Oil and Natural Gas Reserve Prices 1982-2002: Implications for Depletion and Investment Cost

M. A. Adelman and G. C. Watkins

Working Papers from Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research

Abstract: The main object of this research is to estimate a time series for the total and unit value of in-ground proved oil reserves and natural gas reserves in the United States. There are good official statistics of the physical quantities. Our task has been primarily to estimate the in-ground unit values. Total in-ground value equals quantity times unit value.

Date: 2003-09
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