... to developing a play with unconventional resources is used to illustrate the theory. We pose the decision to develop an unconventional play in terms of the cost of development, the ratio of the return-on-investment for productive wells in the play, and the uncertain frequency of productive versus unproductive...

... of these two dimensions indicates that discrepancies do exist. Hydrocarbon price forecasting and cost estimation tools provide a lower satisfaction relative to their utilization frequency, while some of the well-established tools appear to be struggling to gain acceptance despite being valued...

... of petroleum engineers project 2 banking & finance vertex united states government arithmetic frequency petroleum engineer system modeling spe 25838 information INTRODUCTION In today's gas and oil environment, increasing competition, regulatory uncertainty, and changing world economics...

... on transfer pump). Consequence Analysis -is the determination of the potential effects of an accident. Deviation in a HAZOP Study-departures from the design intention. Frequency -is the number of occurrences per unit of time. Gate in an FTA -Symbol that specifies which combinations of inputs...

... A key outcome when bidding is the product of the frequency of winning and the net value accruing to the winning bidder, the net expected value of bidding, F(W)E(V|W). Fig. 3 shows the net expected values for our competitor, ourselves, and the seller of the asset. We have a maximum net expected...

... frequency developable value recoverable reserve terrain mean developable value portfolio exploration economist low risk prospect explorationist risk prospect exploration program INTRODUCTION Petroleum engineers, other earth scientists, and a diversity of disciplines such as management...

... Abstract Six factors affecting profit on federal offshore oil and gas leases were calculated for individual bidders and leases, categorized by whether larger or smaller companies were involved. The six factors treated were (1) the bonuses paid per acre, (2) the frequency of getting any...