Analysis of the effect of selective crude-oil price increases on high-cost production. Final report. Volume I: methodology and results. [Stripper oil]

Technical Report · Sun Apr 01 00:00:00 EST 1979

OSTI ID:5308375

As domestic supplies of crude oil have dwindled, interest has risen in the potential additional production that might result from the removal of price controls on certain classes of high-cost production. This report documents an analysis aimed at quantifying this additional production. To gain insight about what the effects of price decontrol on high-cost production might be, the investigation reported here first focused on what happened when international oil prices escalated rapidly in late 1973 and stripper oil received special price treatment shortly thereafter. This study was limited to onshore production in nine states: California, Kansas, Louisiana, Mississippi, Montana, New Mexico, Oklahoma, Texas, and Wyoming. This report is divided into two volumes. Methodology and results are discussed in Volume 1. The second volume contains printouts from computer runs made during the course of the analysis and tabulations of all data acquired which are not elsewhere in the public domain.

• Research Organization: Gruy Federal, Inc., Arlington, VA (USA)
• DOE Contract Number: AC01-78RG06376
• OSTI ID: 5308375
• Report Number(s): DOE/RG/06376-T1-Vol.1; ON: DE82016828
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
PETROLEUM
PRICES
PRICING REGULATIONS
ECONOMIC IMPACT
CALIFORNIA
FINANCIAL INCENTIVES
KANSAS
LOUISIANA
MISSISSIPPI
MONTANA
NEW MEXICO
OIL WELLS
OKLAHOMA
PRODUCTION
TEXAS
WYOMING
ENERGY SOURCES
FEDERAL REGION IV
FEDERAL REGION IX
FEDERAL REGION VI
FEDERAL REGION VII
FEDERAL REGION VIII
FOSSIL FUELS
FUELS
NORTH AMERICA
REGULATIONS
USA
WELLS
020700* - Petroleum- Economics
Industrial
& Business Aspects