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Missouri University of Science and Technology
<p>Petroleum industry and trade -- Economic aspects<br />Oil fields -- Valuation -- Mathematical models<br />Oil fields -- Production methods -- Economic aspects</p>
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Full-Text Articles in Mining Engineering
A Simplified Mathematical Method For Petroleum Property Evaluation, Charles G. Edwards
A Simplified Mathematical Method For Petroleum Property Evaluation, Charles G. Edwards
Masters Theses
"The economic evaluation of a petroleum reservoir involves two fundamental operations; 1) predicting future production behaviour, 2) determining the present worth or this future production. This thesis purposes to eliminate the necessity of repeated calculation which is required in performing the second operation under existing methods.
Because the first operation, that of predicting future behaviour, is necessarily an estimate, there is an apparent tendency to employ approximate methods in the determination of present worth. The evaluation method developed in this paper confines estimation to the first operation, where it rightly belongs, and treats all subsequent work with mathematical exactness.The estimation …