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A hybrid approach to the estimation of undiscovered oil resources in the United States

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  • Uri, N.D.

Abstract

This paper deals with the problem of estimating cumulative reserves and cumulative production of crude oil in the United States. We first demonstrate that these cumulative values depend on technological change and the price of crude oil. The results suggest that approx. 205 billion barrels of oil are ultimately recoverable and producible at a price of $29 per barrel. Of this total, 114 billion barrels have been produced through the end of 1977.

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  • Uri, N.D., 1979. "A hybrid approach to the estimation of undiscovered oil resources in the United States," Energy, Elsevier, vol. 4(6), pages 1079-1085.
    • Handle: RePEc:eee:energy:v:4:y:1979:i:6:p:1079-1085
    DOI: 10.1016/0360-5442(79)90098-7
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