What Can We Learn From The Oil Field Size Distribution?

GraphOilogy via EnergyBulletin.net – Summary

There are several ways to estimate the amount of oil that will ultimately be pumped from the ground — that is, the Ultimate Recoverable Resource (URR). The usual way is to apply a curve-fitting technique following W. King Hubbert’s approach.

Another way is to study the distribution of oil field sizes, something that is well described by a Parabolic Fractal Law.

The latter approach is illustrated on the UK field-by-field data set. We find that bringing smaller oilfields online will not make a significant difference. Small oilfields will not save us.
GraphOilogy via EnergyBulletin.net