A new reserve growth model for United States oil and gas fields
Natural Resources Research
By: M.K. Verma
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Abstract
Reserve (or field) growth, which is an appreciation of total ultimate reserves through time, is a well-recognized phenomenon, particularly in mature petroleum provinces. The importance of forecasting reserve growth accurately in a mature petroleum province made it necessary to develop improved growth functions, and a critical review of the original Arrington method was undertaken. During a five-year (1992-1996), the original Arrington method gave 1.03% higher than the actual oil reserve growth, whereas the proposed modified method gave a value within 0.3% of the actual growth, and therefore it was accepted for the development for reserve growth models. During a five-year (1992-1996), the USGS 1995 National Assessment gave 39.3% higher oil and 33.6% lower gas than the actual growths, whereas the new model based on Modified Arrington method gave 11.9% higher oil and 29.8% lower gas than the actual growths. The new models forecast predict reserve growths of 4.2 billion barrels of oil (2.7%) and 30.2 trillion cubic feet of gas (5.4%) for the conterminous U.S. for the next five years (1997-2001). ?? 2005 International Association for Mathematical Geology.
Suggested Citation
Verma, M., 2005, A new reserve growth model for United States oil and gas fields: Natural Resources Research, v. 14, no. 2, p. 77-89, https://doi.org/10.1007/s11053-005-6950-4.
ISSN: 1573-8981 (online)
| Publication type | Article |
|---|---|
| Publication Subtype | Journal Article |
| Title | A new reserve growth model for United States oil and gas fields |
| Series title | Natural Resources Research |
| DOI | 10.1007/s11053-005-6950-4 |
| Volume | 14 |
| Issue | 2 |
| Year Published | 2005 |
| Language | English |
| Larger Work Type | Article |
| Larger Work Subtype | Journal Article |
| Larger Work Title | Natural Resources Research |
| First page | 77 |
| Last page | 89 |