Coastal erosion risk assessment to discuss mitigation strategies: Barra-Vagueira,Portugal

Natural Hazards - Worldwide coastal zones present serious erosion problems that cause loss of territory. This phenomenon exposes people and goods to the threat, being necessary to carry out a...     

A Royalty Revenue Forecast Model for Louisiana

Louisiana receives royalty revenue when minerals are produced on state-owned lands and water bottoms, federal properties within the state, and offshore fields underlying federal and state jurisdiction within 3–6 nautical miles from the coastline. Royalty revenue on oil and gas production has averaged $465 million per year and has contributed 3–7% of the state general revenue over the past decade. The purpose of this article is to develop a royalty revenue forecast model to assist in state budgeting and planning purposes. Producing fields are evaluated within a probabilistic framework to capture the uncertainty associated with future capital outlays and operational changes, and a discovery model is used to generate production from fields expected to be discovered in the future. The forecasts are combined with commodity price scenarios and royalty rate assumptions to generate a royalty revenue outlook for the state. We estimate that cumulative royalty revenue during 2012–2017 will range from $704 million to $1,408 million for oil production and from $286 million to $1,145 million for gas production for commodity prices of 60–120 $/bbl and 2–8 $/Mcf. At $80/bbl and $4/Mcf, cumulative royalty receipts from 2012 to 2017 are estimated at $1,510 million.     

A Retrospective of Oil and Gas Field Development in the U.S. Outer Continental Shelf Gulf of Mexico, 1947–2017

Natural Resources Research - The U.S. Gulf of Mexico is a world-class hydrocarbon basin and industry has an impressive track record of advancing its capabilities in the region. From 1947 to 2017,...