The valuation of oil and gas subsurface interests requires identification and measurement of unique risk elements. Each classification of oil and gas reserves incorporates risk profiles that are geophysical and economic in nature. Join Mark Shirley to learn the language and accounting considerations of oil and gas prospects, as well as exploration and production that is exclusive to this industry. You will learn about the risks associated with financial forecasting along with market and financial risk, which are essential to converting volume estimates or oil and gas reserves to a reasonable estimate of value.