IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Oil and Natural Gas Reserve Prices- Addendum to CEEPR WP 03-016, Including Results for 2003 and Revisions to 2001

  • M.A. Adelman
  • G.C. Watkins
Registered author(s):

    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 we have obtained data for 2003 and estimated oil and natural gas reserve prices for that year. We have also revised our previous estimates of reserve prices for 2001. This addendum paper reports on the nature and significance of the results for 2003 and the revisions to 2001. We have also extended the analysis by adding two new features. First is the expression of reserve prices in real terms – previously we had only reported nominal prices. Second, we have estimated levelized or constant field prices that appear to underlie reserve prices, for each year. We refer to these as planning prices. Previously we had only published estimated growth rates in field prices from levels prevailing for a given year, congruent with our estimates of reserve prices. Section 1 of this Addendum paper highlights the 2003 results. Section 2 discusses the revisions for year 2001. Section 3 outlines the nature of the analytical extensions, presents the results, and discusses what they show. Concluding remarks are in Section 4. Adelman & Watkins [2003] included an extensive set of tables in Appendices. The revisions to all these tables to include 2003 and revised 2001 data are attached here as Appendices. This paper is to be read in conjunction with, not as a substitute for, Adelman & Watkins [2003]: analysis and description in the 2003 paper is not repeated here.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://tisiphone.mit.edu/RePEc/mee/wpaper/2005-013.pdf
    Our checks indicate that this address may not be valid because: 500 Can't connect to tisiphone.mit.edu:80 (10060). If this is indeed the case, please notify (Sharmila Ganguly)


    Download Restriction: no

    Paper provided by Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research in its series Working Papers with number 0513.

    as
    in new window

    Length:
    Date of creation: Mar 2005
    Date of revision:
    Handle: RePEc:mee:wpaper:0513
    Contact details of provider: Postal: 77 Massachusetts Ave. (Building E40-279), Cambridge, MA 02139-4307
    Phone: (617) 253-3551
    Fax: (617) 253-9845
    Web page: http://tisiphone.mit.edu/RePEc
    Email:


    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mee:wpaper:0513. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sharmila Ganguly)

    The email address of this maintainer does not seem to be valid anymore. Please ask Sharmila Ganguly to update the entry or send us the correct address

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.