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Author: Society of Petroleum Evaluation Engineers Publisher: ISBN: 9781555633073 Category : Natural gas reserves Languages : en Pages :
Book Description
"This new reprint, a collaboration between SPE and the Society of Petroleum Evaluation Engineers (SPEE), combines the subjects of property and project evaluation, economics, and finance by offering a selection of papers that were presented in SPE publications and other forums over the past 30 years. The purpose of this volume is to preserve and highlight some of the most important and informative papers from recent industry literature and to continue the documentation of oil and gas property evaluation advancements. Oil and Gas Property Valuation and Economics includes 30 papers on property and project valuation, risk analysis, international economics and fiscal regimes, and special focus topics. This CD also includes selected papers from two out of print volumes -- SPE Reprint Series No. 3, Oil and Gas Property Evaluation and Reserve Estimates, and SPE Reprint Series No. 16, Economics and Finance."--Insert.
Author: Society of Petroleum Evaluation Engineers Publisher: ISBN: 9781555633073 Category : Natural gas reserves Languages : en Pages :
Book Description
"This new reprint, a collaboration between SPE and the Society of Petroleum Evaluation Engineers (SPEE), combines the subjects of property and project evaluation, economics, and finance by offering a selection of papers that were presented in SPE publications and other forums over the past 30 years. The purpose of this volume is to preserve and highlight some of the most important and informative papers from recent industry literature and to continue the documentation of oil and gas property evaluation advancements. Oil and Gas Property Valuation and Economics includes 30 papers on property and project valuation, risk analysis, international economics and fiscal regimes, and special focus topics. This CD also includes selected papers from two out of print volumes -- SPE Reprint Series No. 3, Oil and Gas Property Evaluation and Reserve Estimates, and SPE Reprint Series No. 16, Economics and Finance."--Insert.
Author: John D. Wright Publisher: ISBN: 9780989674904 Category : Languages : en Pages : 649
Book Description
This text covers all of the subjects necessary to evaluate oil and gas properties. Subjects include decline curve evaluation using both Arps' equations and more recent equations, and net cash flow calculations in a royalty/tax system and a production sharing contract. Time value of money and managerial indicators are also discussed. Resource and reserve definitions under PRMS and SEC systems including a compilation of the 1978 and 2008 SEC definitions. Oil and gas pricing is discussed including an example on calculating the revenue from a POP contract. Examples of AFE's for horizontal and vertical wells are provided along with lease operating statements. Methods of handling uncertainty are covered including sensitivity analysis, expected value tables, decision trees, and Monte Carlo simulation. There is a chapter on U.S. Federal Income Tax as applied to both IPRO and integrated oil companies. Land concepts are discussed and a technique for determining working interest and net revenue interest in complex deals is presented. One chapter covers the three styles of report - letter, formal, and oral - with specific suggestions for the report content and example reports.
Author: Paul Paine Publisher: Read Books Ltd ISBN: 1447494059 Category : Law Languages : en Pages : 194
Book Description
Published accounts of the valuation of oil properties have been concerned chiefly with the important element of the oil and gas contents of lands. Less attention has been given to those other influences which affect the value of the oil and gas, to the various valuation methods appropriate to different circumstances, and to the forms in which oil properties occur. The aim here is to help close that gap, especially for the younger engineers, with a review of the meaning and scope of valuation in the oil business, the factors which enter a valuation, and the methods of applying these. Questions which arise in valuation practice and the avenues of solution are discussed rather than efforts, in these days of rapid changes, to provide specific answers and detailed lists of equipment costs.
Author: James Lee Smith Publisher: ISBN: Category : Languages : en Pages : 20
Book Description
This paper provides an overview of the principal economic methods employed to assess the value of petroleum properties. The difference between wellhead and in situ resource values is examined, as well as drawbacks inherent in the concept of "oil and gas equivalents." To be successful, any valuation method must correctly account for uncertainty - geologic as well as economic - and the value of flexible management in pursuit of optimal development and use of the resource. Although the traditional discounted cash flow (DCF) technique is workable and reasonably accurate in many applications, it presumes the analyst can clearly distinguish between systematic and non-systematic sources of risk. The real options approach may be better suited for applications where compound risks and managerial flexiibility are likely to have a significant impact on operations and economic performance. Options-based approaches have been employed within the industry for many years to account for the impact of price volatility and cost fluctuations. Assessing the value of a collection (portfolio) of geologically interdependent petroleum prospects requires a different form of real-options analysis since management holds the option to exploit information spillovers by exploiting prospects sequentially. Dependence among prospects gives value to this option and (perhaps contrary to popular belief) raises the value of the whole above the sum of its parts.
Author: William C. Lyons Publisher: Elsevier ISBN: 0080481086 Category : Technology & Engineering Languages : en Pages : 1564
Book Description
This new edition of the Standard Handbook of Petroleum and Natural Gas Engineering provides you with the best, state-of-the-art coverage for every aspect of petroleum and natural gas engineering. With thousands of illustrations and 1,600 information-packed pages, this text is a handy and valuable reference. Written by over a dozen leading industry experts and academics, the Standard Handbook of Petroleum and Natural Gas Engineering provides the best, most comprehensive source of petroleum engineering information available. Now in an easy-to-use single volume format, this classic is one of the true "must haves" in any petroleum or natural gas engineer's library. A classic for the oil and gas industry for over 65 years! A comprehensive source for the newest developments, advances, and procedures in the petrochemical industry, covering everything from drilling and production to the economics of the oil patch Everything you need - all the facts, data, equipment, performance, and principles of petroleum engineering, information not found anywhere else A desktop reference for all kinds of calculations, tables, and equations that engineers need on the rig or in the office A time and money saver on procedural and equipment alternatives, application techniques, and new approaches to problems
Author: Peter Wyatt Publisher: John Wiley & Sons ISBN: 1118624688 Category : Business & Economics Languages : en Pages : 455
Book Description
This new edition of the ‘all in one' textbook for the postgraduate study of valuation on real estate courses retains its focus on the valuation and appraisal of commercial and industrial property across investment, development and occupier markets. It is structured from the client perspective and covers single-asset pricing, risk and return issues. The structure of the book has been substantially revised. Part A introduces the key microeconomic principles, focussing on land as a resource, production functions, supply and demand and price determination. The locational aspect of real estate is also introduced. Macroeconomic considerations are categorised by the main market sectors (and their function); the market for land (development), for space (occupation) and for money (investment). The economic context is set and the author then explains why property valuations are required and discusses the main determinants of value and how they might be identified. The mathematics required to financially quantify value determinants are also introduced. Part B of the book describes the methods of valuation; Part C applies these methods to the valuation of a range of property types for a wide variety of purposes; and Part D covers investment and development appraisal. The author introduces valuation activities from a broad economic perspective, setting valuation in its business finance context and combining its academic and practical roots. Changes in this second edition include: less daunting economics expanded companion website with PowerPoint slides for lecturers, self-test Questions & Answers for students: see www.wiley.com/go/wyattpropertyvaluation up-to-date case studies and sample valuations reference to the newly-published Red Book (the valuer’s bible) Property Valuation with its user-friendly format, using tried-and-tested teaching and learning devices and a clear writing style, remains the core text for students on real estate, estate management and land economy degree courses, as well as for fast-track conversion courses for non-cognate graduates.
Author: Society of Petroleum Evaluation Engineers
Author: Society of Petroleum Evaluation Engineers
Author: Naveen Mohan
Author: 
Author: John D. Wright
Author: Richard V. Hughes
Author: Paul Paine
Author: James Lee Smith
Author: William C. Lyons
Author: International Oil and Gas Educational Center (Southwestern Legal Foundation)
Author: Peter Wyatt