What people are saying - Write a review
We haven't found any reviews in the usual places.
Some Basic Business Concepts
History of Exploration Expenditures
A Misunderstood Business
18 other sections not shown
AAPG acreage acres assessment average barrel budget Buyer calculated capital Chapter company's contract cumulative curve database deal decision decline discount rate discounted cash flow discovery distribution drilling dry hole economic engineering ethical example expected value expenditures explorationists exploratory factor field Figure funds gambler's ruin gas property geologist goals host country hydrocarbons income industry inventory investment land Landmen lessee lognormal lognormal distribution mean ment method million mineral estate minimum MMBO Monte Carlo simulation multinational oil company offshore oil and gas oil or gas payout percentage petroleum exploration play plot potential present value present worth probability of success production profit prospect rate of return ratio recovery reserve estimates reservoir revenue Richard Steinmetz risk aversion royalty interest seismic Seller Table Texas tion triangular distributions uncertainty variables variance ventures windfall profit tax