Economic implications of petroleum field size distributions

Energy Exploration & Exploitation
By:

Links

Abstract

The unprecedented natural gas price increases in the late 1970's and early 1980's allowed a glimpse of part of the in-situ distribution of natural gas fields that had been hidden by economic truncation. Analysis of those discoveries shows the distribution to be characterized by progressively larger numbers of fields as size category declines. This paper demonstrates the effects of economic truncation for gas fields found in Texas State and Federal offshore areas in the Gulf of Mexico. Economic and policy implications of alternative in-situ field size distribution influence future gas supplies, the associated costs, and petroleum industry activity.

Additional publication details

Publication type Article
Publication Subtype Journal Article
Title Economic implications of petroleum field size distributions
Series title Energy Exploration & Exploitation
DOI 10.1177/014459879000800307
Volume 8
Issue 3
Year Published 1990
Language English
Publisher Sage Publications
Contributing office(s) Eastern Energy Resources Science Center
Description 13 p.
First page 245
Last page 257