Say a company shows in a presentation that wells cost $10 million to drill and complete and the calculated PV10 is $5 million. What does that mean in simple terms? I understand time value of money and what present value is (PV), but just what are they saying? What, exactly, does this $5 million value represent? Does it mean that each so-called proved location is worth $5 million today?
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What makes this site so great? Well, I think it's the fact that, quite frankly, we all have a lot at stake in this thing they call shale. But beyond that, this site is made up of individuals who have worked hard for that little yard we call home. Or, that farm on which blood, sweat and tears have fallen.[ Read More ]