reader step-by-step through the decision-making process, providing comprehensive coverage of all decision analysis tools currently available while outlining how investment decisions are made under different stages of risk. Further, he focuses on practical application, using a straightforward approach with solved "real-life" examples and solutions, end-of-chapter problems, and illustrations throughout the book. Key Features & Benefits Become familiar with the practical applications of various capital budgeting techniques (the deterministic phase) and decision analysis methods (the probabilistic phase) Intelligently interpret the profitability measures as applied to oil & gas projects Assess the risks when investing in the oil & gas business Assess the face value of the reports issued by planning/economic engineers Model the presented methods on their computer

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