Download or read book Economic Study of Oil and Gas Exploration written by Roshdy Ebrahim and published by Independently Published. This book was released on 2018-03-14 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the characteristics of oil in its early exploration and production has been the requirement of large capital investments for exploratory activity associated with unexplored fields surrounding new oil reserves, and costly development expenditures that are subsequently needed for extension and expanding of such fields once they were explored. Therefore, the evolution of the oil industry had not been and cannot be treated in a manner of a mom-and-pop enterprise in which capital has yet to turn into a well-developed process of concentration and centralization. On the other hand, in the late nineteenth century, Taylorism was just giving rise to standardization and thus automated assembly line mass production in need of capital on a scale beyond individual wealth. That is why oil was characterized by the assemblage of several financial syndicates for the venture of exploration in both the United States and abroad. And it is the minimum size of capital that in part plays a pivotal role in development of capitalist competition in oil and in other businesses. The genesis of hydrocarbon can be traced to colonial fusion of capitalistically developed and undeveloped parts of the world--a world whose overwhelming majority had not yet lived within capitalism proper.Exploration for petroleum originated in the latter part of the nineteenth century when geologists began to map land features that were favorable for the collection of oil in a reservoir. Of particular interest to geologists were outcrops that provided evidence of alternating layers of porous and impermeable rock. The porous rock (typically a sandstone, limestone, or dolomite) provides the reservoir for the petroleum while the impermeable rock (typically clay or shale) prevents migration of the petroleum from the reservoir.A basic rule of thumb in the upstream (or producing) sector of the oil and gas industry has been (and maybe still is in some circles of exploration technology) that the best place to find new crude oil or natural gas is near formations where it has already been found. The financial risk of doing so is far lower than that associated with drilling a rank wildcat hole in a prospective, but previously unproductive, area.you can get all the information about exploring oil and gas, economics, physics, and engineering information
Download or read book The Economics of Oil and Gas written by Xiaoyi Mu and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Economics and Engineering Third Edition written by Hussein K. Abdel-Aal and published by CRC Press. This book was released on 2013-12-14 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods. Packed with real-world examples and case studies demonstrating how to calculate rate of return, discounted cash flow, payout period, and more, Petroleum Economics and Engineering, Third Edition assists petroleum engineers, chemical engineers, production workers, management, and executives in sound economic decision-making regarding the design, manufacture, and operation of oil and gas plants, equipment, and processes. The fully revised third edition is updated to reflect key advancements in petroleum technology and expanded to include chapters on middle stream operations, known as surface petroleum operations (SPO), and natural gas processing and fractionation. By looking globally at the hydrocarbon industry, the improved text offers the reader a more complete picture of the petroleum sector, which includes the global processes of exploration, production, refining, and transportation.
Download or read book Petroleum Economics and Engineering Second Edition written by M.A. Al-Sahlawi and published by CRC Press. This book was released on 1992-01-22 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised and updated to reflect major changes in the field, this second edition presents an integrated and balanced view of current attitudes and practices used in sound economic decision-making for engineering problems encountered in the oil industry. The volume contains many problem-solving examples demonstrating how economic analyses are applied to different facets of the oil industry.;Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods to the oil industry. It provides information on the types of crude oils, their finished products and resources of natural gas, and also summarizes worldwide oil production and consumption data.
Download or read book Economic Problems Related to Oil and Gas Exploration written by Maurice Mainguy and published by . This book was released on 1976 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Economics written by Jean Masseron and published by Editions TECHNIP. This book was released on 1990 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a valuable tool in understanding the dynamics of the oil industry from both a broad and specific economic perspective. It contains insights into the underlying features and mechanisms of the oil industry and its many branches, as well as a special emphasis on relevant international problems. It also provides a wealth of statistical information and should be of interest to all concerned with energy matters” (Euroil). “Petroleum Economics, by Jean Masseron, is a fine introductory text to the entire scope of activities and economic conditions facing the world-wide petroleum industry” (AAPG Bulletin). “This book, already used by many organizations, should be especially useful for engineers, economists and managers concerned with energy matters, and also those who, beyond the technical aspects, wish to acquire and in-depth understanding of the economic mechanisms in a vital sector for world development today” (JCPT). Contents : Introduction: Principal economic characteristics. I. Crude oil supply and demand. 1. The crude oil market. 2. Technical cost of exploration and production. 3. Tax and legal aspects. II. The economics of crude oil transportation. 1. Transportation by tanker. 2. Crude oil pipelining. III. Finished products supply: refining. 1. The search for optimal economic conditions. 2. Present unit location and cost of refinery processing. 3. Legal organization. IV. Demand and marketing of petroleum products. 1. The petroleum products in the principal consuming countries. 2. The distribution of petroleum products. 3. The marketing of petroleum products. V. Petrochemicals. 1. General characteristics. 2. Economics of two large basic units. 3. The market for the principal finished products. 4. Problems of today. VI. Natural gas. 1. Natural gas supply in the world. 2. Transportation. 3, International markets and prices. Conclusion: Energy and petroleum problems of the future. Bibliography.
Download or read book An Introduction to Exploration Economics written by R. E. Megill and published by . This book was released on 1971 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economics and Politics of the United States Oil Industry 1920 1990 written by Steve Isser and published by Routledge. This book was released on 2016-03-02 with total page 539 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, originally published in 1996, traces the development of US government policy toward the oil industry during the 1920s and 1930s when the domestic syustem of production control was established. It then charts the deveopment and collapse of oil import controls, and the wild scramble for economic rents generated by Government regulation. It discusses the two oil crises and the ‘phantom’ Gulf War crisis, and the importance of public opinion in shaping the policy agenda. It also provides an in-depth study of Congressional oil votes from the 1950s to the 1980s and the formation of oil policy, beginning with theories of economic regulation, the role of interest groups in developing the policy agenda and the role of money in politics.
Download or read book Economic and Financial Determinants of Oil and Gas Exploration Activity written by Peter C. Reiss and published by . This book was released on 1989 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the investment activities of 44 independent oil and gas firms from 1978 to 1986. It develops a dynamic model of oil and gas exploration and development. The model predicts less of a decline in exploration activity than actually occurred in 1985-86. I consider the extent to which financial factors may have affected firms' investment plans during the 1985-86 deflation. There is some evidence that credit contracts in this industry did place important limitations on firm's abilities to respond to the energy price deflation. These constraints were imposed because lenders could not separately distinguish between unfavorable industry developments and poor individual firm performance.
Download or read book Economic Analysis of Oil and Gas Engineering Operations written by Hussein K. Abdel-Aal and published by CRC Press. This book was released on 2021-02-25 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design.
Download or read book Fueling Up written by Trevor Houser and published by Peterson Institute for International Economics. This book was released on 2014-01-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: New drilling techniques for oil and natural gas are propelling an energy production renaissance in the United States. As the US economy struggles to emerge from the Great Recession, many see the boom as a possible source of economic salvation that could reduce unemployment and revitalize American manufacturing. Until now, however, there has been little objective analysis of the energy boom’s economic consequences. In this major study, Trevor Houser and Shashank Mohan fill that gap. Houser and Mohan assess the impact of the recent and projected increase in domestic energy production on US GDP, employment growth, manufacturing competitiveness, household expenditures, and international trade balance. Alongside its economic impact, they also explore the consequences for the environment and global warming, providing guidance for policymakers to navigate these issues.
Download or read book Supply and Costs in the U S Petroleum Industry Routledge Revivals written by Franklin M. Fisher and published by Routledge. This book was released on 2015-06-11 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: Any discussion of the various facets of petroleum policy in the United States rests to a greater or less extent on the issue of sensitivity of petroleum exploration, and hence of new petroleum discoveries to economic incentives. Indeed, a principle argument in favour of having a special petroleum policy at all is that domestic petroleum exploration is so sensitive to economic considerations that in the absence of special incentives exploration expenditures would sharply decrease, as would the amount of petroleum discovered; consequently, the nation’s known oil resources would be reduced to an extent dangerous in the event of an international crisis. This study attempts to answer the question: how sensitive are new petroleum discoveries to economic incentives? This book will be of interest to students of environmental studies.
Download or read book Exploration and Economics of the Petroleum Industry written by and published by . This book was released on 1975 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics of Petroleum Exploration Development and Property Evaluation written by Institute on Economics of Petroleum Exploration, Development, and Property Evaluation, Dallas, 1961 and published by . This book was released on 1961 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Oil Exploration written by Ian Lerche and published by Academic Press. This book was released on 2012-12-02 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents quantitative procedures for assessing predictions of potential oil recovery (basin size, hydrocarbon content), and economic impact (exploration cost, production, transport, and refining). Emphasis is placed on advances made in analytical methods and improved techniques developed during the last decade.
Download or read book Petroleum Conservation in the United States written by Stephen Macdonald and published by Routledge. This book was released on 2013-10-18 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.
Download or read book Economics of Worldwide Petroleum Production written by Fraser H. Allen and published by Oil & Gas Consultants International, Incorporated. This book was released on 1993 with total page 608 pages. Available in PDF, EPUB and Kindle. Book excerpt:
