Provides an explanation of financial statements with a practical approach to the analysis of an oil company. Tables, figures, worksheets and examples for analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques and rules of thumb are included.
Offering a clear explanation of financial statements with a practical approach to the analysis of an oil company, this introduction contains tables, figures, and worksheets, and examples of analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques, rules of thumb, commentary, and a glossary are included.
Provides an overview of the entire petroleum production function; explains the origins of oil and gas and reservoir dynamics; deciphers the mysteries of production ownership and land rights; and identifies the types of production companies and staff positions, and how they interact. --From publisher description.
This updated second edition of Oil & Gas Production in Nontechnical Language is an excellent introduction for anyone from petroleum engineers and geologists new to their careers to financial, marketing, legal, and other professionals and their staffs interested in the industry. E&P service company personnel will find it particularly beneficial in understanding the roles played by their clients. Not only does it cover production fundamentals, but it backs up to give the necessary upstream background--geology, origins of oil and gas, and ownership and land rights--as well as surface operations and even production company strategy development.
Operating Expenses, Cash Flow, Finding and Development Costs, Return on Capital Employed are but a few of the hundreds of measurements and metrics used to analyze performance in the oil and gas industry. From individual wells to entire portfolios, performance analysis is used to make decisions throughout an organization. Unfortunately, performance analysis is generally conducted in the higher echelons of an oil and gas company, and thus its value in creating actionable information at the field level is generally lost. This book seeks to bridge this gap by introducing the basic concepts of oil and gas performance analysis. Features and Benefits A common sense methodology that will keep any performance analysis focused, on point and capable of providing useful and actionable information An introduction to the myriad of data sources used in performance analysis including lease operating statements (LOS reports), reserve reports and financial statements An introduction to the most relevant performance metrics used in oil and gas performance analysis including production and cost metrics, reserves, cash flow, and other financial metrics How to analyze, interpret, and evaluate the performance of individual fields, portfolios and overall company performance Audience Field level personnel Management Engineers Energy lending and finance professionals Anyone who seeks to understand how, or relies upon, performance analysis