Economic Modeling for Upstream Petroleum Projects

Download Economic Modeling for Upstream Petroleum Projects PDF Online Free

Author :
Publisher :
ISBN 13 : 9781412056618
Total Pages : 0 pages
Book Rating : 4.0/5 (566 download)

DOWNLOAD NOW!


Book Synopsis Economic Modeling for Upstream Petroleum Projects by : Amr Rezk

Download or read book Economic Modeling for Upstream Petroleum Projects written by Amr Rezk and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to prioritize exploration activities, oil and gas companies need to follow a framework. This important procedural envelope is critical to the success of any oil and gas venture. Decision makers need to consider a multitude of variables before they decide whether or not to pursue any petroleum project. Before a decision to drill a well can be made, some important questions need to be answered; some of these questions revolve around the need for assurance that a well will bring wealth to the organization or parties that drill it. A decision maker therefore has to start by asking whether a venture is worth pursuing from an economic perspective. The answer to this question forms the heart of petroleum investment; and supporting this process by building petroleum economic models is what this book is all about. This book offers a basic understanding of the methods required to build economic models for valuing upstream petroleum projects. The book offers an overview of the fundamentals of some of the major petroleum contracts, simple commercial concepts and how to use them for creating valuation models.

Upstream Petroleum Fiscal and Valuation Modeling in Excel

Download Upstream Petroleum Fiscal and Valuation Modeling in Excel PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118537696
Total Pages : 389 pages
Book Rating : 4.1/5 (185 download)

DOWNLOAD NOW!


Book Synopsis Upstream Petroleum Fiscal and Valuation Modeling in Excel by : Ken Kasriel

Download or read book Upstream Petroleum Fiscal and Valuation Modeling in Excel written by Ken Kasriel and published by John Wiley & Sons. This book was released on 2013-06-06 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please contact the authors at [email protected] for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. "This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover." —Michael Lynch-Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format.

Economic Analysis of Oil and Gas Engineering Operations

Download Economic Analysis of Oil and Gas Engineering Operations PDF Online Free

Author :
Publisher : CRC Press
ISBN 13 : 1000346404
Total Pages : 385 pages
Book Rating : 4.0/5 (3 download)

DOWNLOAD NOW!


Book Synopsis Economic Analysis of Oil and Gas Engineering Operations by : Hussein K. Abdel-Aal

Download or read book Economic Analysis of Oil and Gas Engineering Operations written by Hussein K. Abdel-Aal and published by CRC Press. This book was released on 2021-02-25 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Engineers seek solutions to problems, and the economic viability of each potential solution is normally considered along with the technical merits. This is typically true for the petroleum sector, which includes the global processes of exploration, production, refining, and transportation. Decisions on an investment in any oil or gas field development are made on the basis of its value, which is judged by a combination of a number of economic indicators. Economic Analysis of Oil and Gas Engineering Operations focuses on economic treatment of petroleum engineering operations and serves as a helpful resource for making practical and profitable decisions in oil and gas field development. Reflects major changes over the past decade or so in the oil and gas industry Provides thorough coverage of the use of economic analysis techniques in decision-making in petroleum-related projects Features real-world cases and applications of economic analysis of various engineering problems encountered in petroleum operations Includes principles applicable to other engineering disciplines This work will be of value to practicing engineers and industry professionals, managers, and executives working in the petroleum industry who have the responsibility of planning and decision-making, as well as advanced students in petroleum and chemical engineering studying engineering economics, petroleum economics and policy, project evaluation, and plant design.

Engineering Economy in Upstream Oil & Gas Field Development

Download Engineering Economy in Upstream Oil & Gas Field Development PDF Online Free

Author :
Publisher : EDP Sciences
ISBN 13 : 2759825019
Total Pages : 286 pages
Book Rating : 4.7/5 (598 download)

DOWNLOAD NOW!


Book Synopsis Engineering Economy in Upstream Oil & Gas Field Development by : Menglan Duan

Download or read book Engineering Economy in Upstream Oil & Gas Field Development written by Menglan Duan and published by EDP Sciences. This book was released on 2020-12-10 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business of upstream oil and gas industry is a complex process that involves multidisciplinary participation. Producing crude oil and natural gas from the subsurface reservoir rocks to the point of the selling terminal requires stage by stage processes that costs several hundreds of millions of dollars to the operating companies. Because of the capital intensive nature of upstream investments, every required process is challenged of its economic impact or benefits it will have on the project’s net present value (NPV). The techniques applied in determining the economics of these processes and their selection criteria are addressed in the book. This book guides the reader through these strategic processes, and presents the participants involved in the business of upstream oil and gas prospecting and the conditions that dictate the field development and investment decisions by investors. It also reveals the shared interests and relationships that exist between international oil companies (IOCs) and national oil companies (NOCs) in the exploration and exploitation of their hydrocarbon resources and reserves. This text will serve the purpose of teaching and learning to those in the energy and financial sectors, as the methods, tools, and techniques discussed throughout the chapters will equip students, tutors, experts, and professionals with the necessary skills and knowledge of Exploration and Production (E&P) projects and energy financing and investment. The principles of project management as it applies in upstream oil/gas projects are discussed as well. And the criteria for project ranking, selection, and budgeting which are sine qua non to project financing and execution are well documented in this book.

Economic Decision Analysis

Download Economic Decision Analysis PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030961370
Total Pages : 113 pages
Book Rating : 4.0/5 (39 download)

DOWNLOAD NOW!


Book Synopsis Economic Decision Analysis by : Babak Jafarizadeh

Download or read book Economic Decision Analysis written by Babak Jafarizadeh and published by Springer Nature. This book was released on 2022-03-09 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book ​discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts, engineers, and managers. In addition, advanced undergraduate and graduate students in petroleum engineering, applied petroleum geoscience, industrial engineering, and energy business would benefit from the discussions in this book.

Petroleum Economics and Risk Analysis

Download Petroleum Economics and Risk Analysis PDF Online Free

Author :
Publisher : Elsevier
ISBN 13 : 0128232064
Total Pages : 368 pages
Book Rating : 4.1/5 (282 download)

DOWNLOAD NOW!


Book Synopsis Petroleum Economics and Risk Analysis by : Mark Cook

Download or read book Petroleum Economics and Risk Analysis written by Mark Cook and published by Elsevier. This book was released on 2021-01-29 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. Includes case studies and full color illustrations for practical application Arranged to reflect lifecycle structure, from exploration through to decommissioning Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry

Hydrocarbon Exploration and Production

Download Hydrocarbon Exploration and Production PDF Online Free

Author :
Publisher : Elsevier
ISBN 13 : 9780080551456
Total Pages : 396 pages
Book Rating : 4.5/5 (514 download)

DOWNLOAD NOW!


Book Synopsis Hydrocarbon Exploration and Production by : Frank Jahn

Download or read book Hydrocarbon Exploration and Production written by Frank Jahn and published by Elsevier. This book was released on 1998-03-13 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on hydrocarbon exploration and production is the first volume in the series Developments in Petroleum Science. The chapters are: The Field Life Cycle, Exploration, Drilling Engineering, Safety and The Environment, Reservoir Description, Volumetric Estimation, Field Appraisal, Reservoir Dynamic Behaviour, Well Dynamic Behaviour, Surface Facilities, Production Operations and Maintenance, Project and Contract Management, Petroleum Economics, Managing the Producing Field, and Decommissioning.

Petroleum Engineering Handbook

Download Petroleum Engineering Handbook PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 930 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Petroleum Engineering Handbook by : Larry W. Lake

Download or read book Petroleum Engineering Handbook written by Larry W. Lake and published by . This book was released on 2006 with total page 930 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Petroleum Engineering Handbook has long been recognized as a valuable comprehensive reference book that offers practical day-to-day applications for students and experienced engineering professionals alike. Available now in 7 Volumes, Volume 1 covers General Engineering topics including chapters on mathematics, fluid properties (fluid sampling techniques; properties and correlations of oil, gas, condensate, and water; hydrocarbon phase behavior and phase diagrams for hydrocarbon systems; the phase behavior of water/hydrocarbon systems; and the properties of waxes, asphaltenes, and crude oil emulsions), rock properties (bulk rock properties, permeability, relative permeability, and capillary pressure), the economic and regulatory environment, and the role of fossil energy in the 21st century energy mix.

Petroleum Economics and Engineering

Download Petroleum Economics and Engineering PDF Online Free

Author :
Publisher : CRC Press
ISBN 13 : 1482241692
Total Pages : 468 pages
Book Rating : 4.4/5 (822 download)

DOWNLOAD NOW!


Book Synopsis Petroleum Economics and Engineering by : Hussein K. Abdel-Aal

Download or read book Petroleum Economics and Engineering written by Hussein K. Abdel-Aal and published by CRC Press. This book was released on 2013-12-14 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explains how to apply economic analysis to the evaluation of engineering challenges in the petroleum industry. Discussion progresses from an introduction to the industry, through principles and techniques of engineering economics, to the application of economic methods. Packed with real-world examples and case studies demonstrating how to

Project Finance for the International Petroleum Industry

Download Project Finance for the International Petroleum Industry PDF Online Free

Author :
Publisher : Academic Press
ISBN 13 : 0128005297
Total Pages : 416 pages
Book Rating : 4.1/5 (28 download)

DOWNLOAD NOW!


Book Synopsis Project Finance for the International Petroleum Industry by : Robert Clews

Download or read book Project Finance for the International Petroleum Industry written by Robert Clews and published by Academic Press. This book was released on 2016-04-07 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: This overview of project finance for the oil and gas industry covers financial markets, sources and providers of finance, financial structures, and capital raising processes. About US$300 billion of project finance debt is raised annually across several capital intensive sectors—including oil and gas, energy, infrastructure, and mining—and the oil and gas industry represents around 30% of the global project finance market. With over 25 year’s project finance experience in international banking and industry, author Robert Clews explores project finance techniques and their effectiveness in the petroleum industry. He highlights the petroleum industry players, risks, economics, and commercial/legal arrangements. With petroleum industry projects representing amongst the largest industrial activities in the world, this book ties together concepts and tools through real examples and aims to ensure that project finance will continue to play a central role in bringing together investors and lenders to finance these ventures. Combines the theory and practice of raising long-term funding for capital intensive projects with insights about the appeal of project finance to the international oil and gas industry Includes case studies and examples covering projects in the Arctic, East Africa, Latin America, North America, and Australia Emphasizes the full downstream value chain of the industry instead of limiting itself to upstream and pipeline project financing Highlights petroleum industry players, risks, economics, and commercial and legal arrangements

Technical Guidance for Petroleum Exploration and Production Plans

Download Technical Guidance for Petroleum Exploration and Production Plans PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030452506
Total Pages : 101 pages
Book Rating : 4.0/5 (34 download)

DOWNLOAD NOW!


Book Synopsis Technical Guidance for Petroleum Exploration and Production Plans by : Tarek Al-Arbi Omar Ganat

Download or read book Technical Guidance for Petroleum Exploration and Production Plans written by Tarek Al-Arbi Omar Ganat and published by Springer Nature. This book was released on 2020-03-31 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents detailed explanations of how to formulate field development plans for oil and gas discovery. The data and case studies provided here, obtained from the authors’ field experience in the oil and gas industry around the globe, offer a real-world context for the theories and procedures discussed. The book covers all aspects of field development plan processes, from reserve estimations to economic analyses. It shows readers in both the oil and gas industry and in academia how to prepare field development plans in a straightforward way, and with substantially less uncertainty.

Employment Impacts of Upstream Oil and Gas Investment in the United States

Download Employment Impacts of Upstream Oil and Gas Investment in the United States PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1498376061
Total Pages : 36 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!


Book Synopsis Employment Impacts of Upstream Oil and Gas Investment in the United States by : Mark Agerton

Download or read book Employment Impacts of Upstream Oil and Gas Investment in the United States written by Mark Agerton and published by International Monetary Fund. This book was released on 2015-02-11 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level and dynamic panel methods at the state-level to understand how the increase in exploration and production activity has impacted employment. We find robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig-counts do in fact, have an economically meaningful and positive impact on employment. The strongest impact is contemporaneous, though months later in the year also experience statistically and economically meaningful growth. Once dynamic effects are accounted for, we estimate that an additional rig-count results in the creation of 37 jobs immediately and 224 jobs in the long run, though our robustness checks suggest that these multipliers could be bigger.

Optimization and Business Improvement Studies in Upstream Oil and Gas Industry

Download Optimization and Business Improvement Studies in Upstream Oil and Gas Industry PDF Online Free

Author :
Publisher : John Wiley & Sons
ISBN 13 : 1119100038
Total Pages : 336 pages
Book Rating : 4.1/5 (191 download)

DOWNLOAD NOW!


Book Synopsis Optimization and Business Improvement Studies in Upstream Oil and Gas Industry by : Sanjib Chowdhury

Download or read book Optimization and Business Improvement Studies in Upstream Oil and Gas Industry written by Sanjib Chowdhury and published by John Wiley & Sons. This book was released on 2016-08-15 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delves into the core and functional areas in the upstream oil and gas industry covering a wide range of operations and processes Oil and gas exploration and production (E&P) activities are costly, risky and technology-intensive. With the rise in global demand for oil and fast depletion of easy reserves, the search for oil is directed to more difficult areas – deepwater, arctic region, hostile terrains; and future production is expected to come from increasingly difficult reserves – deeper horizon, low quality crude. All these are making E&P activities even more challenging in terms of operations, technology, cost and risk. Therefore, it is necessary to use scarce resources judiciously and optimize strategies, cost and capital, and improve business performance in all spheres of E&P business. Optimization and Business Improvement Studies in Upstream Oil and Gas Industry contains eleven real-life optimization and business improvement studies that delve into the core E&P activities and functional areas covering a wide range of operations and processes. It uses various quantitative and qualitative techniques, such as Linear Programing, Queuing theory, Critical Path Analysis, Economic analysis, Best Practices Benchmark, Business Process Simplification etc. to optimize Productivity of drilling operations Controllable rig time loss Deepwater exploration strategy Rig move time and activity schedule Offshore supply vessel fleet size Supply chain management system Strategic workforce and human resource productivity Base oil price for a country Standardize consumption of materials Develop uniform safety standards for offshore installations Improve organizational efficiency through business process simplification The book will be of immense interest to practicing managers, professionals and employees at all levels/ disciplines in oil and gas industry. It will also be useful to academicians, scholars, educational institutes, energy research institutes, and consultants dealing with oil and gas. The work can be used as a practical guide to upstream professionals and students in petroleum engineering programs.

An Introduction to Exploration Economics

Download An Introduction to Exploration Economics PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 (35 download)

DOWNLOAD NOW!


Book Synopsis An Introduction to Exploration Economics by : R. E. Megill

Download or read book An Introduction to Exploration Economics written by R. E. Megill and published by . This book was released on 1971 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Analysis of Resource Industries

Download Fiscal Analysis of Resource Industries PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 149838630X
Total Pages : 52 pages
Book Rating : 4.4/5 (983 download)

DOWNLOAD NOW!


Book Synopsis Fiscal Analysis of Resource Industries by : Ms.Oana Luca

Download or read book Fiscal Analysis of Resource Industries written by Ms.Oana Luca and published by International Monetary Fund. This book was released on 2016-02-24 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual introduces key concepts and methodology used by the Fiscal Affairs Department (FAD) in its fiscal analysis of resource industries (FARI) framework. Proper evaluation of fiscal regimes for extractive industries (EI) requires economic and financial analysis at the project level, and FARI is an analytical tool that allows such fiscal regime design and evaluation. The FARI framework has been primarily used in FAD’s advisory work on fiscal regime design: it supports calibration of fiscal parameters, sensitivity analysis, and international comparisons. In parallel to that, FARI has also evolved into a revenue forecasting tool, allowing IMF economists and government officials to estimate the composition and timing of expected revenue streams from the EI sector, analyze revenue management issues (including quantification of fiscal rules), and better integrate the EI sector in the country macroeconomic frameworks. Looking forward, the model presents a useful tool for revenue administration practitioners, allowing them to compare actual, realized revenues with model results in tax gap analysis.

Petroleum Conservation in the United States

Download Petroleum Conservation in the United States PDF Online Free

Author :
Publisher : Routledge
ISBN 13 : 1135986657
Total Pages : 285 pages
Book Rating : 4.1/5 (359 download)

DOWNLOAD NOW!


Book Synopsis Petroleum Conservation in the United States by : Stephen Macdonald

Download or read book Petroleum Conservation in the United States written by Stephen Macdonald and published by Routledge. This book was released on 2013-10-18 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author develops an economic framework for analyzing state regulation of oil and gas and concludes that existing regulations fall short of assuring optimum well spacing, production rates, use of associated gas, and exploration. Originally published in 1971.

Upstream Petroleum Fiscal and Valuation Modeling in Excel

Download Upstream Petroleum Fiscal and Valuation Modeling in Excel PDF Online Free

Author :
Publisher : Wiley
ISBN 13 : 9780470686829
Total Pages : 370 pages
Book Rating : 4.6/5 (868 download)

DOWNLOAD NOW!


Book Synopsis Upstream Petroleum Fiscal and Valuation Modeling in Excel by : Ken Kasriel

Download or read book Upstream Petroleum Fiscal and Valuation Modeling in Excel written by Ken Kasriel and published by Wiley. This book was released on 2013-05-13 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Please contact the authors at [email protected] for details of how to access the trial version of Crystal Ball, as well as the Excel and other files which are *not* part of the e-book version download. "This is a book no deal team should be without. It is a must for those involved in upstream oil and gas transactions, planning, budgeting, investment appraisal and portfolio management. Its step–by–step approach cuts through complexity, making it comprehensive and understandable by a wide range of users with a wide range of abilities. It can be used as a textbook, an introductory primer or as a handbook that you can dip in and out of or read cover to cover." —Michael Lynch–Bell, Senior Advisor, Oil & Gas, Ernst & Young LLP; ex-officio Chairman, UN Expert Group on Resource Classification In the upstream petroleum industry, it is the value of post–tax cashflows which matters most to companies, governments, investors, lenders, analysts, and advisors. Calculating these cashflows and understanding their “behavior,” however, is challenging, as the industry’s specialized fiscal systems can be complex, jargon–laden, and sometimes seem to be a “world of their own”. Upstream Petroleum Fiscal and Valuation Modeling in Excel: A Worked Examples Approach demystifies fiscal analysis which, unlike disciplines such as Earth sciences and engineering, can be learned from a book. Written in plain English for laymen and for experienced practitioners alike, it is a reader–friendly, clear, practical, step–by–step hands–on guide for both reference and self–paced study. The book does not catalogue the 100+ different petroleum fiscal regimes in use at the time of writing. Rather, drawing on the authors’ combined 48 years’ experience, it takes a more timeless, generic treatment, by covering the most common variants of royalties, taxation, production sharing arrangements, bonuses and abandonment funding , through a dual approach: first, showing how to model them in Excel , and then providing interactive exercises to prompt (and answer) questions that analyze impacts on cashflows. In addition to the main text, the book consists of over 120 Excel files (ranging from modular examples to full models) in Excel 2007 and 2003 formats; over 400 pages of supplementary PDF files; VBA features to enhance model functionality; and an introduction to risk modeling with exercises for the included trial version of Oracle’s Crystal Ball software. It offers both a wealth of content and models equal to or surpassing what is available from fiscal modeling courses costing several times more; and greater insights into underlying calculations than commercially available “black box” fiscal software. New US Securities and Exchange Commission (SEC) rules planned for 2013 will force petroleum companies to disclose more fiscal information on an individual country basis. This will make it more important than ever for analysts to understand how to model oil and gas terms and the potential impacts of the disclosed government payments on future oil and gas company profitability. Due to the heavy use of graphics and cross references used in this particular text, some readers might find that the printed book offers a more optimal reading experience than certain e-formats particularly with the Kindle eMobi format.