Unconventional hydrocarbon reserves substantially surpass those of conventional resources and therefore are extremely economically attractive. However, exploration and production of unconventional reserves is challenging. This paper demonstrates that one can observe significant induced polarization effects in shale reservoir rocks, which can be used in exploration for unconventional reserves. T...

Estimation of reserves in tight gas and shale gas reservoirs is problematic due to the low to ultra-low permeability characteristics of these reservoir systems. The sole application of conventional decline curve analysis methodologies often yields erroneous reserve estimates. Therefore, the use of theoretically-based production analysis techniques has become a must to analyze well performance a...

It is notable that over the past decade, proven reserves of natural gas have dramatically increased as higher prices and advances in technology have turned previously unrecoverable resources into major sources of domestic production. Moreover, the decline in crude oil reserves has significantly slowed over the past decade. Therefore, there would be an end to the conventional hydrocarbon resourc...

This paper argues that the Bank of Japan shrank from doing the right thing because it required the adoption of unconventional policies that might lose the Bank its newly acquired independence. Taka Ito frankly recognises that this argument has a problem: the Bank of Japan adopted two and a half of the recommended unconventional policies: increasing excess reserves, buying government bonds and b...

Recent reports show growing reserves of unconventional gas are available and that there is an appetite from policy makers, industry, and others to better understand the GHG impact of exploiting reserves such as shale gas. There is little publicly available data comparing unconventional and conventional gas production. Existing studies rely on national inventories, but it is not generally possib...

The middle Cretaceous Colorado Group of the Western Canadian Sedimentary Basin consists predominantly of mudstone deposited during major marine inundations interspersed with relatively thin sandstone and conglomerate beds. The Colorado Group petroleum system, containing a large portion of the light-medium oil and natural gas reserves within the Middle Jurassic to Cretaceous foreland basin succe...

Following the bankruptcy of Lehman Brothers, interbank borrowing and lending dropped, whereas reserve holdings of depository institutions skyrocketed, as the Fed injected liquidity into the U.S. banking sector. This paper introduces bank liquidity risk and limited market participation into a real business cycle model with ex ante identical financial intermediaries and shows, in an analytically ...

Since the onset of the 2008 financial crisis, many economists have studied the effects of unconventional monetary policies such as credit-easing policies or actions aimed at altering the maturity structure of the private sector’s asset holdings. But surprisingly, there has been relatively little work on one of the traditional policy tools of a central bank—required reserve ratios—and how requir...

With the commercial development of extremely low permeability oil and gas reservoirs, new challenges have arisen both from operational and reservoir standpoints. Reservoir models, which previously yielded reasonable results for reserves estimates and production forecasts, no longer do so. Various new models and techniques have been proposed to improve the accuracy and reliability of reserves es...