Economics drives the entire oil/gas producing industry
Oil Economic Evaluation
What is it about?
Economics drives the entire oil/gas producing industry. Almost every decision is made on the basis of an economic evaluation. Economic evaluations are also performed to determine reserves and the "standardized measure of value" for reporting purposes for publicly held companies. In many cases, the goal of the company is to make decisions that have the best chance of maximizing the present day profit.
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App Store Description
Economics drives the entire oil/gas producing industry. Almost every decision is made on the basis of an economic evaluation. Economic evaluations are also performed to determine reserves and the "standardized measure of value" for reporting purposes for publicly held companies. In many cases, the goal of the company is to make decisions that have the best chance of maximizing the present day profit.
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