Integrated Approach To Property Evaluation Improves Decision-making For Both Parties

Sophisticated evaluation of a farm-in exploration deal should reflect two characteristics not always evident in routine transactions.One characteristic is analysis by each party from the perspectives of both sides of the deal under evaluation. The other is the integrated use of what are called deterministic and probabilistic evaluation techniques.Deterministic evaluation produces a single estimate of value from a given set of input variables. Probabilistic evaluation yields a range of values, each represented as a function of the statistical chance for its occurrence.The common mistake is for a party to a prospective farm-in arrangement to evaluate from its perspective alone using only, o...

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