Reader picks: Most popular July OGFJ articles

Below is a list of the most viewed articles on for the month of July.

As determined by you, our readers, the content below is the most engaging and interesting for the month of July 2013. Each selection features a short summary and a link to the original article.

  1. Forecasting shale oil production
    In order to make an accurate forecast for shale oil production, one need to assess the profitability of every existing well and future well location, and to make forecasts of the industrial capacity to drill and complete new wells on the prospective acreages. Three different types of information are needed: detailed geology of the target formations; empirical production data at well level; and company budgets and spending plans.
  2. Part 1: Oil and gas company valuation, reserves, and production
    The primary determinants of the value of an oil and gas company are its reserves, level of production, and commodity price at the time of assessment. The purpose of this article is to establish the relationship between the factors that determine company value for a cross-section of publicly traded oil and gas companies for the year ending 2010. Oil and gas companies vary in the size of their reserves and production, earnings, growth potential, ownership, corporate and financial structure, degree of integration, and property portfolio, and all these factors potentially impact equity value. In Part 1, we introduce the variables and categorization levels used in the analysis, and summarize sample statistics. 
  3. Reserve-based lending markets: from projects to borrowing bases
    Reserve-based finance is a generic term used to cover finance where the loan is collateralized by the value of a company’s (or project’s) reserves and where repayment of the debt comes from the revenue derived from sale of the field or fields’ production. 
  4. Rex International Holding launches IPO on Catalist
    Rex International Holding Ltd., an oil exploration company, launched its initial public offering with a public offer of 2.5 million shares at S$0.50 each. Including over-allotment, Rex International Holding is expected to place out 168 million shares at S$0.50 each, in conjunction with its proposed listing on the Catalist Board of the Singapore Exchange Securities Trading Limited. Assuming the over-allotment option being fully exercised, Rex International Holding aims to raise up to S$85.25 million. 
  5. Can Houston refineries absorb new Permian crude supplies?
    Permian crude production is set to increase 0.4 MMb/d to 1.8 MMb/d by December 2018 (Bentek). New pipeline capacity currently being built and planned to be in place by the end of 2015 should comfortably handle the output by then – primarily pushing Permian crude into the Houston market. The bigger question is whether Houston region Gulf Coast refineries can process the new crude without significant reconfiguration?

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