Resource depletion and technical change: Effects on U.S. crude oil finding costs from 1977 to 1994

Fagan, Marie N.
October 1997
Energy Journal;1997, Vol. 18 Issue 4, p91
Academic Journal
Presents an analysis of the effects of technology and resource depletion on crude oil finding costs. Portion of substantial cost reduction attributable to technical progress; Magnitude of the countervailing effect of depletion; Effect of prospect highgrading on the costs; Highlights of oil exploration and development in the United States.


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