Restricted to petroleum engineering majors. Derivation of profitability criteria for earth resource investments, project analysis in terms of the interrelation of technical and economic factors, investment analysis in the presence of uncertainty, and project planning. Three lecture hours a week for one semester. Offered on the letter-grade basis only. Prerequisite: Petroleum and Geosystems Engineering 311 (or 310) and 323K with a grade of at least C-.