series oil and gas spot prices and suggests the use of nonlinear models for prediction. Jablonowski et al (2007) [7] proposed a decision-analytic model to value crude oil price forecast. Ogwo (2007) [8] has proposed an equitable gas pricing model. The literature review offered various methodologies put forward to forecast natural gas price. Financial modeling in the Oil and Gas Industry is the process whereby one creates a Net Asset Value tool for an energy project or asset. The objective, as with all financial modeling, is to estimate the financial performance of a company's project. This, in turn, helps to generate a predicted value for an Exploration and Production (E&P) segment. Oct 28, 2020 · PV10 is a method of estimating an energy company's potential future earnings based on its proven reserves of oil and gas, using a 10% discount rate.