rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Computing risk for oil prospects
    sub title: principles and programs
  name:
    name part: Harbaugh, John Warvelle
    name part: 1926-2019
    role:
      role term: creator
  name:
    name part: Davis, John C.
  name:
    name part: Wendebourg, Johannes.
  name:
    name part: Knovel (Firm)
  type of resource: text
  genre: bibliography
  genre: Electronic books.
  origin info:
    place:
      place term: enk
    date issued: 1995
    edition: 1st ed.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: remote
    extent: 1 online resource (xii, 452 pages) : illustrations, maps.
  abstract: The petroleum industry is enduring difficult financial times because of the continuing depressed price of crude oil on the world market. This has caused major corporate restructuring and reductions in staff throughout the industry. Because oil exploration must now be done with fewer people under more difficult economic constraints, it is essential that the most effective and efficient procedures be used. Computing Risk for Oil Prospects describes how prospect risk assessment & mdash; predicting the distribution of financial gains or losses that may result from the drilling of an exploration well & mdash; can be done using objective procedures implemented on personal computers. The procedures include analyses of historical data, interpretation of geological and geophysical data, and financial calculations to yield a spectrum of the possible consequences of decisions. All aspects of petroleum risk assessment are covered, from evaluating regional resources, through delineating an individual prospect, to calculation of the financial consequences of alternative decisions and their possible results. The bottom lines are given both in terms of the probable volumes of oil that may be discovered and the expected monetary returns. Statistical procedures are linked with computer mapping and interpretation algorithms, which feed their results directly into routines for financial analysis. The programs in the included library of computer programs are tailored to fit seamlessly together, and are designed for ease and simplicity of operation. The authors contend that the explorationist who develops a prospect should be involved in every facet of its analysis, including risk and financial assessments. This book provides the tools necessary for these tasks.
  table of contents: 1. The Challenge of Risk Assessment -- 2. Field Size Distributions -- 3. Success, Sequence, and Gambler's Ruin -- 4. Estimating Discovery Size from Prospect Size -- 5. Outcome Probabilities and Success Ratios -- 6. Modeling Prospects -- 7. Mapping Properties and Uncertainties -- 8. Discriminating Discoveries and Dry Holes -- 9. Forecasting Cash Flow for a Prospect -- 10. The Worth of Money -- 11. RATs, Decision Tables, and Trees -- 12. Bringing It Together -- Appendix A -- Software Installation of Risk: Software to perform probabilistic assements and financial calculations in Computing Risk for Oil Prospects -- Appendix B -- Riskstat Manual: Linked Computer programs that perform statistical analyses in Risk -- Appendix C -- Riskmap Manual: Programs that perform the mapping function in Risk -- Appendix D -- Risktab Manual: Linked computer programs that perform financial calculations in Risk.
  note: John W. Harbaugh, John C. Davis, Johannes Wendebourg.
  note: Electronic resource.
  note: Includes bibliographical references (pages 353-382) and index.
  subject:
    topic: Petroleum
    topic: Prospecting
    topic: Data processing
  subject:
    topic: Risk assessment
    topic: Data processing
  subject:
    topic: TECHNOLOGY & ENGINEERING
    topic: Mining
  subject:
    topic: Petroleum
    topic: Prospecting
    topic: Data processing
  subject:
    topic: Risk assessment
    topic: Data processing
  subject:
    topic: Prospecting
    topic: Use of
    topic: Computers
  classification: TN271.P4 H277 1995eb
  classification: 622/.1828
  related item:
    title info:
      title: Computing risk for oil prospects
    name:
      name part: Harbaugh, John Warvelle, 1926-
    origin info:
      publisher: Oxford : Pergamon, ©1995
      edition: 1st ed.
    identifier: (DLC) 95043691
    identifier: (OCoLC)33244202
  related item:
    title info:
      title: Computer methods in the geosciences ; 14
  identifier: 008052950X
  identifier: 9780080529509
  identifier: 9780080418902
  identifier: 0080418902
  identifier: 1281071935
  identifier: 9781281071934
  identifier: 123875:119584 Elsevier Science & Technology
  identifier: http://proxy.library.tamu.edu/login
  record info:
    record content source: HNK
    record creation date: 080521
    record change date: 20260609152714.1
    record identifier: in00003833417
    language of cataloging:
      language term: eng