Author: James N. Tanner

Publisher: Calgary : Canadian Energy Research Institute

Published: 1987

Total Pages: 190

ISBN-13:

The recent volatility of crude oil prices has raised concerns over the volume of oil which can be expected to be discovered in the various supply regions in Canada. This study focuses on the likely implication of crude oil volatility on future oil supply from Saskatchewan. The study constructed a model to help analyze the effects of price changes on established reserves, and also reserve additions from both new discoveries and extensions of older pools. The model uses the provincial well data base and research on the royalty rates, taxes, and operation costs in Saskatchewan to analyze the effects of price changes on established reserves, defined as short-run supply, over a 19-year period. The long-run analysis includes both current established reserves and reserves which are likely to be discovered in the future.