Costs of Aggregate Hydrocarbon Additions
'Oil Equivalence' is widely used to measure total hydrocarbon activity. Natural gas is converted to oil using a fixed factor, usually based on thermal measurement. In turn, expenditures on oil and gas are divided by such 'oil equivalence' volumes to define unit costs, especially...
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| Veröffentlicht in: | The Energy journal (Cambridge, Mass.) Mass.), 2004-01, Vol.25 (3), p.37-51 |
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| container_title | The Energy journal (Cambridge, Mass.) |
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| creator | Adelman, M. A. Watkins, G. Campbell |
| description | 'Oil Equivalence' is widely used to measure total hydrocarbon activity. Natural gas is converted to oil using a fixed factor, usually based on thermal measurement. In turn, expenditures on oil and gas are divided by such 'oil equivalence' volumes to define unit costs, especially of reserve additions. This approach lacks economic content. We show its implicit assumptions and constraints, and develop an alternative aggregation method using index numbers, with an example. |
| doi_str_mv | 10.5547/ISSN0195-6574-EJ-Vol25-No3-3 |
| format | Article |
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A.</creatorcontrib><creatorcontrib>Watkins, G. Campbell</creatorcontrib><title>Costs of Aggregate Hydrocarbon Additions</title><title>The Energy journal (Cambridge, Mass.)</title><description>'Oil Equivalence' is widely used to measure total hydrocarbon activity. Natural gas is converted to oil using a fixed factor, usually based on thermal measurement. In turn, expenditures on oil and gas are divided by such 'oil equivalence' volumes to define unit costs, especially of reserve additions. This approach lacks economic content. We show its implicit assumptions and constraints, and develop an alternative aggregation method using index numbers, with an example.</description><subject>Aggregate price indices</subject><subject>Aggregates</subject><subject>Aggregation</subject><subject>Analysis</subject><subject>Applied sciences</subject><subject>Commodity prices</subject><subject>Composition</subject><subject>Consumers</subject><subject>Costs</subject><subject>Crude oil</subject><subject>Economic data</subject><subject>Economic indices</subject><subject>Energy</subject><subject>Energy economics</subject><subject>Exact sciences and technology</subject><subject>Expenditures</subject><subject>Fossil fuels</subject><subject>Fossil fuels and derived products</subject><subject>Gas</subject><subject>Gasoline prices</subject><subject>General, economic and professional studies</subject><subject>Hydrocarbons</subject><subject>Joint products</subject><subject>Market prices</subject><subject>Methodology. Modelling</subject><subject>Natural gas</subject><subject>Natural gas prices</subject><subject>Natural gas reserves</subject><subject>Oil</subject><subject>Oil prices</subject><subject>Oil reserves</subject><subject>Petroleum</subject><subject>Petroleum industry</subject><subject>Prices and rates</subject><subject>Production processes</subject><subject>Studies</subject><subject>Supply</subject><subject>Unit costs</subject><issn>0195-6574</issn><issn>1944-9089</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2004</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNqNkV1rFDEUhoMouFZ_grD4hV6k5nNmAt4sy9ZuKRVc9TacySTDLLOTNsmC_ffNOLVlZS_MgRwIz_uecF6E3lFyKqUoP683mytClcSFLAVeXeBfvmcSX3mO-RM0o0oIrEilnqLZA_YcvYhxS_IRZTVDH5c-pjj3br5o22BbSHZ-ftsEbyDUfpgvmqZLnR_iS_TMQR_tq_t-gn6erX4sz_Hlt6_r5eISm6KkCQNpSMHrhjnBFBO8ptLKkqmq5LKugRR1owyppQVOlBMFlcqZQlW14w0rQPET9GHyvQ7-Zm9j0rsuGtv3MFi_j5pLynOJDL75B9z6fRjy3zRjjIhKsDJDbyeohd7qbnA-BTCjo15QRoiqCBkpfIRq7WAD9H6wrsvPB_zpET5XY3edOSr4dCDITLK_Uwv7GPV68_2Q_TKxJvgYg3X6OnQ7CLeaEj3Grv_Grsc89epC_4ld59g1z_L392uBaKB3AQbTxUcPqWgp6DhGTVyE1j6u7j9nvJ6025h8ePAWlDNO8n0H9EDGQQ</recordid><startdate>20040101</startdate><enddate>20040101</enddate><creator>Adelman, M. 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A. ; Watkins, G. 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| fulltext | fulltext |
| identifier | ISSN: 0195-6574 |
| ispartof | The Energy journal (Cambridge, Mass.), 2004-01, Vol.25 (3), p.37-51 |
| issn | 0195-6574 1944-9089 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_35131314 |
| source | EBSCOhost Business Source Complete; SAGE Complete A-Z List; Jstor Complete Legacy |
| subjects | Aggregate price indices Aggregates Aggregation Analysis Applied sciences Commodity prices Composition Consumers Costs Crude oil Economic data Economic indices Energy Energy economics Exact sciences and technology Expenditures Fossil fuels Fossil fuels and derived products Gas Gasoline prices General, economic and professional studies Hydrocarbons Joint products Market prices Methodology. Modelling Natural gas Natural gas prices Natural gas reserves Oil Oil prices Oil reserves Petroleum Petroleum industry Prices and rates Production processes Studies Supply Unit costs |
| title | Costs of Aggregate Hydrocarbon Additions |
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