Uncertainty in the Oil and Gas Exploratory Process (Classic Reprint)
Language: English
Published by Forgotten Books, 2024
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
US$ 19.04
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book presents a fresh approach to understanding the uncertainties involved in oil and gas exploration, particularly around depletion of resources, risk, and fluctuating economic incentives. The author draws on a range of perspectives to develop a unified framework that can better predict and analyze the behavior of explorers in the petroleum industry, from their initial decisions to drill to the characteristics of the prospects they choose. Through this framework, the book highlights the importance of risk tolerance and varying economic conditions on the exploration process, ultimately shedding light on the complex relationship between energy resources, risk management, and economic decision-making. By focusing on these variables, the author challenges previous assumptions that have often led to overly simplistic and biased estimations in the field, offering a more nuanced and accurate account of the critical role of uncertainty in the oil and gas industry. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781334539060_0
- Title
- Uncertainty in the Oil and Gas Exploratory Process (Classic Reprint)
- Author
- Krishna Challa, Marti G. Subrahmanyam
- Publisher
- Forgotten Books
- Publication year
- 2024
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1334539065
- ISBN 13
- 9781334539060
- Seller catalogs
- Statistics
How economic incentives shape oil and gas exploration—and how to measure it.
A clear, rigorous framework shows how uncertainty, depletion, and price signals influence where and how explorers drill, and how those decisions affect discoveries and reserves.
This work presents a unified theory of the exploratory process in the petroleum industry. It compares different econometric approaches and explains why separating success ratios from discovery sizes improves estimates. Readers will see how expectations, risk, and inventory dynamics drive decision making and policy implications for natural gas and oil supplies.- How explorers forecast returns and risk across oil, gas, and hydrocarbons categories
- Why the timing and type of drilling matter for success rates and discovery sizes
- How depletion, prices, and regulatory context influence model structure and data interpretation
- How to estimate relationships that reflect real-world choices and reduce econometric bias
"Synopsis" may belong to another edition of this title.
Forgotten Books
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AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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