The Potential for Use of Modern Asset Pricing Methods for Upstream Petroleum Project Evaluation: Introductory Remarks

Baker M.P. Mayfield E.S. Parsons J.E. (1998). “Alternative Models of Uncertain Commodity Prices for Use with Modem Asset Pricing Methods,” The Energy Journal 19(1). This issue.

Black F. Scholes M. (1973). “The Pricing of Options and Corporate Liabilities.” Journal of Political Economy 81: 637-659.

Bradley P.G. (1998). “On the Use of Modern Asset Pricing for Comparing Alternative Royalty Systems for Petroleum Development Projects.” The Energy Journal 19(1). This issue.

Chorn L.G. Carr P.P. (1997). “The Value of Purchasing Information to Reduce Risk in Capital Investment Projects” SPE Reprint 37948.

Dixit A.K Pindyck R.S. (1994). Investment under Uncertainty. Princeton University Press.

Dixit A.K Pindyck R.S. (1995). “The Options Approach to Capital Investment,” Harvard Business Review (May-June): 105-115.

The Economist (1991). “Schools Brief: Of Butterflies and Condors,” (February l6): 58.

The Economist (1991). “Optional Investing,” (January 8): 76.

Jacoby H.D. Laughton D.G. (1992). “Project Evaluation: A Practical Asset Pricing Method,” The Energy Journal 13(2): 19-47.

Keefe D. (1995). “Time is Money” Energy Risk 2-6 (June).

Laughton D.G. (1998a). “The Management of Flexibility in the Upstream Petroleum Industry,” The Energy Journal 19(1). This Issue.

Laughton D.G. (1998b). “The Potential for Use of Modem Asset Pricing Methods for Upstream Petroleum Project Evaluation: Concluding Remarks,” The Energy Journal 19(1). This issue.

Lessard D.R. (1979). “Evaluating Foreign Projects: An Adjusted Present Value Approach” in Lessard D.R. (ed.), International Financial Management: Theory and Application. Warren, Gorham and Lamont.

Merton R.C. (1973). “Theory of Rational Option Pricing,” The Bell Journal of Economics and Management Science 4: 141-183.

Miller M.H. Modigliani F. (1961). “Dividend Policy, Growth and the Valuation of Shares,” Journal of Business 34: 411-433.

Modigliani F. Miller M.H. (1958). “The Cost of Capital, Corporation Finance and the Theory of Investment,” American Economic Review 48: 261-297

Salahor G. (1998). “Implications of Output Price Risk and Operating Leverage for the Evaluation of Petroleum Development Projects,” The Energy Journal 19(1). This issue.

Smith J.E. McCardle K.F. (1997). “Options in the Real World: Lessons Learned in Evaluating Oil and Gas Investments,” Working paper, Fuqua School of Business, Duke University.

Torinho O.A. (1979). “The Valuation of Reserves of Natural Resources: An Option Pricing Approach,” Unpublished PhD Dissertation, UC Berkeley.

Trigeorgis L. (1996). Rea. Options, Cambridge, MA:: MIT Press.

Tufano P. (1996). “How Financial Engineering Can Advance Corporate Strategy,” Harvard Business Review (Jan-Feb): 136-146

White J. Agee M. Case K. (1989). Principles of Engineering Economic Analysis. Wiley (3rd ed.): 436-446