When individual petroleum-producing firms make their exploration decisions, information externalities and extraction externalities may lead them to interact strategically with their neighbors. If they do occur, strategic interactions in exploration would lead to a loss in both firm profit and government royalty revenue. Since these strategic interactions would be inefficient, changes in the gov...

Two recent discoveries have greatly impacted understanding relevant to the origination and emplacement of petroleum and natural gas deposits. One discovery, pertaining to hydrocarbon formation from methane broadens significantly potential regions where abiotic petroleum and natural gas deposits might be found. The other, discovery of the physical impossibility of Earth-mantle convection, restri...

For Dave Wood Prior to his untimely death, my friend Dave Wood gave me wise counsel about how best to organize a paper describing uses of statistics in oil and gas exploration. A preliminary reconnaissance of the literature alerted me to the enormous range of topics that might be covered. Geology, geophysics with particular attention to seismology, geochemistry, petroleum engineering and petrol...

due to the location of a domestic, industrial and agricultural zone near the caspian sea, this water body has long been under pressure and environmental threat. as a result of development of oil production activities in caspian region, such as oil exploration and extraction, a large volume of oil related pollutants is released annually into this important water body. considering the fact that h...