Browsing Working Papers by Author "Watkins, G. C."

Now showing items 1-6 of 6

    • Characteristics of North Sea oil reserve appreciation 

      Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2000)
      In many petroleum basins, and especially in more mature areas, most reserve additions consist of the growth over time of prior discoveries, a phenomenon termed reserve appreciation. This paper concerns crude oil reserve ...

    • Costs of aggregate hydrocarbon reserve additions 

      Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2002)
      In what follows, we highlight problems created by aggregation using fixed conversion coefficients (Section 1). We then offer an economic index approach as an alternative, one that recognizes changing relative values of oil ...

    • Oil and natural gas reserve prices : addendum to CEEPR WP 03-016 ; including results for 2003 revisions to 2001 

      Adelman, Morris Albert; Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2005)
      Introduction. A working paper entitled "Oil and Natural Gas Reserve Prices 1982-2002: Implications for Depletion and Investment Cost" was published in October 2003 (cited hereafter as Adelman & Watkins [2003]). Since then ...

    • Oil and natural gas reserve prices, 1982-2002 : implications for depletion and investment cost 

      Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 2003)
      A time series is estimated of in-ground prices - as distinct from wellhead prices ₆ of US oil and natural gas reserves for the period 1982-2002, using market purchase and sale transaction information. The prices are a ...

    • Reserve asset values and the "hotelling valuation principle" 

      Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 1992)
      The Hotelling Valuation Principle, that the in-situ value of a mineral unit equals the current net price, is a special case of a more general relation. Tested against a set of recent Canadian sales of oil and gas reserves, ...

    • The value of United States oil and gas reserves 

      Adelman, Morris Albert; Watkins, G. C. (MIT Center for Energy and Environmental Policy Research, 1996)
      The object of this research is to estimate a time series, starting in 1979, for the value of in-ground oil reserves and natural gas reserves in the United States. Relatively good statistics exist for the physical quantities. ...