| Description |
1 online resource (314 pages) |
| Series |
Resources for the future library collection. Energy policy ; Volume 4 |
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Resources for the Future Library collection. Energy policy ; v. 4
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| Contents |
Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Foreword; Preface; Table of Contents; List of Tables; Chapter 1. An Approach to Conservation; Meanings of Conservation; End-Use as a Conservation Test; The Economic Theory of Conservation; Industry Concepts; Many Eyes on Conservation Regulation; Chapter 2. A Historical Digression: The Road to the Interstate Compact; The Background of the Compact; The Framing of the Compact; Problems Outside the Compact Role; Chapter 3. An Outline of Regulatory Problems |
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Chapter 4. Reservoir Development and Efficient RecoveryThe Case for Unit Operation; Phases of Interest in Unit Operation; The Basis for Compromise of Principle and Practice; Some economists' opinions; A classic case of problems inherent in voluntary unitization; Standards in the Absence of Unit Operation; The individual well; Control of production; Well spacing; Appendix to Chapter 4; Chapter 5. Excess Producing Capacity and Related Problems; Measurement and Location of Producing Capacity; Market Factors Related to Excess Productive Capacity |
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The Long-Term Nature of Excess Oil-Producing CapacitySources of Economic Inefficiency; The Relationship of Majors and Independents; Import Controls and Overcapacity; Chapter 6. The Proration System; Proration and Prevention of Waste; Physical Waste and Economic Waste; Determination of the State Allowable; Determination of Pool and Well Allowables; ""Yardstick"" or ""top"" allowables; ""Nonallocated"" or ""exempt"" production; Discovery allowables; Allocation of the state allowable among pools; The Depth Basis for Proration Formulas; Establishment of Proration and Drilling Units |
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Chapter 7. Special Topics Related to Proration1. Marginal Wells and Proration; 2. Secondary Recovery; A statistical note; 3. A Note on MER -- 4. Correlative Rights and Other Aspects of Property Rights; Allocation to wells within pools; Allocation among pools; Unallocated pools; 5. Competition Among States for Markets; 6. Statistical Services of the Federal Government; Monthly petroleum forecasts; Information on stocks of crude oil; Chapter 8. Conservation and the Market for Crude Oil; Conservation and Oil Prices; Price Stabilization as a Conservation Goal |
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The Crude-oil Market and Pricing MechanismPrices and the Nature of Demand for Petroleum; Cost Considerations and Crude-Oil Pricing; Chapter 9. A Summary Review; Background; Sources of Economic Inefficiency; Inflated capital and operating costs; Excess capacity; Ultimate recovery; The bias toward high-cost oil; High-Cost Production and Supported Prices; Paradoxes of Policy; Aspects of Federal Interest in Crude Oil; Problems of Change; Index |
| Summary |
This book traces the history and implementation of regulation programs for state crude oil production. Originally published in 1967 |
| Notes |
Originally published in 1967 by the John Hopkins University Press for Resources for the Future |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (ebrary, viewed November 11, 2013) |
| Subject |
Petroleum industry and trade -- United States.
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Petroleum law and legislation -- United States
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Petroleum conservation -- United States
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BUSINESS & ECONOMICS -- Industries -- General.
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Petroleum conservation
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Petroleum industry and trade
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Petroleum law and legislation
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United States
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| Form |
Electronic book
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| Author |
Homan, Paul T. (Paul Thomas), 1893-1969.
|
| ISBN |
9781135985462 |
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1135985464 |
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9781315064055 |
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1315064057 |
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