Oil+Gas Property Evaluation

1 OVERVIEW 2 TIME VALUE OF MONEY 3 INVESTMENT DECISION ANALYSIS 4 RESOURCES AND RESERVES 5 DECLINE CURVE ANALYSIS USING ARPS' EQUATIONS 6 INTRODUCTION TO ADVANCED DECLINE CURVE ANALYSIS 7 OIL AND GAS PRICES 8 MINERAL AND SURFACE OWNERSHIP 9 CAPEX AND OPEX 10 SEVERANCE AND AD VALOREM TAXES 11 U.S. FEDERAL INCOME TAXATION 12 PRODUCTION SHARING AGREEMENTS 13 RISK AND UNCERTAINTY 14 DECISION TREES 15 PROBABILITY DISTRIBUTIONS 16 MONTE CARLO SIMULATION 17 THE REPORT APPENDIX A EXAMPLE ECONOMIC OUTPUT APPENDIX B CONSTRUCTION OF SPECIALLY SCALED GRAPH PAPER APPENDIX C THE USE OF AVERAGE DERIVATIVE OF LOSS RATIO TO EXTRAPOLATE DECLINE CURVES APPENDIX D THE DERIVATIVE METHOD OF BOURDET, AYOUB, AND PIRARD APPENDIX E PREPARATION OF THE DATA FOR A Q-D-B CURVE APPENDIX F EXAMPLE REPORTS APPENDIX G DEPRECIATION METHODS APPENDIX H ACQUISITION DATA REQUIREMENTS