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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. Publications include:

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. 127-140.

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.

Walls, 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.

Business Strategy/Finance

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, pp. 39-56.

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.

Case Studies

Clyman, D. & M.R. Walls Case Study: Birch Resources

Walls, M.R. (2001) Case Study: South Texas Energy Corporation