Michael R. Walls has published extensively over
the last 25 years in the areas of business strategy, corporate risk
management, strategic decision-making and finance. These publications
provide our clients with a perspective on key issues in their industry
as well as innovative approaches that can lead to improved performance.
Corporate Risk Management
Walls, M.R. and Heeley, M.B. “Offshore Bidding Model Enhances Performance”, Offshore Magazine, January, 2011 Issue.
Walls, M.R. “Corporate
Risk Taking and Performance: A 20 Year Look at the Petroleum Industry”,
Journal of Petroleum Science and Engineering, Vol. 48, pp.
Walls, M.R. "Measuring
and Utilizing Corporate Risk Tolerance to Improve Investment Decision
Making," Engineering Economist, Volume 50, Number
4, pp. 361-376.
Walls, M.R. and Clyman, D. “Risky
Choice, Risk-Sharing, and Decision Analysis: Implications for Managers
in the Resource Sector”, Resources Policy, Vol.
24, No. 1, pp. 49-57.
Walls, M.R. “Corporate
Risk Tolerance and Capital Allocation: A Practical Approach to Implementing
an Exploration Risk Policy”, Journal of Petroleum Technology,
SPE Paper No. 28281, April 1995, pp. 307-311.
Walls, M.R. “MCDM
Approach Limits Risk, Enhances Performance”, American
Oil and Gas Reporter, pp.112-115.
M.R. & Dyer, J.S. "Risk
Propensity and Firm Performance: A Study of the Petroleum Exploration
Industry", Management Science, Vol. 42, No. 7:1004-1021.
Walls, M.R. “Combining
Decision Analysis and Portfolio Management to Improve Project Selection
in the Petroleum Exploration and Production Firm”, Journal
of Petroleum Science and Engineering, Vol. 44, pp. 55-66.
Walls, M.R. “Developing
an Exploration Decision Support System: A Strategy for Combining Information
and Analytics”, Nonrenewable Resources, Vol. 5,
No. 3, pp. 181-192.
Walls, M.R., Morahan, T. & Dyer, J.S. "Decision
Analysis of Exploration Opportunities in the Onshore US at Phillips
Petroleum Company”, Interfaces, Vol. 25:6 November-December,
Walls, M.R. (1995). "Integrating
Business Strategy and Capital Allocation: An Application of Multi-Objective
Decision Making", Engineering Economist, Vol. 40:
No. 3, Spring 1995, pp. 247-266.
Clyman, D. & M.R. Walls Case
Study: Birch Resources
Walls, M.R. (2001) Case
Study: South Texas Energy Corporation