Pros, cons of techniques used to calculate oil, gas finding costs

Journal Article · Mon Jun 01 00:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5151742

Gaddis, D; Brock, H; Boynton, C ^[1]

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1. Inst. of Petroleum Accounting, Denton, TX (US)

A major problem facing the U.S. petroleum industry is the higher average finding costs that now exist within the U.S. compared with the average finding costs outside the U.S. It has been argued that federal lands and offshore areas need to be open for drilling in order to reduce average finding costs in the U.S. This article analyzes the strengths and weaknesses of conventional techniques for determining finding costs. Our goal is a finding costs measure that is a reliable indicator of future profitability.

• OSTI ID: 5151742
• Journal Information: Oil and Gas Journal; (United States), Vol. 90:22; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
PETROLEUM INDUSTRY
ECONOMIC ANALYSIS
RESOURCE DEVELOPMENT
COST ESTIMATION
USA
CALCULATION METHODS
OIL WELLS
PLANNING
WELL DRILLING
DEVELOPED COUNTRIES
DRILLING
ECONOMICS
INDUSTRY
NORTH AMERICA
WELLS
020700* - Petroleum- Economics
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum