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 Subtype||Journal Article|
|Title||Economic implications of petroleum field size distributions|
|Series title||Energy Exploration & Exploitation|
|Contributing office(s)||Eastern Energy Resources Science Center|