... the unknown, there are key uncertainties related to original or remaining volumes in place (OVIP and RVIP) and economic parameters (project revenue, development costs, after tax cash flow) in the exploration phase. As the level of understanding in the reservoir increases, these key uncertainties typically...

... resource economics frac stage correlation prospect cash flow History investigation Energy Economics Upstream Oil & Gas uncorrelated case uncertainty correlation cost uncertainty drilling program reduction type curve forecast unconventional play society of petroleum engineers Well...

.... planning & scheduling Commodity Price cash flow portfolio optimization investment approximation oil price Scenario portfolio model strategic issue Artificial Intelligence Portfolio analysis constraint debt covenant downside exposure society of petroleum engineers integration...

..., a simple NPV calculation of one particular asset may not factor in a company's overall cash flow, any present long-term investments or existing rig contracts. Similarly, a company must take into account market risk, current interdependencies of the complex network of getting product to market, and future...

... cash flow input variable variation NPV offshore field PECE module oil price machine learning Project economics investment production forecast noise forecast probabilistic approach contribution Standard Deviation Introduction Hence, a method is required to convert the future...

... ELT to assume abandonment dates which result in Net Present Values (" NPVs ") of discounted future cash flows which are lower than an Investor could achieve by using a different abandonment date. In such cases, the PRMS approach is tantamount to Investor value destruction. This paper presents...

... shale gas portfolio gas supply complex reservoir cash flow efficiency natural gas price gas price gas producer producer spe 162900 full cycle cost basis differential canada revenue economic performance mcf Introduction This paper examines corporate economic or financial...

.... asset and portfolio management economic summary cash flow hydrocarbon upstream oil & gas assumption production control revenue rhum field economic dependency expenditure hub infrastructure reservoir surveillance infrastructure asset economic limit date north sea tariff tariff...

... binomial tree project economics cash flow stochastic process spe 94577 binomial model option value project valuation convergence asset and portfolio management oil price forecast society of petroleum engineers Introduction Discounted cash flow methods (DCF) have traditionally been...

... to estimate the volatility of oil production projects employing a numerical technique based on project cash flows and the simulation of the evolution of oil prices using the Monte Carlo technique. Three stochastic processes to track oil price dynamics were used: Geometric Brownian Motion, Mean Reversion...

... the project and its contribution to the corporation strategic goals? ▫ What is the current project value due to its expected cash flow over the entire operational life? ▫ What is the project financial risk? Is that risk high or tolerable for the corporation? ▫ What is the optimal decision-rule...

... consolidated economics portfolio recovery viability 100 cash flow optimization problem upstream oil & gas fiscal regime lp optimum viability 100 ring fence contractor economics portfolio selection artificial intelligence case study asset and portfolio management deduction...

... of petroleum engineers project economics government project valuation investment profitability upstream oil & gas environmental law cash flow shareholder project lifetime host community society financial condition project profitability ranking criteria petroleum engineer ga operation...

.... The basis of risk evaluation is the net present value calculated with a cash flow model showing the breakdown in discounted differences of all future costs and revenues throughout on entire project. The simulation model will be programmed to handle the main incoming data, which define the market...

... asset and portfolio management upstream oil & gas performance metric graph augmented portfolio performance goal business segment cash flow probability spe 68576 investment constraint petroleum engineer society performance metric decision-maker introduction likelihood note corporate...

.... property evaluation spe 68595 reserves evaluation investment upstream oil & gas us government investor calculation spinner cash flow banking & finance project economics real return capital asset and portfolio management inflation probability formula opportunity rate reserves...

... Street's preferred valuation metric of the day. Return on capital employed (ROCE), cash flow per share, reserve replacement and finding and development costs per BOE are used to judge the industry's performance over time; but the most significant determinant of both absolute and relative shareholder...

... This paper was prepared for presentation at the 1999 SPE Hydrocarbon Economics and Evaluation Symposium held in Dallas, Texas, 20-23 March 1999. size effect miller capm evaluation empirical data project economics cash flow new york discount rate project valuation income stream...

... regimes found around the world, namely licenses with royalties and taxes, association agreements and production sharing contracts. Discounted cash flow models are shown readily applicable to proved reserves. A review of a recent market transaction is presented to demonstrate these effects. Political risk...

... of a project, as a portion of the cash flows that remain after all project capital investment and operating costs have been paid. Examples of payments to Governments are: income taxes, royalties, profit petroleum share, bonus payments, value-added taxes, excise taxes, excess profits taxes, remittance taxes...