Reserve Overbooking - The Problem No One Wants to Talk about

SPE Hydrocarbon Economics and Evaluation Symposium

Volumn , Issue , 2001, Pages 45-51

  McLane, M A ^a   Rose, P R ^a  

^a Rose and Associates   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPETITION; COMPUTER SIMULATION; DECISION MAKING; EDUCATION; EXPLORATORY OIL WELL DRILLING; INVESTMENT CASTING; PERSONNEL TRAINING; PROBABILITY; PROBLEM SOLVING; PROFESSIONAL ASPECTS; RANDOM PROCESSES; STRATEGIC PLANNING;

DEVELOPMENT DRILLING; RESERVE OVERBOOKING; SHAREHOLDERS;

PETROLEUM RESERVOIRS;

EID: 1142279454     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.2118/68580-ms     Document Type: Conference Paper

References (11)

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3. Schuyler, J.R.: "Probabilistic Reserves Lead to More Accurate Assessments," SPE 49032, Prepared for presentation at the 1998 SPE Annual Technical Conference and Exhibition; New Orleans, Louisiana, 27-30 September 1998.
4. Capen, E.C.: "The Difficulty of Assessing Uncertainty," JPT (August 1976) 843.
5. Rose, P.R.: "Dealing with Risk and Uncertainty in Exploration: How Can We Improve?," AAPG Bulletin, Vol. 71, No. 1 (January 1987) 1.
6. Tversky, A., and Kahnemann: "Judgment Under Uncertainty: Heuristics and Biases," Science, Vol. 185 (1974) 1124.
7. Ross, J.G.: "Booking Reserves," JPT (November 1998) 71.
8. "SPE/WPC Reserves Definitions Approved," JPT (May 1997) 527.
9. Jung, H.: "Reserves Definitions - Clarifying the Uncertainties," Journal of Canadian Petroleum Technology, vol. 36, No. 4 (April 1997) 26.
10. Code of Federal Regulations 17 for Commodity and Securities Exchanges: "A codification of documents of general applicability and future effect as of April 1, 1999," 17 CFR Chapter II (210.4-10), Office of the Federal Register.
11. Marko, W.A.: "2000 Global Competitive Assessment," JPT (November 2000) 74.