scholarly journals Learning Curve, Change in Industrial Environment, and Dynamics of Production Activities in Unconventional Energy Resources

2018 ◽  
Vol 10 (9) ◽  
pp. 3322 ◽  
Author(s):  
Jong-Hyun Kim ◽  
Yong-Gil Lee
Keyword(s):  
United States ◽  
Natural Gas ◽  
Production Cost ◽  
Oil And Gas ◽  
The United States ◽  
Shale Oil ◽  
Industrial Environment ◽  
The Us ◽  
Exploration And Production ◽  
Oil And Natural Gas

Since 2007, shale oil and gas production in the United States has become a significant portion of the global fossil fuel market. The main cause for the increase in production of shale oil and gas in the US is the adoption of new production technologies, namely, horizontal drilling and hydraulic fracturing. However, the production cost of shale oil and gas in the US is comparably higher than the production cost of conventional oil and gas. In 2014, the crude oil and natural gas price decreased significantly to approximately 40 dollars per barrel, and natural gas prices decreased to 3 dollars per million British thermal unit, and thus the productivity and financial conditions for the exploration and production of shale oil and natural gas for producers in the United States have worsened critically. Therefore, technological innovation has become one of the most interesting issues of the energy industry. The present study analyzes the trends in technological innovation having a relationship with production activities. This study calculates the learning rate of 30 companies from the petroleum exploration and production industry in the United States using an improved learning rate calculation formula that reflects the changes in the oil production ratio. Thus, more statistically confident calculation results and interpretations of strategic production activities with regard to changes in the industrial environment were achieved in this study.

scholarly journals Daily Satellite Observations of Methane from Oil and Gas Production Regions in the United States

2020 ◽  
Author(s):  
Pieternel Levelt ◽  
Pepijn Veefkind ◽  
Esther Roosenbrand ◽  
John Lin ◽  
Jochen Landgraf ◽  
...  
Keyword(s):  
United States ◽  
Natural Gas ◽  
Oil And Gas ◽  
The United States ◽  
Methane Emissions ◽  
Gas Production ◽  
Oil And Gas Production ◽  
Natural Gas Production ◽  
Oil And Natural Gas

<p>Production of oil and natural gas in North America is at an all-time high due to the development and use of horizontal drilling and hydraulic fracturing. Methane emissions associated with this industrial activity are a concern because of the contribution to climate radiative forcing. We present new measurements from the space-based TROPOspheric Monitoring Instrument (TROPOMI) launched in 2017 that show methane enhancements over production regions in the United States. Using methane and NO<sub>2</sub> column measurements from the new TROPOMI instrument, we show that emissions from oil and gas production in the Uintah and Permian Basins can be observed in the data from individual overpasses. This is a vast improvement over measurements from previous satellite instruments, which typically needed to be averaged over a year or more to quantify trends and regional enhancements in methane emissions. In the Uintah Basin in Utah, TROPOMI methane columns correlated with in-situ measurements, and the highest columns were observed over the deepest parts of the basin, consistent with the accumulation of emissions underneath inversions. In the Permian Basin in Texas and New Mexico, methane columns showed maxima over regions with the highest natural gas production and were correlated with nitrogen-dioxide columns at a ratio that is consistent with results from in-situ airborne measurements. The improved detail provided by TROPOMI will likely enable the timely monitoring from space of methane and NO2 emissions associated with regular oil and natural gas production.</p>

scholarly journals Energy Prices and COVID-Immunity: The Case of Crude Oil and Natural Gas Prices in the US and Japan

Energies ◽  
2020 ◽  
Vol 13 (23) ◽  
pp. 6300
Author(s):  
Honorata Nyga-Łukaszewska ◽  
Kentaka Aruga
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil And Gas ◽  
Negative Impact ◽  
The United States ◽  
Energy Markets ◽  
Energy Prices ◽  
The Us ◽  
Oil And Natural Gas ◽  
The Impact

The COVID-19 pandemic storm has struck the world economies and energy markets with extreme strength. The goal of our study is to assess how the pandemic has influenced oil and gas prices, using energy market reactions in the United States and Japan. To investigate the impact of the COVID-19 cases on the crude oil and natural gas markets, we applied the Auto-Regressive Distributive Lag (ARDL) approach to the number of the US and Japanese COVID-19 cases and energy prices. Our study period is from 21 January 2020 to 2 June 2020, and uses the latest data available at the time of model calibration and captures the so-called “first pandemic wave”. In the US, the COVID-19 pandemic had a statistically negative impact on the crude oil price while it positively affected the gas price. In Japan, this negative impact was only apparent in the crude oil market with a two-day lag. Possible explanations of the results may include differences in pandemic development in the US and Japan, and the diverse roles both countries have in energy markets.

Origins of the Texas Railroad Commission's Power to Control Production of Petroleum: Regulatory Strategies in the 1920s

1990 ◽  
Vol 2 (4) ◽  
pp. 353-387 ◽  
Author(s):  
William R. Childs
Keyword(s):  
United States ◽  
Natural Gas ◽  
Oil And Gas ◽  
The United States ◽  
The State ◽  
East Texas ◽  
Power Politics ◽  
Regulatory Strategies ◽  
State Commission ◽  
Control Production

The “Railroad Commission of Texas” conjures up visions of oil and gas and power politics and perhaps the question, What does “railroad” have to do with petroleum? The Railroad Commission (RCT) also brings to mind modern America between 1930 and the 1970s, when the Texas agency controlled from 35 to 45 percent of the oil and gas produced in the United States. These images come from cultural myths of the Lone Star State, from Americans' fascination with conspiracies, and, most telling, from the lack of historical analyses of the commission, its staff, and its regulatory strategies. The prevailing views of the commission are unfortunate ones, for they not only neglect the agency's regulation of railroads, natural-gas utilities, and buses and trucks but also skew the understanding of how the state commission came to regulate petroleum in the first place, how it devised policies for doing so, and how it legitimized itself and defended that legitimacy under the weight of the East Texas crisis between 1930 and 1935.

scholarly journals Emissions of coalbed and natural gas methane from abandoned oil and gas wells in the United States

2016 ◽  
Vol 43 (5) ◽  
pp. 2283-2290 ◽  
Author(s):  
Amy Townsend‐Small ◽  
Thomas W. Ferrara ◽  
David R. Lyon ◽  
Anastasia E. Fries ◽  
Brian K. Lamb
Keyword(s):  
United States ◽  
Natural Gas ◽  
Oil And Gas ◽  
The United States ◽  
Gas Wells ◽  
Oil And Gas Wells

BUSINESS AND TAX ISSUES FOR PETROLEUM EXPLORATION AND DEVELOPMENT COMPANIES INVESTING IN THE UNITED STATES OF AMERICA

1991 ◽  
Vol 31 (1) ◽  
pp. 494
Author(s):  
Catherine A. Hayne
Keyword(s):  
United States ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The United States ◽  
Detailed Examination ◽  
Petroleum Exploration ◽  
Gas Industry ◽  
Oil And Gas Exploration ◽  
Corporate Executives ◽  
Exploration And Production

Oil and gas exploration and production opportunities in the United States represent possibilities for investment by Australian petroleum companies in the 1990s. This paper focuses on the unique characteristics of the oil and gas industry, and is intended as an entrepreneurial guide to some of the practical business and tax issues which corporate executives will confront when proposing to do business in the United States. It provides a detailed examination of the key issues, but, due to the complexity of United States and Australian laws, this paper should not be used as a substitute for detailed advice.

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