The Economic Aspect of GeologyLeith, C. K. (Charles Kenneth)
Science
The Economic Aspect of Geology
Leith, C. K. (Charles Kenneth)
Geology, Economic
Pennsylvania| Carboniferous | | |
Ohio, East |Ordovician- |Paraffin | 7,285,005| 463,367,386
and West | Carboniferous | | |
Oklahoma |Pennsylvanian |Paraffin |103,347,070| 851,320,457
Texas |Pennsylvanian, |Asph.-Par.| 38,750,031| 327,550,005
| Cretaceous-Quat.| | |
Utah | -- | -- | (b) | (b)
West |Devonian- | -- | 7,866,628| 294,474,710
Virginia | Carboniferous | | |
Wyoming |Carboniferous- |Asph.-Par.| 12,596,287| 40,019,573
| Cretaceous | | |
Other | -- | -- | 7,943| 112,925
| | |-----------| -------------
| | |355,927,716| 4,608,571,719
-------------+-----------------+----------+-----------+---------------
(a) Included in "Other."
(b) Included in Wyoming.
[Illustration: FIG. 7. Chart showing the present tendency of
the United States in respect to its unmined reserve of petroleum. Data
from U.S. Geological Survey. After Gilbert and Pogue.]
=Methods of estimating reserves.= It may be of interest to inquire into
the basis on which predictions are made of the life of an oil pool. The
process is essentially a matter of platting curves of production, and of
projecting them into the future with the approximate slopes exhibited in
districts which are already approaching exhaustion.[21] While no two
wells or two districts act exactly alike, these curves have group
characteristics which are used as a rough basis for interpreting the
future.
[Illustration: FIG. 8. The annual output of the principal oil
fields of the United States for the last twenty years. Data from U.S.
Geological Survey.]
A less reliable method is to calculate from geologic data the volume and
porosity of the oil-bearing reservoirs, and to estimate the percentage
of recovery on the basis of current practices and conditions. Complete
data for this method are often not available; but in the early years of
a field, before production curves are established, this method may serve
for a rough approximation.
[Illustration: FIG. 9. Curve showing the usual decline in oil
field production after the period of maximum output is reached. After
Ralph Arnold. The Petroleum Resources of the United States, Smithsonian
report for 1916, p. 283. Compare this theoretical curve of final
decrease with the production curve shown in Fig. 8.]
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