Alberta's Petroleum Industry and Conservation Board by David Breen

By David Breen

This booklet is the showpiece of the background venture. It info the Board's early years, describes occasions, explains why they occurred, and introduces us to the various personalities who made them take place. Dr. Breen has hired his exacting criteria for particular study and research in getting ready this paintings, and he has written it in a method that informs whereas it keeps our curiosity. For this, the Board is grateful. distinctive thank you also are because of these members, basically former Board employees individuals, who dedicated a lot time and a focus to the gathering and synthesis of the mass of data. This e-book offers with the 1st twenty years of the Board's heritage. The efforts of Dr. Breen and his learn assistants depart a list that might facilitate extra specific research and critical written works at the Board's later background.

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The responsibility of protecting correlative rights in the field by careful policing of rateable-take regulations also fitted naturally into the mandates of conservation authorities. In some jurisdictions, the institutionalized pricing system for natural gas, based on long-term contracts, brought the further obligation of fixing minimum wellhead prices to ensure conservation and exploration to expand reserves to meet long-term requirements. THE PETROLEUM INDUSTRY IN NORTH AMERICA: ITS OPERATING FRAMEWORK The origin and evolution of petroleum conservation was influenced significantly by the unique structure of the petroleum industry in North America, and it is necessary therefore to be aware of certain features of the industry's operating framework.

His trip to Edmonton in 1949 to perform such a role north of the border underscores the nature of the continental forces that so profoundly shaped the character of the petroleum industry's development in the Canadian West. S. ) In August 1859, at nearby Titusville, Edwin L. 5 feet. Soon, jets of black oil were shooting past the derrick tops of scores of wells, many spaced only a few feet apart, along a seven-mile stretch of the creek. No one knew how to handle the liquid that emerged, and it was held in hastily built containers of every description and in open pits.

The increased operating costs of an improved recovery project must be set against the revenues anticipated from projected added production. Generally, it costs more to produce secondary than primary oil, and the industry has always been quick to draw this to the attention of regulatory agencies and government so that the appropriate "allowances" might be made. In the end, the pace, nature and pattern of improved recovery programs are considerably influenced by conservation policy. The essential technical objective of improved recovery is maintenance or restoration of formation pressure and flow capacity in a reservoir and improved displacement of oil from the reservoir rock to enable the recovery of as much of the remaining oil as possible.

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