, and Geophysics Science Center

Dynamic estimates of geologic CO2 storage resources in the Illinois Basin constrained by reinjectivity of brine extracted for pressure management

Geologic carbon storage (GCS) is likely to be an important part of global efforts to decarbonize the energy industry. Widespread deployment of GCS relies on strategies to maximize CO2 injection rates while minimizing reservoir pressurization that could induce seismicity and/or fluid leakage into groundwater resources. Brine extraction from CO2 storage formations with subsurface reinjection elsewhe
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Energy Resources Program, Geology, Energy & Minerals Science Center

Estimating the net costs of brine production and disposal to expand pressure-limited dynamic capacity for basin-scale CO2 storage in a saline formation

If carbon capture and storage (CCS) needs to be deployed at basin- or larger-scale, it is likely that multiple sites will be injecting carbon dioxide (CO2) into the same geologic formation. This could lead to excessive pressure buildup, overlapping induced pressure fronts, and pressure interference with neighboring uses of the subsurface. Extracting the in situ brine from the storage formation cou
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Energy Resources Program, Geology, Energy & Minerals Science Center

Estimating market conditions for potential entry of new sources of anthropogenic CO2 for EOR in the Permian Basin

This study attempts to determine feasible carbon dioxide (CO2) price thresholds for entry of new sources of anthropogenic (man-made) CO2 for utilization in enhanced oil recovery (EOR) in the Permian Basin. Much of the discussion about carbon capture, utilization, and storage (CCUS) has focused on the high costs of carbon capture as the major barrier to entry of new anthropogenic sources of CO2 for
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Energy Resources Program, Geology, Energy & Minerals Science Center

Improving pressure-limited CO2 storage capacity in saline formations by means of brine extraction

The carbon dioxide (CO2) storage capacity of saline formations may be constrained by reservoir pressure limitations. Brine extraction could be necessary to increase the CO2 storage capacity of a given formation, manage the extent of the underground CO2 plume and induced pressure front, and control the migration direction. To estimate the additional CO2 storage capacity of a saline formation that c
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Energy Resources Program, Geology, Energy & Minerals Science Center

Estimating the pressure-limited dynamic capacity and costs of basin-scale CO2 storage in a Saline Formation

Deployment of carbon capture and storage (CCS) could be necessary to be able to satisfy baseload electricity demand, maintain diversity in the energy mix, and achieve mitigation of carbon dioxide (CO2) emissions at lowest cost (IPCC, 2015; U.S. DOE, 2016). If basin-, regional- or national-scale deployment of CCS is needed, it may be possible to store only a small fraction of the captured CO2 in oi
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Energy Resources Program, Geology, Energy & Minerals Science Center

Carbon dioxide mineralization feasibility in the United States

Geologic carbon dioxide (CO2) storage is one of many methods for stabilizing the increasing concentration of CO2 in the Earth’s atmosphere. The injection of CO2 in deep subsurface sedimentary reservoirs is the most commonly discussed method; however, the potential for CO2 leakage can create long-term stability concerns. This report discusses the feasibility of an alternative form of geologic CO2 s
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Energy Resources Program, Geology, Energy & Minerals Science Center

Estimating the potential costs of brine production to expand the pressure-limited CO2 storage capacity of the Mount Simon Sandstone

The conventional wisdom is that widespread deployment of carbon capture and storage (CCS) is likely necessary to be able to satisfy baseload electricity demand, to maintain diversity in the energy mix, and to achieve mitigation of carbon dioxide (CO2) emissions at lowest cost (IPCC, 2014). If national-scale deployment of CCS is needed in the United States, it may be possible to store only a small
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Energy Resources Program, Geology, Energy & Minerals Science Center

Estimating the pressure-limited CO2 injection and storage capacity of the United States saline formations: Effect of the presence of hydrocarbon reservoirs

The U.S. Geological Survey (USGS) national assessment of carbon dioxide (CO2) storage capacity evaluated 192 saline Storage Assessment Units (SAUs) in 33 U.S. onshore sedimentary basins that may be utilized for CO2 storage (see USGS Circular 1386). Similar to many other available models, volumetric analysis was utilized to estimate the initial CO2injection and storage capacity of these SAUs based
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Energy Resources Program, Geology, Energy & Minerals Science Center

Economics, helium, and the U.S. Federal Helium Reserve: Summary and outlook

In 2017, disruptions in the global supply of helium reminded consumers, distributors, and policy makers that the global helium supply chain lacks flexibility, and that attempts to increase production from the U.S. Federal Helium Reserve (the FHR) may not be able to compensate for the loss of one of the few major producers in the world. Issues with U.S. and global markets for helium include inelast
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Energy Resources Program, Geology, Energy & Minerals Science Center, Central Energy Resources Science Center

3D Pressure‐limited approach to model and estimate CO2 injection and storage capacity: saline Mount Simon Formation

To estimate the carbon dioxide (CO2) injection and storage capacity of saline formations, we used Tough2‐ECO2N simulation software to develop a pressure‐limited (dynamic) simulation approach based on applying three‐dimensional (3D) numerical simulation only on the effective injection area (Aeff) surrounding each injection well. A statistical analysis was performed to account for existing reservoir
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Energy Resources Program, Geology, Energy & Minerals Science Center

Case study - Dynamic pressure-limited capacity and costs of CO2 storage in the Mount Simon sandstone

Widespread deployment of carbon capture and storage (CCS) is likely necessary to be able to satisfy baseload electricity demand, to maintain diversity in the energy mix, and to achieve climate and other objectives at the lowest cost. If all of the carbon dioxide (CO2) emissions from stationary sources (such as fossil-fuel burning power plants, and other industrial plants) in the United States need
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Energy Resources Program, Geology, Energy & Minerals Science Center

Non-USGS Publications**

American Association for the Advancement of Science (AAAS) Annual Meeting, 13-16 February 2020, Seattle WA.
Anderson, S.T. 2015. “The Mineral Industry of Hungary.” Area reports—International—Europe and Central Eurasia: U.S. Geological Survey Minerals Yearbook 2012, v. III, February 27, p. 20.1–20.7. IP-064154.

**Disclaimer: The views expressed in Non-USGS publications are those of the author and do not represent the views of the USGS, Department of the Interior, or the U.S. Government.

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