Find-rate methodology and resource base estimates of the Hydrocarbon Supply Model (1990 update). Topical report

The Hydrocarbon Supply Model is used to develop long-term trends in Lower-48 gas production and costs. The model utilizes historical find-rate patterns to predict the discovery rate and size distribution of future oil and gas field discoveries. The report documents the methodologies used to quantify historical oil and gas field find-rates and to project those discovery patterns for future drilling. It also explains the theoretical foundations for the find-rate approach. The new field and reserve growth resource base is documented and compared to other published estimates. The report has six sections. Section 1 provides background information and an overview of the model. Sections 2, 3, and 4 describe the theoretical foundations of the model, the databases, and specific techniques used. Section 5 presents the new field resource base by region and depth. Section 6 documents the reserve growth model components