Development and Application of a Computerized Economic Model for Analysis of the Micellar Tertiary Oil Recovery Process in Kansas.
Abstract
This thesis describes the development of a digital computer model which analyzes the investments, costs and income for the micellar tertiary oil recovery process as applied in the state of Kansas. The economic model will calculate the oil price necessary to attain a specified rate-of-return and, conversely, a present worth profile for a given oil price. Input data for the economic model are based on actual data from Kansas oil operators. The output includes summaries of the present worth calculations and oil price required to make specified rates-of-return. The economic model makes available to the user one of four different methods of depreciation. Options are included to capitalize or expense chemicals, and to calculate percentage depletion allowance. The test results are representative of a Kansas oil field. The economic model can be easily modified for application to other methods of tertiary oil recovery or to other states. It is expected that this model will find application by oil operators in Kansas. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jan 01, 1976
- Accession Number
- ADA052683
Entities
People
- George Neal Plocek
Organizations
- University of Kansas