Technological advancement and the recovery of natural gas: The value of information
Loading...
Authors
Chermak, J.N.
Patrick, R.H.
Subjects
Advisors
Date of Issue
1995-12-31
Date
Publisher
JSTOR
Language
en_US
Abstract
Accurate information on geology, petroleum engineering, and economics is essential for firms to make efficient descisions concerning if and, if so, how to produce natural gas wells. Improved information may not only help insure that wells are economic, but may also lead to reduced costs of production and an increased physically recoverable stock of the resource. This paper empirically applies the economic theory of exhaustible resources (extended to include necessary reservoir engineering) to evaluate the benefits obtainable from using an enhanced information technology developed by the Gas Research Institute. The wells analyzed indicate significant benefits are obtainable with appropriate use of the new technology. The magnitudes of these benefits vary across reservoir chracteristics. 20 refs., 4 tabs.
Type
Article
Description
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
Series/Report No
Department
Organization
Identifiers
NPS Report Number
Sponsors
USDOE
Funder
Format
Citation
Energy Journal; Journal Volume: 16; Journal Issue: 1; Other Information: PBD: 1995
Distribution Statement
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.