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Record W2177161111 · doi:10.2118/177215-ms

Effect of Oil and Gas Prices on Unconventional Resource Plays

2015· article· en· W2177161111 on OpenAlex
Roberto F. Aguilera

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueSPE Latin American and Caribbean Petroleum Engineering Conference · 2015
Typearticle
Languageen
FieldEnergy
TopicGlobal Energy and Sustainability Research
Canadian institutionsUniversity of Calgary
FundersChina National Offshore Oil CorporationCurtin University of Technology
KeywordsUnconventional oilFossil fuelTight oilFutures contractPetroleum industryEconomicsShale oilOil-storage tradeOil pricePetroleumPetroleum engineeringNatural resource economicsOil shaleEnvironmental scienceMonetary economicsFinancial economicsChemistryEngineeringWaste managementEnvironmental engineering

Abstract

fetched live from OpenAlex

Abstract The objective of this paper is to examine the effect of oil and gas prices on the development of tight and shale reservoirs including oil, gas and condensate. The methodology uses a variable shape distribution (VSD) model for examining past, present and futures prices of oil and gas. The VSD matches historical annual changes in oil and gas prices with coefficients of determination that are generally larger than 0.98. Contrary to several commentators and specialized organizations around the world that were forecasting continuous oil price escalation up to US$ 300/bbl (e.g. in 2008, when the oil price was around US$ 140/bbl), the VSD was used successfully to anticipate a significant drop in prices, leading to the on-record statement that the oil price was a bubble and was going to burst (June 13, 2008). The VSD was also used to build a case at LACPEC in 2014 (Aguilera and Aguilera, 2014) indicating that "with the vast global oil resource base and the significant technological advances being implemented by the industry, oil prices could actually decrease in the future". This is a painful fact being faced today by the oil and gas industry worldwide. In this paper, the VSD has been used with a global energy market (GEM) model to examine possible future outcomes of unconventional resources development in light of forecasted oil and gas demand and anticipated price-changes calculated with the VSD. The methodology provides a novel approach for examining some realistic possibilities regarding future development of unconventional oil, gas and condensate reservoirs.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.497
Threshold uncertainty score0.661

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.009
GPT teacher head0.237
Teacher spread0.228 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it