The hotelling valuation of natural resources: some further results

Jamal, A. M. M.; Crain, John L.

doi:10.1016/s0301-4207(97)00035-4

Cited by 3 publications

(1 citation statement)

References 8 publications

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“…Swierzbinski argue that Hotelling evaluation principle is an economic approach to consider the choice of extraction of exhaustible resource as an investment decision (Swierzbinski, 2013 ). Jamal and Crain applied Hotelling evaluation principle to calculate the net value of an exhaustible natural resource (Jamal and Crain 1997 ). The cost increases at the prevailing interest rate.…”

Section: Introductionmentioning

confidence: 99%

A review on application of nanoparticles for EOR purposes: history and current challenges

Iravani

Khalilnezhad

2023

J Petrol Explor Prod Technol

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Applications of nanotechnology in several fields of petroleum industry, e.g., refinery, drilling and enhanced oil recovery (EOR), have attracted a lot of attention, recently. This research investigates the applications of nanoparticles in EOR process. The potential of various nanoparticles, in hybrid and bare forms for altering the state of wettability, reducing the interfacial tension (IFT), changing the viscosity and activation of other EOR mechanisms are studied based on recent findings. Focusing on EOR, hybrid applications of nanoparticles with surfactants, polymers, low-salinity phases and foams are discussed and their synergistic effects are evaluated. Also, activated EOR mechanisms are defined and specified. Since the stabilization of nanofluids in harsh conditions of reservoir is vital for EOR applications, different methods for stabilizing nanofluids through EOR procedures are reviewed. Besides, a discussion on different functional groups of NPs is represented. Later, an economic model for evaluation of EOR process is examined and “Hotelling” method as an appropriate model for investigation of economic aspects of EOR process is introduced in detail. The findings of this study can lead to better understanding of fundamental basis about efficiency of nanoparticles in EOR process, activated EOR mechanisms during application of nanoparticles, selection of appropriate nanoparticles, the methods of stabilizing and economic evaluation for EOR process with respect to costs and outcomes.

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Section: Introductionmentioning

confidence: 99%

A review on application of nanoparticles for EOR purposes: history and current challenges

Iravani

Khalilnezhad

2023

J Petrol Explor Prod Technol

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Hotelling rule in non-renewable resources: A bibliometric and systematic literature review analysis

Cotrina-Teatino,

Marquina-Araujo

2024

Resources Policy

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Valuing Petroleum Reserves Using Current Net Price

Davis¹,

Cairns²

1999

Economic Inquiry

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Miller and Upton propose the “Hotelling Valuation Principle”: producing mineral reserves can be valued by multiplying the mineral's current net price by the reserve estimate. Adelman argues that, by omitting production constraints, the Hotelling value provides an upper bound on oil reserve value. Others claim oil reserves are options on oil, with the Hotelling value being a lower bound on their value. In an optimizing model of oil production we incorporate uncertainty and production constraints and find that the Hotelling value is a theoretical upper bound on value. We also find that a modified net price rule approximates reserve value. (JEL Q41, G13, G12)

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The hotelling valuation of natural resources: some further results

Cited by 3 publications

References 8 publications

A review on application of nanoparticles for EOR purposes: history and current challenges

A review on application of nanoparticles for EOR purposes: history and current challenges

Hotelling rule in non-renewable resources: A bibliometric and systematic literature review analysis

Valuing Petroleum Reserves Using Current Net Price

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