Feedback on Uncertainties impacting reserves, revenue, and costs

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162.158.170.49 did not find what they were looking for.

00:43, 23 September 2022 | Details
To distribute all n values properly through the entire probability range, utilize the fractile approach in which the incremental spacing of values is determined by dividing n + 1 into 100. For example, in a distribution where n = 6, each value wil...To distribute all n values properly through the entire probability range, utilize the fractile approach in which the incremental spacing of values is determined by dividing n + 1 into 100. For example, in a distribution where n = 6, each value will be plotted at successive increments of 14.3%—14.3%, 28.6%, 42.9%, and so on. Further to my previous comment, if I had 3 fields in a basin of 10, 20 and 30 mmbbls, why would I plot 10 25%, 10 50% and 30 75% ? I cannot understand why we would assume the 30 mmbbl field is at the 75% level (75% of the fields in the basin are less than 30 mmbbls). Please help explain. ThanksMore
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162.158.170.49 did not find what they were looking for.

00:38, 23 September 2022 | Details
This needs to be explained : To distribute all n values properly through the entire probability range, utilize the fractile approach in which the incremental spacing of values is determined by dividing n + 1 into 100. For example, in a distributio...This needs to be explained : To distribute all n values properly through the entire probability range, utilize the fractile approach in which the incremental spacing of values is determined by dividing n + 1 into 100. For example, in a distribution where n = 6, each value will be plotted at successive increments of 14.3%—14.3%, 28.6%, 42.9%, and so on. What is the basis of this?More
Is this feedback helpful?YesNo