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Technology Development & Implementation

After a merger, a major oil and gas company found it was left with multiple trading systems, which were not well coordinated and supported only limited types of trading.

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Events

17Platinum: PKF Texas Gold: Schlumberger, Silver: McGriff Seibels & Williams, Westin Galleria - 5060 West AlabamaHouston Texas

Decision Strategies Oilfield Breakfast Forum

Jul 20, 2012
06:30 AM - 09:00 AM
Established in 1994, the Oilfield Breakfast Forum has emerged as one of the premiere thought-leadership events in Houston, attracting over 700 industry executives per event. Held three times a year,...

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Thought Leadership Blog

Materiality

Recently, a client planning to participate in a Play in the Western Canadian Sedimentary Basin raised a seemingly simple question with a very complex answer: how much land should we buy? Clearly,...

Posted by: on 03/22/2012 09:40 PM

Planning a new well for the advent of eventual intervention services?

With today’s drilling and completion costs accounting for nearly two-thirds of the capital expenditures of some projects, you know that errors in cost and timing estimates can have a significant...

Posted by: on 03/11/2012 08:27 AM

Risk Tolerance and Risk Neutrality (You Can Live With More Risk Than You Think)

The usual stage at which risk tolerance is applied is the development phase of a project. Companies are comfortable with the notion of failed exploration wells, but not failed developments. Stringent...

Posted by: Pat Leach on 05/03/2011 03:14 PM

When to Trust Your Gut

Routine decisions – whether business or personal – are easy. We make them without a lot of thought. Kahneman and Klein identified four criteria to be met in order to make a decision by...

Posted by: Pat Leach on 03/31/2011 12:06 PM

Have You Played Out Enough “What If’s” in Your Risk Analysis?

In any situation where you need to make a critical decision, there is always some level of risk – whether you’re working on an internal reorganization or considering a multi-billion dollar...

Posted by: Paul Wicker on 07/07/2010 08:55 PM

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News/Features

Apr 17, 2012
Applying Decision Analysis When Faced With 1,000 Decisions

For any strategic initiative, applying decision analysis (DA) is viewed as best-in-class approach for the selection of the optimal decision path.

Mar 11, 2012
Oil 101, Spring 2012

A Comprehensive Overview of Oil and Gas Production

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Resources Overview

Resource Library Overview

We are pleased to share a variety of resources and articles that offer insight to those responsible for making critical decisions and/or those who want to learn best practices for decision making.

White Papers

Materiality (PDF)

Planning for Today's Drilling costs, Risks, and Timelines (PDF)

Uncertainty as a Source of Value (PDF)

Light at the End of the Tunnel (PDF)

Published Articles

Seeing the Forest As Well As the Trees (PDF)

Improving the Odds for Success (PDF)

Simulation improves decisions: Integrated simulation programs enhance strategic decision-making (PDF)

Exploitation and Management of Risk and Uncertainty (PDF)

Avoiding Decision Traps (PDF)

Improving Upstream Forecasts (PDF)