... process was described by MacKay (1995) at a previous HEES Symposium (SPE 30043). The objective of this paper is to compare the procedure described by MacKay (1995) to a similar procedure using the modified Kelly method. The Kelly Criterion is currently used for financial investment decisions ( Lee...

... players in the M&A buyer population, due either to their large sovereign cash reserves, or the vast sums raised for investment funds. Whilst this new capital has been welcomed by the industry, as it helps to support drilling and development activity levels (that otherwise would have been in further...

.... The examples illustrate solving strategic issues such as rapidly exploring strategic investment scenarios, assessing investment options at multiple commodity price points, balancing financial and operational metrics, balancing near and long term performance and rapidly developing capital allocation strategies...

... Abstract Valuing an asset is not simply taking total potential revenue and deducting from it the estimated cost to produce that revenue. Likewise, an asset with the highest net present value (NPV) is not necessarily the best investment for a company to make. More important than its potential...

... resource economics onshore rig count shale producer competition crude production complex reservoir investment lto production Drilling activity Shale Production society of petroleum engineers Introduction North American shale oil producers find themselves in the spotlight. Before 2015...

... production by attracting experienced companies capable of facing current technical challenges and increasing upstream investment. Furthermore, areas of opportunity in the new regulations were identified to make the project conditions more attractive for companies and government. This study is built upon...

... complex reservoir IEA gas Deposit unconventional source gas project Upstream Oil & Gas Taxation shale gas fiscal system Energy Information Administration investor Stevens deposit investment government shale gas deposit economics incentive shale gas development...

... Exploring for and exploiting oil and gas resources is a high-risk, capital intensive business, often requiring significant upfront investment and long periods before payback can be achieved. The combination of these dynamics requires industry players to collaborate on projects, in order to share...

...-evaluations. While the implementation is ongoing, initial results are promising. High profile investments have been framed and several more investment decisions have been earmarked for framing and analysis using these new processes and tools. The types of decisions being impacted most by these changes...

..., there is a number of geocientists and reservoir engineers skilled in performing probabilistic oil and gas production forecasts. Methodologies for assessing the economic variables, such as price, investment and operational cost are also recurring themes in the industry. Price and investment forecast, as well...

... Abstract Oil and gas companies typically use discounted cash flow analysis in determination of the value of their oil and gas investments. "PV-10" is often accepted as the present worth of an oil and gas investment, but does a 10% discount rate represent the true cost of capital and include...

... asset and portfolio management investment Upstream Oil & Gas project valuation regime basin UK government government incentivize investment Field Allowance small field allowance fiscal incentive allowance Norway Project economics development cost exploration society...

.... The standard project parameters, investments yardsticks and the government and contractor takes were calculated with the aim to obtain the Uruguayan rent and the relative impact of the local content. This work constitutes the first approach to the analysis of expenditures and investment during the current...

... Debt ratio limits, capital investment limits, and earnings growth targets. Simple financial summary statement : A high level financial summary, including income, balance, and cash flow statements linked to the portfolio results can be used to assess changes to portfolio selections on financial...

... activities have been ranked. The main conclusion is that investments in additional exploration activities and production facilities can be expected to increase the profitability of the Chinarevskoye field, even under the latest Kazakhstan fiscal terms. In addition the optimum exploration well-drilling...

... and related financial information are also discussed in contrast with internal reporting needs for technical and business planning purposes. upstream oil & gas government contract extension reserves evaluation category cost recovery entitlement asset and portfolio management investment...

... investment decision must be consistently evaluated for its ability to contribute to the corporate strategy while maximizing the usage of available resources. The aim of this study is to show how an integrated portfolio management solution can provide benefits when used at every stage in the asset development...

... undertaken the most ambitious privatization efforts. Mexico expects its gas demand to more than double, with about half the gas used in power generation. The expected expansion of the North American gas market will require considerable investment in new pipeline capacity from more distant resources...

... subsurface specific. Immaturity of regulatory framework, lack of egress capacity, and untested public reaction to large development activity are factors that can impact the eventual profitability of an unconventional investment. This paper was selected for presentation by an SPE program committee...

... price security market energy economics volatility price assumption investment option assumption market analysis supply and demand forecasting standard deviation upstream oil & gas investment supply and demand pricing price movement stability crude oil price Defining Risk "Risk...