Accurate and precise cost assumptions are critical to developing short-term and long-term budgets for planned projects. Budget planning assumptions help businesses create contract proposals that ...

Drilling costs can be estimated with a combination of established, analytic techniques. This article, concluding a three-part series, presents a general framework to estimate costs with a formalized ...

As the oil and gas industry explores new regions, the role of cost estimating to support the projects becomes more challenging. Cost estimating for the most part is a specialized field whose end ...