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Master the construction of income streams to measure economic benefits, with the ultimate goal of maximizing income and establishing economic value from oil and gas properties.\nDrawing from over 50 years of industry experience, this indispensable resource explains:\n\u003cul\u003e\n\u003cli\u003eCore Concepts: Understand effective dates, economic limits, production decline, discounted cash flow, and market value.\u003c\/li\u003e\n\u003cli\u003ePractical Applications: Learn to estimate future production and income potential of properties.\u003c\/li\u003e\n\u003cli\u003eEconomic Benefits: Evaluate the financial advantages of both producing and non-producing properties.\u003c\/li\u003e\n\u003c\/ul\u003e\nThis book highlights numerous topics often overlooked in other publications. It provides a detailed discussion and illustration of appropriate measures of value, as well as methods for estimating market value. 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Each of these products has a profound effect on the United States and international economies. It discusses several of the factors that influence energy price direction, the financial instruments used in the market, and how commercial entities utilize these instruments to hedge the risks inherent in energy production and consumption, such as price and physical risk. It also addresses the use of energy financial derivatives strictly for profit (speculative trading) and the exchanges that make efficient and competitive trading possible. The physical cash market is addressed along with the major industry publications that produce market prices, known as postings or indexes. Additionally, the book briefly discusses technical analysis, using charts to identify price trends and predict directional changes. 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As companies increasingly integrate their corporate risk, strategy and finance decisions, they are finding that corporate risk identification and assessment is only as good as the data in their system. \u003cbr\u003e\u003cbr\u003eFor executives and corporate risk managers alike, this book demonstrates how strategic planning, finance, and risk management can use the tools and techniques developed by industrial market researchers to gain adequate assurance, better corporate governance, and increased value for shareholders.\u003cbr\u003e\u003c\/p\u003e","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":47454288478362,"sku":"9781593701345","price":107.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/2597\/4682\/files\/9781593701345-energy-risk-competitive-advantage-information-imperative_a691a3fc-ee62-432b-80c9-d7f824702843.jpg?v=1771366617"},{"product_id":"fundamentals-oil-gas-accounting-6th-edition-print","title":"Fundamentals of Oil \u0026 Gas Accounting, 6th Edition","description":"Dr. Charlotte Wright updates her indispensable accounting book for the oil and gas industry in this revised and expanded sixth edition. 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While some chapters date back a number of years, the key chapters and concepts have been dramatically updated with detailed examples. \u003cbr\u003e\u003cbr\u003e","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":47454316265626,"sku":"9780878148875","price":119.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/2597\/4682\/files\/9780878148875-international-exploration-economics-risk-and-contracts-analysis_a025b4e2-9572-4cc5-99b7-241a42242431.jpg?v=1771366662"},{"product_id":"international-oil-company-financial-management-nontechnical-language-print","title":"International Oil Company Financial Management in Nontechnical Language","description":"\u003cp\u003eThis text addresses the decision-making element of petroleum company management. It is a practical guide to all facets of modern financial management and strategic planning specific to today's oil and gas companies. The authors guide readers through the maze of financial management in a concise, practical, and organized fashion, delivering the basic principles that are critical for all elements of corporate leadership.\u003c\/p\u003e","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":47454317346970,"sku":"9780878145973","price":83.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/2597\/4682\/files\/9780878145973-international-oil-company-financial-management-in-nontechnical-language_7d3fea67-75e9-46ef-95b1-faffac93842c.jpg?v=1771366663"},{"product_id":"international-petroleum-accounting-2nd-edition-print","title":"International Petroleum Accounting, 2nd edition","description":"\u003cem\u003eInternational Petroleum Accounting 2nd edition\u003c\/em\u003e is a comprehensive, cover-to-cover revision of the International Petroleum Accounting 1st edition. This book uniquely presents a comprehensive guide to both U.S. accounting standards and the International Accounting Standards Board (IFRS). The 2nd edition focuses on accounting standards and guidance issued by the IFRS, the U.S. Financial Accounting Standards Board, and the U.S. Securities Exchange Commission as they relate to accounting and reporting for global petroleum-related operations. The new edition also includes a detailed, point-by-point comparison of U.S. and IFRS standards spanning all significant accounting topics from initial exploration and evaluation of potential oil and gas prospects through production and final abandonment, also including the latest standards relating to revenue recognition, leases, and joint operations. The 2nd edition is updated to include detailed discussion and analyses of current issues related to global economic and political policies impacting the petroleum industry in addition to various petroleum fiscal policies, tax issues, various petroleum contracts, and joint operating agreements. This new edition also includes a new chapter on oil and gas reserves which encompasses a detailed discussion of the latest reserves reporting requirements issued by the U.S. Securities Exchange Commission along with the reserves reporting guidance from the Petroleum Reserve Management System (which is utilized by many companies accounting under IFRS).","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":47454318493850,"sku":"9781593701673","price":131.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/2597\/4682\/files\/9781593701673-international-petroleum-accounting-2nd-edition_f11305e6-47dd-418b-8e6b-d114c694b772.jpg?v=1771366664"},{"product_id":"international-petroleum-fiscal-systems-production-sharing-contracts-print","title":"International Petroleum Fiscal Systems and Production Sharing Contracts","description":"The practical examples and step-by-step calculations in the book, partnered with illustrations and diagrams, make the text easy to read and understand. Johnston does an excellent job clarifying international oilfield taxation and regulation in the same way he explained oilfield accounting in his other PennWell title, \u003cem\u003eOil Company Financial Analysis in Nontechnical Language\u003c\/em\u003e. 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Written in plain English, the text is directed at upper management at all electric utilities, natural gas firms, oil companies, and industrial end-users served by the energy complex. \u003cbr\u003e\u003cbr\u003e","brand":"PennWell Books","offers":[{"title":"Default Title","offer_id":47454328160410,"sku":"9780878147946","price":95.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/2597\/4682\/files\/9780878147946-managing-energy-risk-a-nontechnical-guide-to-markets-and-trading_f82ddf20-6b8f-47df-af11-3b8119e7b5b5.jpg?v=1771366682"},{"product_id":"oil-gas-reserves-nontechnical-language-print","title":"Oil \u0026 Gas Reserves in Nontechnical Language","description":"\u003cp\u003ePetroleum reserves are critical to the oil and gas industry, representing the recoverable amount of oil, gas, and natural gas liquids over time. 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