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Dive into the world of petroleum property economic evaluation. Gain insights into the purposes and applications of economic evaluations in oil and gas investments. Explore the interaction between production, sales, operating costs, taxes, third-party interests, and regulatory controls. Master the construction of income streams to measure economic benefits, with the ultimate goal of maximizing income and establishing economic value from oil and gas properties.
Drawing from over 50 years of industry experience, this indispensable resource explains:
Core Concepts: Understand effective dates, economic limits, production decline, discounted cash flow, and market value.
Practical Applications: Learn to estimate future production and income potential of properties.
Economic Benefits: Evaluate the financial advantages of both producing and non-producing properties.
This book highlights numerous topics often overlooked in other publications. It provides a detailed discussion and illustration of appropriate measures of value, as well as methods for estimating market value. The book also covers the historical context of oil and gas pricing, alongside techniques for estimating and projecting future prices. You'll find thorough explanations of how to determine, apply, and project property operating costs. Additionally, the book explores evaluations for regulatory purposes, such as abandonment, ad valorem tax, and eminent domain. It also discusses how to evaluate income potential and economic benefits for royalty owners and other non-operating interests. With comprehensive coverage of these subjects, the book serves as an invaluable resource for anyone seeking to deepen their understanding of petroleum property economic evaluation.
Features & Benefits
Learn the purposes and applications of economic evaluation in investing and operating oil/gas properties.
Understand how various elements of an economic evaluation interact, including production, sales, operations, operating costs, and the impact of taxes, third-party interests, and regulatory controls such as abandonment and environmental obligations.
Construct appropriate income streams to measure the economic benefits of petroleum properties.
Appreciate the ultimate goal of owning and operating oil/gas properties: achieving income and establishing economic value.
Audience
Petroleum economists and financial analysts
Reservoir and production engineers involved in asset valuation
Oil & gas investors and royalty owners
Regulatory and tax professionals in the energy sector
Students
