ISBN-10:
1118017129
ISBN-13:
9781118017128
Pub. Date:
02/19/2013
Publisher:
Wiley
Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy / Edition 1

Energy Finance and Economics: Analysis and Valuation, Risk Management, and the Future of Energy / Edition 1

by Betty Simkins, Russell Simkins

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Product Details

ISBN-13: 9781118017128
Publisher: Wiley
Publication date: 02/19/2013
Series: Robert W. Kolb Series , #606
Pages: 624
Sales rank: 421,244
Product dimensions: 7.30(w) x 10.10(h) x 2.10(d)

About the Author

BETTY SIMKINS, PhD, is the Williams Companies Professorof Business and a Professor of Finance in the Department of Financeat Oklahoma State University's (OSU) Spears School of Business. Sheteaches energy finance, a course that she developed, at both theundergraduate and graduate levels, and also teaches executiveeducation courses on energy finance for companies globally. Herprimary area of research is risk management, including energy riskmanagement, and she has published extensively in this area. Simkinshas received a number of teaching awards at OSU, including theRegents Distinguished Teaching Award. She currently serves on theBoard of Directors for the Financial Management Association, ascoeditor of the Journal of Applied Finance, editor of FMAOnline, and as past president of the Eastern FinanceAssociation. Simkins worked in the corporate world forConocoPhillips and Williams Companies.

RUSSELL SIMKINS is Manager of Proposal Services in theCollege of Engineering, Architecture, and Technology at OklahomaState University (OSU) and a licensed Professional Engineer in thestate of Oklahoma. He has over thirty years of engineeringexperience and worked for ConocoPhillips, Fractionation ResearchInc., Lubrizol Corporation, Southwest Research Institute, and theU.S. Department of Energy. Simkins has also been active in theengineering profession as a member of various working groups in theSociety of Automotive Engineers (SAE), Coordinating ResearchCouncil (CRC), and American Society of Testing Materials (ASTM)dealing with fuels and lubricants.

Table of Contents

Acknowledgments xi

1 An Introduction to Energy Finance and Economics 1
Betty J. Simkins and Russell E. Simkins

PART ONE An Overview of Energy Finance and Economics

2 Geopolitics andWorld EnergyMarkets 19
Robert W. Kolb

3 Energy Economics: Past, Present, and Prospects for the Future49
James L. Williams and Betty J. Simkins

4 Sustainable Energy: Myths and Realities 79
Olamide O. Shadiya, Jane A. Talkington, John Mowen, Karen High,and Josh L. Wiener

5 A Brief Introduction to the Petroleum Industry: From Crude Oiland Natural Gas to Petrochemicals and Their Products 107
Russell E. Simkins and Kenneth A. Borokhovich

6 The Economics of Renewable Energy 129
Brad Carson

7 How Our Political Views Affect Our View of Energy Prices145
Sheridan Titman

PART TWO Financial and Economic Analysis in the EnergyIndustry

8 Oil and Gas Accounting 151
L. Charles Evans III

9 Financial Statement Analysis for Oil and Gas Companies andCompetitive Benchmarking 181
Siamak Javadi, Betty J. Simkins, and Mary E. Wicker

10 Petroleum Economics, Risk and Opportunity Analysis: SomePractical Perspectives 229
David A. Wood

11 Real Options and Applications in the Energy Industry253
Betty J. Simkins and Kris Kemper

12 International Petroleum Fiscal System Design and Analysis269
David Johnston

13 Financing Large Energy Projects 313
Stephen V. Arbogast and Praveen Kumar

14 Financing Bio-Fuels Projects: Case Study Lessons 343
Stephen V. Arbogast

PART THREE Energy Risk Management and Related Topics

15 Energy Derivatives and Markets 365
Craig Pirrong and Mohsen Mollagholamali

16 Introduction to Energy Risk Management 379
Ivilina Popova and Betty J. Simkins

17 Risks in Trading Energy Commodities 411
Divya Krishnan

18 Carbon Management and Environmental Issues 425
Evgenia Golubeva

19 Hedging and Value in the U.S. Airline Industry 443
David A. Carter, Daniel A. Rogers, and Betty J. Simkins

PART FOUR Case Studies

20 PKO Resources, Inc.: Valuing a Producing Oil and Gas Property467
John D. Martin, J. Douglas Ramsey, and Sheridan Titman

21 Financial Analysis of the Purchase of a Hybrid ConsumerVehicle 477
Don M. Chance, Pratik Dhar, and Betty J. Simkins

22 ExxonMobil Corp.’s Acquisition of XTO Energy, Inc.: AnExercise in Valuation 491
Allissa A. Lee and Betty J. Simkins

23 Southwest Airlines: The Blended Winglet Project 513
Aaron Martin, Daniel A. Rogers, and Betty J. Simkins

24 Wind Energy Power Company, Inc. (A): Analyzing a Wind EnergyInvestment 525
John D. Martin, J. Douglas Ramsey, and Sheridan Titman

25 A Case Study on Risk Management: Lessons from the Collapse ofAmaranth Advisors LLC 543
Ludwig Chincarini

Index 579

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