... wellbores. Accurate reserve determinations are important for forecasting revenue and when buying and selling reserves. The Eagle Ford shale supplies a rich data set with reservoir fluid phase continuity from oil to condensate to dry gas. Contours of reduced temperature (absolute reservoir temperature...

... in the area and analyzed to confirm if peak month rate can be a good predictor of gas reserves by determining its correlation with EUR. Also, the P10/P90 ratios were assessed for both EUR and PMR. P10/P90 ratios have been found useful in measuring uncertainty in performance and were used extensively...

... Abstract Proposal For many years, reserve determination has focused on engineering best practices. As various regulatory agencies increase their scrutiny of how oil and gas companies are determining their reserves and assigning value to those reserves, relying only on engineering best...

... probabilistic analyses are used to determine value, the same restraints are not necessary, but the same wariness of the extremes of the distributions should be applied. wpc definition upstream oil & gas reserves classification aggregation criteria reserves evaluation spe hydrocarbon economics...

... Abstract After purchasing a producing gas field from a major Canadian utility, Lagasco completed a 3-D seismic program over the pool to explain discrepancies associated with gas-in-place determinations. Utilizing the Coveny pool as a model, the results confirmed the economic benefits of 3-D...

..., available to direct the general business of liability determination in site assessment. These guidance manuals and auditing software provide an excellent regulatory checklist to organize a site assessment but are lacking in guidance on how best to focus a site assessment on oil and gas producing properties...

... of determining the future cost of new venture facilities. Parameters considered in providing estimates include, but are not limited to, recoverable reserves, peak production rates, location (onshore or offshore), terrain, water depth, distance to infrastructure, etc. Expert systems/actual costs also generate...

... ABSTRACT Since the presentation in 1984 of the author's paper on "Comparison of Methods for Determining Fair Market Values," (SPE Preprint 13769), the authors have had an opportunity to evaluate the risk analysis methods used both by industry as well as by their own firm in over thirty...

... and market factors from incomplete information in a rapidly changing market. By using a technical determination of the reserves as a target, he can forecast production rates that are consistent with anticipated market conditions. information production loan spe 13791 engineer gas property...

... investment criteria are reviewed along with the risk factors applied to cash flow predictions. The role of financial ratios and tests such as "income to investment ratios", "payout determinations", internal rates of return, pricing sensitivity analysis and other types of financial and economic analysis...

... capabilities. The paper then discusses four different methods of determining the Fair Market Value of a property, and specifically point out sensitivities of the various assumptions used in the valuation methods. These appraisal methods include the following: Value per BOE . Gross recoverable barrels...

.... This paper will discuss how a group of oil and gas banks determine loan value using an identical reserve base. Also examined is the difference in loan value a particular bank will arrive at in todays environment versus the loan value that would have been reached at the beginning of 1982. The variables used...

..., are often financed by commercial bank lending. Particularly when such financing is Particularly when such financing is done on a "project" basis on appraisal of the property to be developed is required for a lender to determine the future value and debt repayment ability of the property. Such appraisals...

...The Enigma of Oil and Gas Finding Costs By WARREN B. DAVIS, MEMBER AIME, GULF OIL CORP., PITTSBURGH, PA. ABSTRACT Two serious problems in determining unit finding costs of oil and gas are: (1) allocation of Joint costs and (2) determination of how much oil and gas has been found. When proved...

... 1962 Economic and Valution Symposium, Dallas, March 15–16, 1962 In recent years a great deal has been said concerning the application of present value principles to the determination of an estimated rate of return on a proposed investment. Various methods of computing this return have been...