HOW DO MANAGERS ASSESS FUTURE OIL PRICES? (Record no. 198336)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01498nmc a2200157 4500 |
| 008 - CÓDIGOS DE INFORMACIÓN DE LONGITUD FIJA - INFORMACIÓN GENERAL | |
| Campo de control de longitud fija | 260224s xxu |
| 245 00 - TITULO | |
| Título | HOW DO MANAGERS ASSESS FUTURE OIL PRICES? |
| 300 ## - DESCRIPCION FISICA | |
| Otra extensión | 12 p. |
| 520 ## - RESUMEN, ETC | |
| Resumen | This paper develops a methodology to assess oil companies managers’ expectations about future oil prices implied in the acquisition of reserves. The method is applied to a sample of farm-ins and farm-outs of onshore developed oil fields in the US from 1979 to 2004, where we make assumptions on expectations on oil production and decline over time. The main findings pointed out that the determinants of the purchase price of reserves has not changed significantly over these 25 years, and that oil companies (or their managers) generally believe in a mean-reverting stochastic process for oil price in the process of bidding and accepting offers for reserves, which means that they expect oil price to increase when it is below historical average, and to decrease when it is above average. We also find that major oil companies are either more conservative than independent firms in estimating future oil prices or strategically decide to focus mainly or large capital-intensive oil prospects. |
| 856 40 - LINK | |
| Link | <a href="http://biblioteca.iapg.org.ar/ArchivosAdjuntos/Oil&Gas_Rio_2006/IBP_1262.pdf">http://biblioteca.iapg.org.ar/ArchivosAdjuntos/Oil&Gas_Rio_2006/IBP_1262.pdf</a> |
| 942 ## - DESC. DE MATERIAL | |
| Tipo de item KOHA | Congresos (trabajos presentados) |
| 100 1# - RESPONSABLE PERSONAL | |
| Apellido, Nombre | Costa Lima, Gabriel A. |
| 111 2# - AUTORIDAD DE CONGRESO | |
| Nombre de congreso | Rio Oil & Gas (2006 sept. 11-14 : Rio de Janeiro, Brazil) |
| Fuente de clasificación | Biblioteca propietaria | Biblioteca actual | Ubicación | Fecha de adquisición | Inventario | Total de préstamos | Signatura topográfica | Inventario | Fecha de carga | Tipo de item KOHA |
|---|---|---|---|---|---|---|---|---|---|---|
| Dewey Decimal Classification | Biblioteca virtual | Biblioteca virtual | | | 11/05/2026 | 200040876 | 20004087 | | | 200040876 | 20004087 | 11/05/2026 | Archivo electrónico |
