Sliding Royalties for Oil and Gas Wells

The integrity of oil and gas wells.

Public concerns about oil and natural gas extraction these days inevitably turn to hydraulic fracturing, where millions of gallons of water, sand, and chemicals are pumped underground at high pressures to crack open rocks. Hydraulic fracturing often occurs a mile or more down, far from the water we drink or the air we breathe. The focus for safety and environmental stewardship should often be s...

Oil and Gas Wells in Michigan

Identification and ranking risks of horizontal directional drilling for oil & gas wells by using fuzzy analytic network process, a case study for Gachsaran oil field wells

Risk ranking of Horizontal Directional Drilling (HDD) for gas and oil wells is a key criterion in the project feasibility, pricing and for introducing a risk management strategy that aims to reduce the number of failures in the installation phase and its negative consequences. HDD is currently widely used in drilling wells in Iran, but research in the area of identification and risks ranking of...

Asset Ownership, Windfalls, and Income: Evidence from Oil and Gas Royalties

The recent oil and gas production boom in the contiguous United States generated tens of billions in additional royalty income for owners of oil and gas rights. We use the royalty income shock to study the local multiplier effect of unanticipated income and find that each royalty dollar received by county residents created an additional $0.50 in local income, mostly through greater wage income....

Control structure design for stabilizing unstable gas-lift oil wells

Active control of the production choke valve is the recommended solution to prevent casing-heading instability in gas-lifted oil wells. Focus of this work is to find a simple yet robust control structure for stabilization of the system. In order to find suitable control variables, a controllability analysis of the system with different candidate control variables and two alternative manipulated...