Optimal regulation of oil fields under asymmetric information

Neste trabalho é analisada a relação entre um regulador e uma empresa petrolífera. Há várias incertezas inerentes à essa relação e o trabalho se concentra nos efeitos da assimetria de informação. Fazemos a caracterização da regulação ótima sob informação assimétrica, quando o regulador deve desenhar um mecanismo que induz a firma a revelar corretamente sua informação privada. No caso em que a rma não pode se comprometer a não romper o acordo, mostramos que o regulador pode não implementar o resultado ótimo que é obtido sob informação completa. Nesse caso, o regulador não consegue compartilhar os riscos com a firma de forma ótima. Por fim, é apresentado um exemplo, em que mostramos que a condição de Spence-Mirrlees (SMC) pode não valer. Esse resultado aparece de forma natural no modelo.

Montana Oil Fields

Since the discovery of oil in Montana in1916, the petroleum industry has advanced to a point where over 5,000,000 barrels of oil worthover $6,500,000 has been produced in each of the three past years (1936, 1937, and 1938).

Investigations in the gas and oil fields of Alberta, Saskatchewan, and Manitoba,

Mode of access: Internet.

North American petroleum. A complete summary of geological information on the occurrence of oil and gas in the United States and Canada, with a concluding chapter on the oil fields of the Middle East.

Mode of access: Internet.

PCA-ANFIS based prediction for water Injection effectiveness cycle in oil fields.

By proposing a numerical based method on PCA-ANFIS(Adaptive Neuro-Fuzzy Inference System), this paper is focusing on solving the problem of uncertain cycle of water injection in the oilfield. As the dimension of original data is reduced by PCA, ANFIS can be applied for training and testing the new data proposed by this paper. The correctness of PCA-ANFIS models are verified by the injection statistics data collected from 116 wells inside an oilfield, the average absolute error of testing is 1.80 months. With comparison by non-PCA based models which average error is 4.33 months largely ahead of PCA-ANFIS based models, it shows that the testing accuracy has been greatly enhanced by our approach. With the conclusion of the above testing, the PCA-ANFIS method is robust in predicting the effectiveness cycle of water injection which helps oilfield developers to design the water injection scheme.

Seventh report on the oil and gas fields of western Pennsylvania. For 1887, 1888, with additional unpublished well records.

Mode of access: Internet.

Michigan's oil and gas fields.

Vols. for 1964- issued as even numbered issues of its Annual statistical summary.

Summary of operations, oil and gas fields.

Mode of access: Internet.

The Oil and gas fields of southeastern New Mexico : a symposium /

Cover title: A symposium of oil & gas fields of southeastern New Mexico, 1956.

Oil and gas fields in West Virginia.

Mode of access: Internet.

Summary of operations, oil and gas fields /

Description based on: 1960.

Numerical simulation of ambient seismic wavefield modification caused by pore-fluid effects in an oil reservoir

We have modeled numerically the seismic response of a poroelastic inclusion with properties applicable to an oil reservoir that interacts with an ambient wavefield. The model includes wave-induced fluid flow caused by pressure differences between mesoscopic-scale (i.e., in the order of centimeters to meters) heterogeneities. We used a viscoelastic approximation on the macroscopic scale to implement the attenuation and dispersion resulting from this mesoscopic-scale theory in numerical simulations of wave propagation on the kilometer scale. This upscaling method includes finite-element modeling of wave-induced fluid flow to determine effective seismic properties of the poroelastic media, such as attenuation of P- and S-waves. The fitted, equivalent, viscoelastic behavior is implemented in finite-difference wave propagation simulations. With this two-stage process, we model numerically the quasi-poroelastic wave-propagation on the kilometer scale and study the impact of fluid properties and fluid saturation on the modeled seismic amplitudes. In particular, we addressed the question of whether poroelastic effects within an oil reservoir may be a plausible explanation for low-frequency ambient wavefield modifications observed at oil fields in recent years. Our results indicate that ambient wavefield modification is expected to occur for oil reservoirs exhibiting high attenuation. Whether or not such modifications can be detected in surface recordings, however, will depend on acquisition design and noise mitigation processing as well as site-specific conditions, such as the geologic complexity of the subsurface, the nature of the ambient wavefield, and the amount of surface noise.

Oil and Gas Production Methods in Montana

Montana's oil and gas industries aggregate a gross income of over 12,000,000 annually to the state. Oil and gas fields have been thoroughly discussed in liter­ature as to geology, location, production and future possibilities. The specific object of this report has been to compile a comprehensive study of the production methods as they occur.

Corrosion of oil- and gas-well equipment /

Mode of access: Internet.

Testing incremental politics : the case of North Sea oil

In the quest to secure the much vaunted benefits of North Sea oil, highly non-incremental technologies have been adopted. Nowhere is this more the case than with the early fields of the central and northern North Sea. By focusing on the inflexible nature of North Sea hardware, in such fields, this thesis examines the problems that this sort of technology might pose for policy making. More particularly, the following issues are raised. First, the implications of non-incremental technical change for the successful conduct of oil policy is raised. Here, the focus is on the micro-economic performance of the first generation of North Sea oil fields and the manner in which this relates to government policy. Secondly, the question is posed as to whether there were more flexible, perhaps more incremental policy alternatives open to the decision makers. Conclusions drawn relate to the degree to which non-incremental shifts in policy permit decision makers to achieve their objectives at relatively low cost. To discover cases where non-incremental policy making has led to success in this way, would be to falsify the thesis that decision makers are best served by employing incremental politics as an approach to complex problem solving.