1989
DOI: 10.2118/17454-pa
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Incentives, Technology, and EOR at Lower Oil Prices

Abstract: Summary Tax incentives, price supports, and technology advances can all stimulate reserve additions from EOR. This paper estimates incremental EOR reserves and their direct impacts on the treasuries of the incentive-granting government and on the public sector in general as a function of these three policy variables. New Mexico, Oklahoma. and the U.S. as a whole are examined by detailed reservoir-by-reservoir technological and economic analyses. The evaluations rely on methods developed by th… Show more

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Cited by 6 publications
(3 citation statements)
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“…As shown in Figure V-4, tax incentives at $28 per barrel would result in incremental production of only about 0.9 MMB/D by 2000. This confirms previous analyses (Brashear et al;1989;ICF Resources, 1990b) that showed that the impact of tax incentives on domestic crude oil supplies is greatest at low oil prices.…”
Section: Impacts Of Tax Incentives On Dome_:jccrude Oil Productionsupporting
confidence: 89%
See 1 more Smart Citation
“…As shown in Figure V-4, tax incentives at $28 per barrel would result in incremental production of only about 0.9 MMB/D by 2000. This confirms previous analyses (Brashear et al;1989;ICF Resources, 1990b) that showed that the impact of tax incentives on domestic crude oil supplies is greatest at low oil prices.…”
Section: Impacts Of Tax Incentives On Dome_:jccrude Oil Productionsupporting
confidence: 89%
“…(IOCC, 1987a;1986). Federal tax incentives previously analyzed by DOE could have nearly the same results at current oil price levels around $20 per barrel (Brashear, et al, 1989). as currently proposed research and tax policy initiatives, the nation would benefit through greater domestic oil production and enhanced U.S. energy security.…”
Section: Economic/fiscal Disincentives To Exploration/development mentioning
confidence: 90%
“…p.28] As no single publicly accessible, comprehensive data base describing United States petroleum basins, fields and wells in sufficient detail for effective nationwide resource analysis exists, the USGS employed many different data sources of varying completeness and quality in its assessment. To appreciate the magnitude of the task they faced the reader must recognize that there are more than 100,000 documented U.S. oil and gas reservoirs and over 3,000,000 oil and gas wells have been drilled in U.S. oil and gas territories [Brashear et al (1989)]. Well and reservoir data is generated by oil and gas field operators and collected and processed by petroleum companies, professional societies such as the American Association of Petroleum Geologists, the American Petroleum Institute, the American Gas Association, the Gas Research Institute, state geological surveys and federal agencies as well as by oil and gas data marketing firms.…”
Section: Data Quality Auditsmentioning
confidence: 99%