The Evidence for and Implications of a Fractal Distribution of Petroleum Reserves
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Abstract
This paper presents preliminary empirical and physical evidence that oil and
gas field sizes are fractally distributed. Further, the paper shows that this
evidence predicts a fractal dimension greater than 1.0, which implies that
larger quantities of hydrocarbons exist in smaller fields than in larger fields.
If this hypothesis is true more hydrocarbons remain undiscovered in smaller
fields than have been discovered to date, even in mature areas. If the hypothesis
is false, the outlook for mature areas is not nearly so optimistic.
The paper also presents a list of "key questions" that should be answered before one could be certain of a fractal distribution of reserves, and it gives a reliable estimate of the distribution's dimension.