A hybrid approach to the estimation of undiscovered oil resources in the United States

N.D. Uri

Energy, 1979, vol. 4, issue 6, 1079-1085

Abstract: This paper deals with the problem of estimating cumulative reserves and cumulative production of crude oil in the United States. We first demonstrate that these cumulative values depend on technological change and the price of crude oil. The results suggest that approx. 205 billion barrels of oil are ultimately recoverable and producible at a price of $29 per barrel. Of this total, 114 billion barrels have been produced through the end of 1977.

Date: 1979
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/0360544279900987
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:4:y:1979:i:6:p:1079-1085

DOI: 10.1016/0360-5442(79)90098-7

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().