7. What is meant by economically recoverable resources? What factors determine i

Question

7. What is meant by economically recoverable resources? What factors determine if oil/gas are economically recoverable? See USGS fact sheet fs-0028-01pdf 1. That part of the technically recoverable resource that can be unrecovered at a given well-head price; factors include costs of discovery, development, and production 2·The amount of petroleum that can be recovered without regard to cost. 3·The amount ofpetroleum that can be recovered based on technological resources; factors include costs of discovery, development, and production, including a return to capital 4. That part of the technically recoverable resource that can be recovered at a given well-head price; factors include costs of discovery, development, and production, including a return to capital 5. That part of the technically recoverable resource that can be recovered at a given well-head price without regard to cost.

Explanation / Answer

the united states geological survey uses the terms technically and economically recoverable resourceswhen making its petroleum resource assesments.

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