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

... cash flow capital IRR Scenario Upstream Oil & Gas strategic approach metric economic indicator strategic goal Case Study Details For the purposes of our case study, a reservoir characterization has been developed that represents a black shale within a productive oil window...

... portfolio management models to rapidly explore strategic scenarios in an effort to answer strategic issues. The examples illustrate how portfolio functions including optimization, uncertainty analysis and integrated financials have allowed some companies to efficiently plan in these volatile times...

... profile forecast Scenario spreadsheet Background Alianza Casabe (Casabe) found that ensuring data integrity between the planning, finance and economic models being used by different stakeholders for investment decisions required a substantial amount of interaction and data reconciliation...

... may be tested and quantified across multiple scenarios or alternative strategies using stochastic portfolio analysis Significant value creation may be possible by improving the alignment of available opportunities and company objectives, whether through adjusting objectives, discontinuing certain...

... & Gas Simulation Reservoir Description Proc fracture length completion workflow proppant fracture half-length conductivity Scenario drillstem testing completion option production history case study drillstem/well testing completion cost profitability fracture model forecast...

...’ and ‘no carry’ scenarios were constructed, and evaluated using seven economic indicators. We observed that the existence of ‘carry’ does not affect overall project viability, but, in most cases, it reduces contractor value. Furthermore, we found that ‘carry’ skews project risk towards the contractor...

... are simply to select the best projects from a portfolio of opportunities to maximize the return on investment, while being able to effectively communicate the details of how the different scenarios were created to provide confidence in the decision to invest. This paper describes a case study in which one...

... reservoir simulation well performance estimate production activity probability asset and portfolio management coal bed methane coal seam gas modeling eur well coalbed methane assessment unconventional resource economics pilot well decision support charles stabell scenario weight risk...

... checked, namely, the Four-Factor Scenario, the Tweleve-Factor Scenario, the Fourteen-Factor Scenario and the Ninteen-Factor Scenario. Four major factors have ben deduced based on the six major factors considered by the World Energy Model (WEM) 21 . These factors are lumped in the following major...

... and management upstream oil & gas development well prospect development plan earth model artificial intelligence information recovery reliability reference case voi analysis voi assessment perfect information probability appraisal well shadow zone scenario Introduction Familiarity...

... minus the extraction costs will increase at the rate of interest (under the assumption that competitive conditions hold). His work was later applied to many a forecasting scenario and subjected to criticism due to its inability to predict future prices and production (see the arguments in Gately, 1984...

... bed methane complex reservoir lorraine model structural uncertainty folschviller 2 simulation model recovery factor calais gas content coal seam gas nord pas lorraine basin evaluation scenario mining operation permeability Introduction In both Lorraine and Nord Pas de Calais...

... reserve estimate valuation reserve classification petroleum contingent resource society of petroleum engineers defence document upstream oil & gas expenditure quantity scenario reserves evaluation spe 130160 Introduction A petroleum asset valuation is normally carried out before any...

... constitutes equitable sharing is best judged from the relationship between the Government Take and the investor’s Rate of Return. A practical way to achieve a win-win a fiscal system is through economic modeling. Economic models constructed to represent various scenarios, each representing certain reserves...

... government category probabilistic method reserves classification criteria guidance Artificial Intelligence reserves evaluation classification system requirement petroleum Scenario terminology reservoir recoverable quantity guideline resource classification contingent resource development...

... Scenario probability appraisal well reliability acquisition value-of-information application profitability VOI analysis society of petroleum engineers Introduction VOI analysis is one of the most powerful and yet underutilized tools for evaluating the potential profitability of an asset...

... Abstract This paper describes scenario generators and portfolio models for oil and gas exploration and production (E&P) planning. The problem is how to allocate funds to a set of oil recovery projects to achieve a desired tradeoff between risk and return. A mix of development...

... and (4) analyzing the results. A production scenario involve decision making with respect to reservoir exploitation schema, well planning, well architecture, reservoir interface, lift equipment and surface facilities The goal of a single, evolving, life-cycle model for oil and gas assets has many...

... with no sliding scales in any of their tax or production sharing contract terms will almost always enhance the value of the portfolio. scenario income tax project economics npv asset and portfolio management portfolio optimization upstream oil & gas spe 94631 variation npv proper ring fence...