The petroleum industry is enduring difficult financial times because of the continuing depressed price of crude oil on the world market. This has caused major corporate restructuring and reductions in staff throughout the industry. Because oil exploration must now be done with fewer people under more difficult economic constraints, it is essential that the most effective and efficient procedures be used. Computing Risk for Oil Prospects describes how prospect risk assessment — predicting the distribution of financial gains or losses that may result from the drilling of an exploration well — can be done using objective procedures implemented on personal computers. The procedures include analyses of historical data, interpretation of geological and geophysical data, and financial calculations to yield a spectrum of the possible consequences of decisions. All aspects of petroleum risk assessment are covered, from evaluating regional resources, through delineating an individual prospect, to calculation of the financial consequences of alternative decisions and their possible results. The bottom lines are given both in terms of the probable volumes of oil that may be discovered and the expected monetary returns. Statistical procedures are linked with computer mapping and interpretation algorithms, which feed their results directly into routines for financial analysis. The programs in the included library of computer programs are tailored to fit seamlessly together, and are designed for ease and simplicity of operation. The two diskettes supplied are IBM compatible. Full information on loading is given in Appendix A - Software Installation. Risk I diskette contains data files and executables and Risk 2 diskette contains only executables. The authors contend that the explorationist who develops a prospect should be involved in every facet of its analysis, including risk and financial assessments. This book provides the tools necessary for these tasks.

A microcomputer-based expert system with computer models for classifying world sedimentary basins as an aid to assessing petroleum resources.

The Gospel-Hump Wilderness lies in central Idaho. A mineral survey of the 206,500 acre area in Idaho County was conducted by the U.S. Geological Survey and the U.S. Bureau of Mines during 1980 to 1983. The study consisted of new geologic mapping, geochemical sampling of the wilderness and vicinity, geophysical surveying, and investigation of claim blocks in or near the wilderness. Fractures in the roof zone of plutons of the Idaho batholith host gold and silver deposits in mining districts that are contiguous with and included in the Gospel- Hump Wilderness. Subeconomic gold and silver resources are indicated and inferred at the War Eagle and Blue Jay mines (southeastern part of the area). Parts of the eastern half of the wilderness area, which are included in mining districts and which are along the trends of known mineralized fractures, have a high potential for gold and silver resources and moderate potential for copper, lead, zinc, and molybdenum resources in quartz fissure-veins. Other parts of the wilderness that have the same geologic setting have a moderate potential for gold and silver resources in undiscovered quartz veins that lie along the trend of or are parallel to known veins. The western third of the wilderness has a moderate potential for tungsten, silver, lead, copper, nickel, and possibly gold resources in skarn or metasomatic replacement deposits along thrust faults adjacent to carbonate units.

This book provides a wealth of geomathematical case history studies performed by the author during his career at the Ministry of Natural Resources Canada, Geological Survey of Canada (NRCan-GSC). Several of the techniques newly developed by the author and colleagues that are described in this book have become widely adopted, not only for further research by geomathematical colleagues, but by government organizations and industry worldwide. These include Weights-of-Evidence modelling, mineral resource estimation technology, trend surface analysis, automatic stratigraphic correlation and nonlinear geochemical exploration methods. The author has developed maximum likelihood methodology and spline-fitting techniques for the construction of the international numerical geologic timescale. He has introduced the application of new theory of fractals and multi fractals in the geostatistical evaluation of regional mineral resources and ore reserves and to study the spatial distribution of metals in rocks. The book also contains sections deemed important by the author but that have not been widely adopted because they require further research. These include the geometry of preferred orientations of contours and edge effects on maps, time series analysis of Quaternary retreating ice sheet related sedimentary data, estimation of first and last appearances of fossil taxa from frequency distributions of their observed first and last occurrences, tectonic reactivation along pre-existing schistosity planes in fold belts, use of the grouped jackknife method for bias reduction in geometrical extrapolations and new applications of the theory of permanent, volume-independent frequency distributions.

This book has been prepared by the collaborative effort of two somewhat separate technical groups: the researchers at the Institute for Petroleum and Organic Geochemistry, Forschungszentrum Jii lich (KFA), and the technical staff of Integrated Exploration Systems (IES). One of us, Donald R. Baker, from Rice University, Houston, has spent so much time at KFA as a guest scientist and researcher that it is most appropriate for him to contribute to the book. During its more than 20-year history the KFA group has made numerous and significant contributions to the understanding of petroleum evolution. The KFA researchers have emphasized both the field and laboratory approaches to such important problems as source rock recognition and evaluation, oil and gas generation, maturation of organic matter, expulsion and migration of hydrocarbons, and crude oil composition and alteration. IES Jiilich has been a leader in the development and application of numerical simulation (basin modeling) procedures. The cooperation between the two groups has resulted in a very fruitful synergy effect both in the development of modeling software and in its application. The purpose of the present volume developed out of the 1994 publication by the American Association of Petroleum Geologists of a collection of individually authored papers entitled The Petroleum System - From Source to Trap, edited by L. B. Magoon and W. G. Dow.