New technology for gas finding; How important has it been

Journal Article · Mon Sep 30 00:00:00 EDT 1991 · Oil and Gas Journal; (United States)

OSTI ID:5673349

Ellis, P A ^[1]

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1. Booz Allen and Hamilton, Dallas, TX (US)

This paper reports that finding costs for natural gas in the U.S. were more than halved in real terms from 94{cents}/Mcf in 1983 to 44{cents} in 1989. A number of industry analysts and oil company executives recently have suggested that technology improvements contributed significantly to this improvement. This claim is an especially important one because its proponents often use it to support the view that the gas glut in the U.S. will persist. In this view, new technology will push finding costs lower and help sustain deliverability, further prolonging the bubble. Managers who are convinced of this position will want to invest in the people, software, and equipment that is supposed to be behind this improved performance. But they also are more likely to defer drilling and acquisitions of companies or producing leases to avoid adding to the supply overhang.

• OSTI ID: 5673349
• Journal Information: Oil and Gas Journal; (United States), Vol. 89:39; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS
COST
NATURAL GAS FIELDS
GEOLOGIC SURVEYS
COMPUTER CODES
EXPLORATION
PLANNING
RESERVES
USA
DEVELOPED COUNTRIES
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NORTH AMERICA
RESOURCES
SURVEYS
030600* - Natural Gas- Economic
Industrial
& Business Aspects
030200 - Natural Gas- Reserves
Geology
& Exploration
294003 - Energy Planning & Policy- Natural Gas