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    Oil File

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    El Mago Julio Cesar
    This document contains information about an oil production model, including inputs, calculations, and results. It provides constants used in the model like tax rates and the discount rate. It also lists uncertain inputs for the initial daily production rate, reserves, capital expenditures, operating expenditures, and initial oil prices. The calculations section shows the exponential decline rate and yearly projections over 20 years, including production levels, revenues, costs, taxes, and net cash flow. The results section states the total profit over 20 years was $185.42 million.

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    Oil File

    Uploaded by

    El Mago Julio Cesar
    14 views1 page
    This document contains information about an oil production model, including inputs, calculations, and results. It provides constants used in the model like tax rates and the discount rate. It also lists uncertain inputs for the initial daily production rate, reserves, capital expenditures, operating expenditures, and initial oil prices. The calculations section shows the exponential decline rate and yearly projections over 20 years, including production levels, revenues, costs, taxes, and net cash flow. The results section states the total profit over 20 years was $185.42 million.

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    This document contains information about an oil production model, including inputs, calculations, and results. It provides constants used in the model like tax rates and the discount rate. It also lists uncertain inputs for the initial daily production rate, reserves, capital expenditures, operating expenditures, and initial oil prices. The calculations section shows the exponential decline rate and yearly projections over 20 years, including production levels, revenues, costs, taxes, and net cash flow. The results section states the total profit over 20 years was $185.42 million.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
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    14 views1 page

    Oil File

    Uploaded by

    El Mago Julio Cesar
    This document contains information about an oil production model, including inputs, calculations, and results. It provides constants used in the model like tax rates and the discount rate. It also lists uncertain inputs for the initial daily production rate, reserves, capital expenditures, operating expenditures, and initial oil prices. The calculations section shows the exponential decline rate and yearly projections over 20 years, including production levels, revenues, costs, taxes, and net cash flow. The results section states the total profit over 20 years was $185.42 million.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    of 1

    OilModel

    SECTION 1:INPUTS - Constants


    Corporate Tax
    Production Tax
    Number of days/year spent
    producing
    Number of years before prices
    escalate
    Discount Rate

    0.37 fraction
    0.0768 fraction
    350 days
    3 years
    0.08 fraction

    SECTION 2: INPUTS - UNCERTAINTIES


    Initial Daily Production Rate
    Reserves
    Capital Expenditures
    Operating Expenditures
    Initial Prices
    Price Escalation Rate

    $
    $

    11,232
    40,000
    45,000,000
    4.5
    19
    0.05

    bopd
    mbbls
    $
    $/bbl
    $/bbl
    fraction

    SECTION 3: CALCULATIONS - Constants


    exponential decline rate
    0.098280445 fraction

    CALCULATIONS - YEARLY
    Year
    Elapsed Operation Years

    1997
    0

    Prices, 1997 $'s/bbl


    Average Yearly Production, bopd
    Cumulative Produced,mbbl

    1998
    1

    1999
    2

    2000
    3

    2001
    4

    2002
    5

    2003
    6

    2004
    7

    2005
    8

    2006
    9

    2007
    10

    2008
    11

    2009
    12

    2010
    13

    2011
    14

    2012
    15

    2013
    16

    2014
    17

    2015
    18

    2016
    19

    19.0

    19.0

    19.0

    20.0

    20.9

    22.0

    23.1

    24.2

    25.5

    26.7

    28.1

    29.5

    30.9

    32.5

    34.1

    35.8

    37.6

    39.5

    41.5

    43.5

    10763
    3931

    9756
    7494

    8842
    10724

    8015
    13652

    7265
    16305

    6585
    18710

    5968
    20890

    5410
    22866

    4903
    24656

    4444
    26280

    4028
    27751

    3651
    29085

    3309
    30293

    3000
    31389

    2719
    32382

    2464
    33282

    2234
    34098

    2025
    34837

    1835
    35508

    1663
    36115

    Revenues, $

    74,693,138

    67,701,462

    61,364,245

    58,401,236

    55,581,298

    52,897,522

    50,343,334

    47,912,476

    45,598,994

    43,397,220

    41,301,759

    39,307,479

    37,409,494

    35,603,155

    33,884,035

    32,247,925

    30,690,815

    29,208,890

    27,798,522

    26,456,254

    Operating Expenditures, $
    Field Shut-in Flag
    Updated Average Production, bopd
    Updated Revenues, $
    Updated Operating Expenditure, $

    17,690,480
    1
    10763
    74,693,138
    17,690,480

    16,034,557
    1
    9756
    67,701,462
    16,034,557

    14,533,637
    1
    8842
    61,364,245
    14,533,637

    13,173,211
    1
    8015
    58,401,236
    13,173,211

    11,940,128
    1
    7265
    55,581,298
    11,940,128

    10,822,469
    1
    6585
    52,897,522
    10,822,469

    9,809,428
    1
    5968
    50,343,334
    9,809,428

    8,891,213
    1
    5410
    47,912,476
    8,891,213

    8,058,948
    1
    4903
    45,598,994
    8,058,948

    7,304,588
    1
    4444
    43,397,220
    7,304,588

    6,620,840
    1
    4028
    41,301,759
    6,620,840

    6,001,094
    1
    3651
    39,307,479
    6,001,094

    5,439,359
    1
    3309
    37,409,494
    5,439,359

    4,930,206
    1
    3000
    35,603,155
    4,930,206

    4,468,713
    1
    2719
    33,884,035
    4,468,713

    4,050,418
    1
    2464
    32,247,925
    4,050,418

    3,671,277
    1
    2234
    30,690,815
    3,671,277

    3,327,626
    1
    2025
    29,208,890
    3,327,626

    3,016,142
    1
    1835
    27,798,522
    3,016,142

    2,733,815
    1
    1663
    26,456,254
    2,733,815

    Capital Expenditures, $
    Corporate Tax
    Production Tax
    Net Cash Flow

    45,000,000
    4,440,983
    5,736,433
    1,825,241

    0
    19,116,755
    5,199,472
    27,350,678

    0
    17,327,325
    4,712,774
    24,790,509

    0
    16,734,369
    4,485,215
    24,008,441

    0
    16,147,233
    4,268,644
    23,225,293

    0
    15,567,770
    4,062,530
    22,444,754

    0
    14,997,545
    3,866,368
    21,669,993

    0
    14,437,867
    3,679,678
    20,903,717

    0
    13,889,817
    3,502,003
    20,148,226

    0
    13,354,274
    3,332,906
    19,405,451

    0
    12,831,940
    3,171,975
    18,677,004

    0
    12,323,363
    3,018,814
    17,964,208

    0
    11,828,950
    2,873,049
    17,268,136

    0
    11,348,991
    2,734,322
    16,589,635

    0
    10,883,669
    2,602,294
    15,929,359

    0
    10,433,078
    2,476,641
    15,287,789

    0
    9,997,229
    2,357,055
    14,665,254

    0
    9,576,068
    2,243,243
    14,061,954

    0
    9,169,480
    2,134,926
    13,477,973

    0
    8,777,302
    2,031,840
    12,913,296

    SECTION 4 - RESULTS
    Profit, $ Millions

    185.42

    Page 1

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