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