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      • HARVEST
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      An economic analysis of crude oil exploration in Saskatchewan and Alberta

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      MA_Thesis.pdf (1.236Mb)
      Date
      2002-08-22
      Author
      Kamsari, Haul
      Type
      Thesis
      Degree Level
      Masters
      Metadata
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      Abstract
      The International market of crude oil and natural gas is well established and very competitive. Knowledge about costs is important in helping to understand the current position of producers within the industry. In the eyes of the producers, the lower the costs the more profitable they will become given the price of crude. This thesis focuses on an economic analysis of crude oil exploration in Saskatchewan and Alberta. In a competitive market, the producers require estimates of finding costs in both regions. The public policies that are designed to encourage crude exploration also rely heavily on reliable estimates of these costs. The results show that Saskatchewan’s per-unit finding cost is significantly lower than Alberta’s in spite of the geological differences between the two provinces. The finding costs are estimated by using a methodology (Uhler 1979) that has been widely accepted within economic literature of non-renewable resources. The results support the hypothesis that finding costs in both regions are increasing and the argument that these costs will converge in the long-run, except for the last six years of the analysis.
      Degree
      Master of Arts (M.A.)
      Department
      Economics
      Program
      Economics
      Supervisor
      Paus-Jenssen, Arne
      Committee
      Tran, Kien C.; Furtan, W. Hartley; Bruneau, Joel F.; Bishopp, William D.
      Copyright Date
      August 2002
      URI
      http://hdl.handle.net/10388/etd-02252005-154323
      Subject
      land
      royalties
      taxation
      finding cost
      discovery process
      exploration activities
      crude oil
      oil prices
      public policies
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      • Graduate Theses and Dissertations
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