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Socioeconomic impact of infill drilling recovery from carbonate reservoirs in the Permian Basin, West Texas
Abstract
This investigative study presents results on the socioeconomic impact of infill drilling recovery from carbonate reservoirs in the Permian Basin. The amount of incremental oil and gas production from infill drilling in 37 carbonate reservoir units is established using decline curve analysis. The increase in incremental recovery is used to compute the amount of increased revenue and taxes (local, state and federal). A job market analysis is performed to determine the impact of these increased revenues on primary jobs in the oil industry and secondary jobs in the community. Secondary jobs are generated by oil industry workers spending money in the community. The appropriation of the estimated taxes is analyzed to determine which government agencies benefit most from the infill drilling. The observations from this research are that most of the San Andres and Clearfork carbonate reservoir units in the Permian Basin are potentially profitable to infill drill. The incremental oil and gas production from infill drilling could maintain or create many primary jobs within the local oil industry and also secondary jobs in the community. The incremental production could generate taxes which would greatly benefit certain local, state, and federal government agencies. This research proposal presents a methodology to calculate the amount of incremental oil and gas production from infill drilling, calculate the amount of revenue and taxes generated from the incremental production, determine how the increased reserves affects the job market in the communities and how the increased taxes help government agencies. These results could be helpful in bolstering the oil industries image in local town meetings, in government permitting processes, and in lobbying state and federal congresses to acquire investment aid or tax breaks for oil field investment projects. The technical contributions of this research proposal are as follows: (1) presents a methodology including the parameters used in determining profitable infill drilling projects in the San Andres and Clearfork units of the Permian Basin, (2) develops a correlation local town meetings, in lobbying state and aid or tax breaks for oil between the increased revenues of infill drilling and between the increased revenues of infill drilling and the creation of jobs in the Permian basin communities, and (3) develops a correlation between the increased tax revenues of infill drilling recovery and the benefits to local, state, and federal agencies.
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Citation
Jagoe, Bryan Keith (1994). Socioeconomic impact of infill drilling recovery from carbonate reservoirs in the Permian Basin, West Texas. Master's thesis, Texas A&M University. Available electronically from https : / /hdl .handle .net /1969 .1 /ETD -TAMU -1994 -THESIS -J245.
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