Economic Life of Oil and Gas Fields in the United States

1966 ◽  
Vol 18 (06) ◽  
pp. 661-664
Author(s):  
W.S. Eggleston
Keyword(s):  
United States ◽  
Oil And Gas ◽  
The United States ◽  
Economic Life ◽  
Oil And Gas Fields ◽  
Gas Fields

Institutions and the shale boom

2016 ◽  
Vol 13 (1) ◽  
pp. 189-210 ◽  
Author(s):  
ILIA MURTAZASHVILI
Keyword(s):  
United States ◽  
Institutional Economics ◽  
Oil And Gas ◽  
The United States ◽  
Private Ownership ◽  
Institutional Entrepreneurs ◽  
Oil And Gas Fields ◽  
Mineral Rights ◽  
Douglass North ◽  
Gas Fields

AbstractThis paper uses the institutional economics of Douglass North to explain three features of the shale boom: why fracking technology emerged in the United States, the rapid increase in production of natural gas in the United States and the uneven response to these new economic opportunities in shale-rich economies. It argues that the institutional matrix of the United States, in particular private ownership of minerals, encouraged experimentation on the barren Texas oil and gas fields, where fracking technology emerged and the rapid transfer of mineral rights to gas companies. Institutional entrepreneurs, namely landmen and lawyers, facilitated contracting between owners of mineral rights and drillers. Private ownership of minerals and an ideology supportive of drilling provide insight into the adoption of regulations that encourage hydraulic fracturing.

scholarly journals THE MAIN RESERVE OF ACCELERATED EFFECTIVE OPENING OF OIL AND GAS FIELDS IN UKRAINE

2019 ◽  
pp. 31-37
Author(s):  
V. T. Kryvosheyev ◽  
V. V. Makogon ◽  
Ye. Z. Ivanova
Keyword(s):  
Shale Gas ◽  
Oil And Gas ◽  
Research Work ◽  
Oil And Gas Industry ◽  
The United States ◽  
Resource Base ◽  
Hydrocarbon Production ◽  
Oil And Gas Fields ◽  
High Level ◽  
Gas Fields

Economic hardship in Ukraine during the years of independence led to a sharp reduction of exploration work on oil and gas, a drop in hydrocarbon production, a decrease in inventories and a sharp collapse of research work to ensure the growth of hydrocarbon reserves.The hydrocarbon potential of various sources of Ukrainian subsoil is quite powerful and can provide future energy independence of the country. Potential hydrocarbon resources in traditional traps of various types are exhausted by only 25 %. Ukraine has recently experienced so-called “shale gas boom”. The experience of extraction of shale gas in desert areas of the United States can not be repeated in densely populated Ukraine in the absence of such powerful shale strata, resource base, necessary infrastructure, own technologies and techniques and economic, environmental and social risks.Taking into account the fuel and energy problems of the state, we constantly throughout the years of independence oriented the oil and gas industry and the authorities on the active use of our own reserves and opportunities for accelerated opening of new oil and gas fields.The results of geological exploration work in the old oil and gas basins at the high level of their study indicate that deposits in non-structural traps dominate among open deposits.A complex of sequence-stratigraphical, lithology-facies and lithology-paleogeographical studies is being successfully used to forecast undeformational traps in well-studied oil and gas bearing basin of the Ukraine – the Dniprovsko-Donetsky basin. The authors predict wide development of stratigraphic, lithologic, tectonic and combined traps in terrigenous sediments of Tournaisian and Visean age, reef-carbonate massifs of the lower Tournaisian, lower and middle Visean age and others. They should become the basis for exploration of oil and gas fields for the near and medium term and open the second breath of the basin.

scholarly journals ANALISIS KEBIJAKAN UNTUK PENGELOLAAN MINYAK DAN GAS (STUDY KASUS LAPANGAN “X”)

2020 ◽  
Vol 6 (1) ◽  
pp. 79-90
Author(s):  
Ramli Nonci ◽  
Akhmad Fauzi ◽  
Fifi Diana Thamrin
Keyword(s):  
Oil And Gas ◽  
Economic Life ◽  
East Kalimantan ◽  
Oil And Gas Fields ◽  
Production Value ◽  
Management Policies ◽  
The Cost ◽  
Gas Fields ◽  
Safety And Environment ◽  
Significant Production

Indonesia is one of the countries in the world that have potential of natural resources such as oil and gas. As a resource, that plays an important role in the economic life, the use of oil and gas needs to be managed properly. One of the resources of oil and gas that have significant production value and impact to the economy of Indonesia is the “X” field at East Kalimantan. This study aims to provide analyze policies that can encourage the management of the remaining oil and gas fields more optimally. Data used in the study came from the results of the discussions, field observations, literature review government policies and company documentation on 2019. The analytical tool used is the multi criteria decision analysis (MCDA) method. Based on the analysis of policies for the development of the "X" field by taking into account economic, social, and HSE (Health, Safety and Environment)  criteria results in a conclusion that Gross Split policy alternative has the highest value compared to the Cost Recovery policy and the Cost and Fee policy for the design of oil and gas management policies.

scholarly journals Time Series Analysis of Geotechnical Data From a Sensor Network Controlling the Remoted Pipeline

2021 ◽  
Author(s):  
Alla Yu. Vladova
Keyword(s):  
Time Series ◽  
Oil And Gas ◽  
Local Heating ◽  
The United States ◽  
Oil And Gas Fields ◽  
Heating Effects ◽  
Additive Regression Model ◽  
Soil Temperatures ◽  
Additive Regression ◽  
Gas Fields

Extensive, but remote oil and gas fields of the United States, Canada, and Russia require the construction and operation of extremely long pipelines. Global warming and local heating effects lead to rising soil temperatures and thus a reduction in the sub-grade capacity of the soils; this causes changes in the spatial positions and forms of the pipelines, consequently increasing the number of accidents. Oil operators are compelled to monitor the soil temperature along the routes of the remoted pipelines in order to be able to perform remedial measures in time. They are therefore seeking methods for the analysis of volumetric diagnostic information. To forecast soil temperatures at the different depths we propose compiling a multidimensional dataset, defining descriptive statistics; selecting uncorrelated time series; generating synthetic features; robust scaling temperature series, tuning the additive regression model to forecast soil temperatures.

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