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- W2318559618 abstract "Developing the Nation's discovered oil and gas resources This article begins with a background discussion of the for production is a complex process that is often methods used to estimate proved oil and gas reserves characterized by initial uncertainty as regards the and recovery, which is followed by a discussion size or productive potential of the involved of the factors that affect the estimates reservoirs and fields. Because the geological and of a field or reservoir. Efforts starting in 1960 to analyze hydrological characteristics of the subsurface cannot — and project resource are then for the most part — be directly accessed, indirect briefly discussed, as are future directions for research techniques and procedures must be used to develop regarding the analysis and projection of estimates of the size and recoverability of these appreciation. The terms estimated discovered resources. While new or improved recovery and ultimate appreciation are used technologies that allow more accurate assessment of the throughout the article. They are defined as follows: involved parameters have, over time, lessened some of the risks associated with the in-field exploration and Estimated recovery (EUR) is the sum development process, significant uncertainties of the estimate of proved reserves at a specific nevertheless remain. Estimates of proved reserves and time and cumulative production up to that time. recoveries during the early years of a field’s or a reservoir’s productive life span are, as a result, Ultimate appreciation (URA) is the generally conservative. generally observed increase of EUR over time. 1 Estimates of the volumes that will ultimately be produced from reservoirs and fields tend on average to increase substantially over time. Rather than the discovery of new fields, it is this phenomenon — the increase of estimates of from a field or group of fields over time due to the extension of proved reservoir area(s), in-field discovery of one or more new reservoirs, and several other factors - - that accounts for the majority of both current domestically-sourced oil and gas supplies and current additions to domestic proved oil and gas reserves. This phenomenon is often called “reserves growth,” a colloquial label which is not accurately descriptive of what is actually happening. 2 This article therefore uses the older, more accurate label “ultimate appreciation” (URA) to refer to the phenomenon." @default.
- W2318559618 created "2016-06-24" @default.
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- W2318559618 date "1997-01-01" @default.
- W2318559618 modified "2023-09-26" @default.
- W2318559618 title "The Intricate Puzzle of Oil and Gas Reserves Growth" @default.
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