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Marginal costs of undiscovered natural gas resources in the United States with possible application to world oil and gas resources

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Summary

The Mineral Resources Institute of the Colorado School of Mines is completing a project sponsored jointly by the Gas Research Institute and the Electric Power Research Institute to assess the cost of development of natural gas resources in the United States. The project has as its objective the development of a method and subsequent calculation of costs which might be anticipated in the discovery and development of the undiscovered natural gas resources of the nation. Costs are expressed in constant dollars and are intended to provide a measure of the relative costs which would be encountered in various, regions and at various depths. The project work was supported by the development of a model for calculation of full marginal costs of resource discovery and development by Operational Economics, Inc. This paper summarizes the data sources, methodology, and results of the analyses performed, as well as some interpretations of those results. Additionally, the paper includes some possible applications of the procedures and the models to the estimation of the costs of development of the oil resources of the United States and of the oil and gas resources of the world.

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References cited

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Authors and Affiliations

  1. Mineral Resources Institute, Colorado School of Mines, 80401, Golden, Colorado, USA

    Harry C. Kent

  2. Operational Economics, Inc., University of Houston, 77006, Houston., Texas, USA

    F. Dail Singleton Jr.

Authors
  1. Harry C. Kent
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  2. F. Dail Singleton Jr.
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Kent, H.C., Dail Singleton, F. Marginal costs of undiscovered natural gas resources in the United States with possible application to world oil and gas resources. Ann Oper Res 2, 253–270 (1984). https://doi.org/10.1007/BF01874743

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  • DOI: https://doi.org/10.1007/BF01874743

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