## An Introduction to Risk Analysis |

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#### LibraryThing Review

User Review - billsearth - LibraryThingThis book became the most referred to study of risk management and uncertainty in economic modeling for the petroleum industry. There are now other books on the topic but this one remains recognized ... Read full review

### Contents

More about distributions | 11 |

Defining characteristics of a distribution | 20 |

The shape of distributions | 47 |

Copyright | |

19 other sections not shown

### Common terms and phrases

acres answer average base basin assessment bidder binomial expansion binomial probability bonus calculated Capen chance of adequacy chance of finding chance of success Chapter class interval column competitive bidding concepts cumulative frequency distribution curve drilling dry risk equation evaluation example expected expected value explorationist factors Gambler's Ruin geologic controls Gulf of Mexico high-side hydrocarbons illustrate increases input involved larger leases lognormal distribution low-side maximum value mean median method million bbl minimum Monte Carlo simulation most-likely value multiple normal distribution occur oil and gas overbid parameters Pascal's triangle percentage percentiles plotted possible outcomes potential productive prospect risking prospect sizes range ratio relationship represents reserve reservoirs result reviewed risk analysis sealed bid second bid shown shows skewed standard deviation subjective probability success rate Swanson's rule Table three sizes tion tract triangle triangular distribution uncertainty variables winning bid