A procedure to estimate the parent population of the size of oil and gas fields as revealed by a study of economic truncation |
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| Authors: | John H Schuenemeyer Lawrence J Drew |
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| Institution: | 1. University of Delaware, 19711, Newark, Delaware, USA
2. U.S. Geological Survey, 22092, Reston, Virginia, USA
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| Abstract: | An estimation technique has been derived to predict the number of small fields in a geologic play or basin. Historically, many small oil and gas fields went unreported because they were not economical. This led to an underestimation of the number of undiscovered small fields. A study of the distributions of reported oil and gas fields in well-explored areas suggests that the large fields when grouped into log base 2 size classes are geometrically distributed. Further, the number of small fields reported is a function of the cost of exploration and development. Thus, the population field-size distribution is conjectured to be log geometric in form. |
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