Daniel Johnston & Co. Inc.
International Petroleum fiscal Systems and Production Sharing Contract
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Publications
Daniel Johnston published his first book in 1992 with PennWell Publishing and was thier first author to have three concurrent Best Sellers. The company has since published numerous books and has been asked to contribute to many others. We have also published hundreds of articles pertaining to technology and oil and gas exploration and development. The following represents most of our publications and contributions.
International Petroleum Fiscal Systems and Production Sharing Contracts
Published by PennWell, 1994
ISBN 0-87814-426-9
Author: Daniel Johnston
PennWell Bestseller 1995, 96, 97, 98, 99, 00, 01, 02, 03, 04,05, 06, 07
The book includes the historical development of contracts, terminology of accounting and negotiations, threshold field size analysis, arithmetic behind contract terms, and more.
International Petroleum Fiscal Systems and Production Sharing Contracts
Russian and Chinese versions
International Exploration Economics, Risk, and Contract Analysis
Published by PennWell, 2003
ISBN 0-87814-887-6
Author: Daniel Johnston
PennWell Bestseller
Annotation Deals with international exploration economics and petroleum fiscal system analysis and design and contains the most up-to-date information and discussions in the industry on the subject.
International Exploration, Economics, Risk, and Contract Analysis
Chinese version
Introduction to Oil Company Financial Analysis
Published by PennWell, 2006
ISBN 978-1-59370-044-7
Authors: David Johnston and Daniel Johnston
PennWell Bestseller 2006, 07, 08, 09
This book is written for the nonfinancial shareholders, managers, and oil company employees interested in the forces that influence stock values. The bottom line in any company is expressed in the language of finance.
Oil Company Financial Analysis In Nontechnical Language
Published by PennWell, 1992
ISBN 0-87814-374-2
Author: Daniel Johnston
PennWell Bestseller 1992, 93, 94, 95, 96, 97, 98, 99, 00, 01, 02, 03
Provides an explanation of financial statements with a practical approach to the analysis of an oil company.
Oil Company Financial Analysis in Nontechnical Language
Russian version
Journal of World Energy Law & Business
General Editor
Peter Roberts, Partner, Orrick, London, UK Founding Editor
Professor Thomas W. Wälde
Content Commissioning Editor
Sarah Harris at sarah.harris@oup.com Executive Committee
Chair: Tim Martin, Director, Northumberland Chambers, Calgary, Alberta, Canada
Vice Chair: Daniel Johnston, Daniel Johnston & Co. Inc., Hancock, New Hampshire, USA
The JWELB is the official journal of the AIPN. It is a peer-reviewed journal of record providing objective coverage of relevant issues. It provides high-quality articles that combine academic excellence with professional relevance and benefits from the expertise of a Board of internationally respected academic, lawyers and other energy professionals.
The journal publishes articles on legal, business and policy issues in the international energy industry. This includes upstream oil and gas transactions, finance, taxation, regulation, dispute management, alternative energy resources, energy policy and security and international energy organizations.
The journal is of interest to legal practitioners, government and international agency officials, experts from professional, industry and non-governmental associations; and academics specialising in energy-related issues.
Energy Futures
Published by Palgrave Mcmillan UK, 2006
Editor: Ralf Boschek
Contribution: David Johnston, Chapter 2, Petroleum Fiscal Systems
The world is experiencing the fastest growth in oil demand in more than 25 years. This text is based on the 'Energy Futures' research conference in November 2005 and brings together energy experts of rather different analytical views, doctrinal convictions and stakeholder affiliation to discuss the implications and growth of the oil industry.
Escaping the Resource Curse
Published by Columbia University Press
Editors: Macartan Humphreys, Jeffrey Sachs, Joseph E. Stiglitz
Contribution: David Johnston, Chapter 3, How to Evaluate the Fiscal Terms of a Contract
In this volume, leading economists, lawyers, and political scientists address the fundamental channels generated by this wealth and examine the major decisions a country must make when faced with an abundance of a natural resource. They identify such problems as asymmetric bargaining power, limited access to information, the failure to engage in long-term planning, weak institutional structures, and missing mechanisms of accountability. They also provide a series of solutions, including recommendations for contracting with oil companies and allocating revenue; guidelines for negotiators; models for optimal auctions; and strategies to strengthen state-society linkages and public accountability.
Petroleum Exploration and Production Rights, Allocation Strategies and Design Issues
Published by The World Bank, 2009
ISBN 978-0-8213-8167-0
Authors: D Johnston, D Johnston, & S Tordo
Petroleum has become an integral part of today's global economy and a key component of many national economies. The presence of petroleum in meaningful quantities can have important economic, developmental, and strategic consequences. While mineral resource are a gift of nature, monitizing the resource requires investment and effort. Whether governments choose to invest directly not, their primary concern should be to maximize the social benefits. In practice, however, defining what constitutes maximum social welfare is essentially a political question, which helps explain the variety of objectives pursued by governments over time. In order to exploit their natural resources efficiently, many governments rely on private oil companies. The challenge for governments is deciding which companies should be awarded E&P rights, and terms. There is little documentation on the design and relative effectiveness of alternative systems for the allocation of petroleum E&P rights and their policy implications. This paper analyzes the the advantages and disadvantages of various practices used, and draws conclusions about the optimal design of E&P allocation systems.
International Oil Company Financial Management In Nontechnical Language
Published by PennWell Corporatio, 1998
ISBN 0-87814-59744
Authors: Daniel Johnston and James Bush
PennWell Bestseller 1999, 00, 01, 02, 03, 04, 05
This addition to Johnston's bestselling petroleum financial books addresses the decision-making element of petroleum company management. It is a practical guide to all facets of modern financial management and strategic planning specific to today's oil and gas companies. The authors guide readers through the maze of financial management in a concise, practical, and organized fashion, delivering the basic principles that are critical for all elements of corporate leadership.
International Oil Company Financial Management In Nontechnical Language
Russian version
Energy Finance and Economics
Published by John Wiley & Sons, Inc.
ISBN 978-1-118-22190-7
Editors: Betty Simkins, Russell Simkins
Contribution: David Johnston, Chapter 12, International Petroleum Fiscal Systems, Design and Analysis
Thought leaders and experts offer the most current information and insights into energy finance. Energy Finance and Economics offers the most up-to-date information and compelling insights into the finance and economics of energy. With contributions from today's thought leaders who are experts in various areas of energy finance and economics, the book provides an overview of the energy industry and addresses issues concerning energy finance and economics.
The book focuses on a range of topics including corporate finance relevant to the oil and gas industry as well as addressing issues of unconventional, renewable, and alternative energy.
Maximum Effective Production Rate
Published by University of Dundee, 2002
Authors: Daniel Johnston and David Johnston
This monograph compares the existing documentation evaluating the subject of production rates and whether or not there is a production threshold over which a field could be irreversibly damaged. It is of primary interest to stakeholder, particularly governments, yet there is not concensious on what the Maximum Efficient Production Rate might be. For the most part the existing opinions are split as to whether there actually is a limit, and how much economics plays a part. Faster production improves NPV, but at what cost?
Economic Modeling and Risk Analysis Handbook
Published by University of Dundee, 2003
Authors: Daniel Johnston and David Johnston
The handbook is an accumulation of reference materials on field size thresholds, production rates, costs including day rates and ancillary costs, drilling costs, capital and operating costs, tarrifs, siesmic costs, pipeline and LNG costs, and fiscal terms. The information was accumulated from numerous sources with comentary provided.
International Petroleum Fiscal Systems Analysis - Data Base
Published by PennWell, 2001, Updated freuquently
ISBN 0-087814-822-1
Authors: Daniel Johnston and David Johnston
This database report represents a collection of information that spans two decades. Ideal for those involved in international exploration, contract negotiations and petroleum fiscal system design. This report holds public information which is obscure and difficult to gather-making it a great value and a timesaver. It is an excellent source of reference that depicts the diversity of petroleum exploration, development and production contract terms around the world.
Getting it Right: Lessons from the South in Managing Hydrocarbon Economies
Published by Special Unit for South-South Cooperation, United Nations Development Programme - UNDP 2011
ISBN 978-0-9816619-7-1
Lead Editor: Albert Bressand, PhD, Columbia University Center for Energy, Marine Transportation and Public Policy
Contribution: David Johnston, Chapter 7, Recognizing and Addressing Potential Problems in Contract Negotiations and Fiscal System Design
The book was compiled from selected presentations and papers introduced at the 2nd South-South High-Level Meeting on Oil and Gas Management in Nairobi, Kenya, October 2007. The High-Level conference, attended by over representatives from over 60 countries identified management requirements for hydrocarbon resources.
Nelson Complexity Index
Published annually in the Oil and Gas Journal since 1996
Author: Daniel Johnston
Worldwide Refinery Complexity Analysis, Oil & Gas Journal Energy Database is in its 24th Edition, as of 2016
Each year the O&GJ Energy Database publishes vital statistics on every refinery in the world including distillation capacities, upgrading unit capacities etc. For the past 24 years each year the database has also included Daniel’s calculations of refinery complexity, equivalent distillation capacity, and bottom-of-the-barrel indices.