The newsletter is published a few times each year as opportunity
and subject matter allow. The newsletter was started in 1993
as an effort to communicate ideas and exchange thoughts on issues
of importance to persons engaged in the economic evaluation and
formal appraisal of oil and gas properties. Along with professional
topics the newsletter also contains Books and Literatures reviews,
summaries of interesting papers and studies and the occasional bit
of information about happenings at RJM&A.
The following is a list of our past newsletters with the primary
subject matter.
Vol.
7 No. 2 July 2005
You, Me and SEC
Compliance versus
Policy
Restoring Confidence
through Enhanced Compliance
Revision of SEC
Reporting Policy
The CERA Study
Deloitte Touche
Report
Toward a Fundamental
Change
Seizing an Opportunity
Do We Then Need Certification?
Projecting Product Prices
Near-Term Projection
NYMEX as a Reference
Price
Adjusting the NYMEX
for the Subject Property
Long Term Price
Projections
Natural Gas Prices
Using Judgement
A Courtly Southern Gentleman
Letter from Rocky (at last)
Book Reviews
"The Bottomless Well:
The Twilight of Fuel,
the
Virtue of Waste, and Why we will
Never run out of Energy" by Huber and Mills
"The Little
Ice Age: How Climate Made History 1300-1850"
By Brian Fagan
"Susette Kelo,
et al vs. City of New London,
Conn et al, June 2005" by the U.S. Supreme Court |
|
Vol.
7 No. 1 August, 2004
Bringing Oil and Gas Evaluation the 21st Century
The Basis for Our
Profession
Issues for the 21st
Century - Or at least for the next Decade
Rsolve the Probabilistic
- Deterministic Issue
Standardize Reserves
Definitions
Standardize Assignment
of Classification
Standardize Economic
Terms and Applications
Expand the Use of
Financial Methods in Evaluation
Redux
Professional Certification or Accreditation
A Letter From Rocky
Time Travel |
|
Vol.
6 No. 3 June, 2003
The Use and Misuse of "Risk Adjustment Factors"
General View
Available Data
Are All Risk Adjustments
Created Equal?
Reasonable Certainty
Publications
Canadian O&G Evaluation
Handbook, Vol.1
Petroleum Society
Monograph No. 1
Courtroom Update |
|
Vol.
6 No. 2 December, 2002
Proved Reserves and UnProved Reserves
The Industry Definition
Risk Adjustment Factors
Another Definition
of Proved Reserves
Maples vs. KCAAB
What Does this Mean?
The Stanford Project
Book Review
Who is John Galt?
Oil Property Valuation meets Business Valuation |
|
Vol.
6 No. 1 July, 2002
Market Value or Investment Value?
"Quality"as a Measure of Risk or Value
Accounting for Abandonment, etc.
Book Reviews
"The Map"
"Skeptical
Environmentalist"
SPEE Monograph 2
SPEE Parameter Survey
Opportunity Costs |
|
Vol.
5 No. 4 November, 2001
Discount Rates
SPEE Recommended Evaluation Practices
So Then We Took the Plan to Management!
Return-of-Investment
Payout as a Form of
Return-of-Investment
Why is Adjustment
of WACC Necessary
Statistical Analysis of Discount Rates |
|
Vol.
5 No. 3 April, 2001
Product Prices vs. Discount Rates
The Influence of Politics on Appraisal
What is a Lease Worth?
Hey Dude, the Lights Went Out! |
|
Vol.
5 No. 2 October, 2000
Data
Sources for Evaluation Engineers
The WSPA Study
The Texas Comptroller
Study
The SPEE Parameter
Study
"Legal
Alchemy"
"Federal
Rules of Evidence and Daubert"
Occidental vs. County of Kern
Computer Error Messages in Haiku
|
|
Vol.
5 No. 1 December, 1999
Using Financial Market Data in the Appraisal of Oil and Gas
Properties
The Financial
Source
Components
of the COC
Limitations
of the COC
Measuring
the Difference
Adjusting
the COC
Appraisers Workshop
|
|
Vol.
4 No. 4 August, 1999
The Income Approach: Revisited
Why the Income
Approach
History
Discount
Cash Flow in Real Estate
DCF for
Oil Properties
DCF in
Finance
Major
Components
Relationship
of the Components
Legal Beat - Kumho Tire v. Carmichael
"Judging
Science"
SPEE Monograph I
"Noah's Flood"
|
|
Vol.
4 No. 3 March, 1999
The Cost Approach
The Cost Approach and Oil Properties
Appraisal: Art? Science? or Profession? Part II
The Income Tax and Oil Property Appraisal
Assessor's Handbook
WSPA
Study
|
|
Vol.
4. No. 2 December, 1998
Appraisal: Art? Science? or Profession? Part I
Court Cases re: Engineers & Evaluation
Three Methods of Value
The Sales Comparison Approach
Comparable Sales for Oil Properties
"Annals
of the Former World"
"Cost-of-Capital...."
|
|
Vol.
4. No. 1 June, 1998
Appraisal
and the Cost of Regulation
What is Regulation?
Regulation and Property Value
The Cost of Regulation
Abandonment and Remediation
Appraisers Workshop
The Spring Pond Beavers
Ode to a Primitive Device
|
|
Vol.
3 No. 4 December, 1997
Why are There Differences in Reserves?
Economic Limit
Other Reserves Definitions
Dominquez Energy v. County of LA
"Demon
Haunted World"
"Against
the Gods"
SPEE Survey
|
|
Vol.
3 No. 3 July, 1997
Reserves: You Say Proved......
What
are Reserves
Are
Reserves Real?
Who
Defines Reserves
The
Definition of Reserves
All
Reserves are Not Created Equal
WSPA Study
Ibbotson Pure-Play Study
|
|
Vol.
3 No. 2 October, 1996
Fair Market Value
Just What is Fair Market Value Anyway?
Assessor's Handbook AH566
SPEE Survey
|
|
Vol.
3 No. 1 April, 1996
What is Good Evaluation/Appraisal Practice
Opinion of Value, etc......
Value to Whom - and for What?
Appraisers Workshop
WSPA Study
Galileo's Revenge
|
|
Vol.
2 No. 4 September, 1995
Estimating Future Product Prices
To Escalate or Not to Escalate
Historical Perspective
SPEE
Survey
WSPA
Study
Sliding Scale Royalty
|
|
Vol.
2 No. 3 April, 1995
Market
Discount Rates:
Application to Specific Use
Reducing Differences and Variables
Application to Appraisal
Constructed Derivation
Texas Property Tax
|
|
Vol.
2 No. 2 December, 1994
Market Derived Discount Rates:
Analysis of Data from Market Sales
Main & Von Karman Associates v. County of Orange
Reports and Studies
|
|
Vol.
2, No. 1 June, 1994
Market Discount Rates:
Sources and Derivation
Market Discount Rates in Appraisal Practice and
Regulation Sources of Market Sales Data
Using Market Data to Derive Discount Rates
Comparison of Derived Discount Rates
Reports and Studies |
|
Vol.
1, No. 4 March, 1994
The
Role of the Cash Flow
Shell Western E&P v. County of Orange.
|
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Vol.
1, No. 3 December, 1993
The
Cost of Capital Discount Rate
Sources and Derivation.
|
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Vol.
1, No. 2 September, 1993
The Income Approach to Value in Oil Property Appraisal.
|
|
Vol.
1, No. 1 June, 1993
Oil
and Gas Mineral Rights as Real Estate
Appraisal Methods for Oil Properties
Evolution of Oil and Gas Appraisal Practice.
|
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