Liying Xu, Ph.D.
Office Hours - Spring 2013
*All other times, by appointment only.
Dr. Liying Xu joined the Petroleum Engineering department at the University of Tulsa as an instructor in 2011. Dr. Xu is an interdisciplinary scholar with strong and solid backgrounds in the areas of both engineering and economic evaluation and management. The career goal of Dr. Xu is to join her efforts to meet the increasing needs of improving energy production and decision-making in an uncertain world and to shape a better future society with secure and sustainable global energy supplies. Her interest was inspired by her original perspective on the importance and the great needs of integrating economics and business knowledge into petroleum engineering during her ten years of research experience in SINOPEC, China. The interdisciplinary needs have been more and more obvious and vital in current world economy and are extending into the areas such as the utilization of unconventional energy resources.
To pursue her career goal, Dr. Xu entered the Ph.D. program in the department of Petroleum and Geosystems Engineering at the University of Texas at Austin, pioneered and ventured her interdisciplinary PhD degree, and prepared herself in all the disciplines necessary to evaluate and manage uncertainty and risk in energy exploration, development, and production, including Petroleum Engineering, Economics, Finance, Energy and Mineral Resource (EMR) - Economics and Management, and the MBA program. The topic of her interdisciplinary PhD dissertation is the application of real options to the valuation and decision-making in petroleum E&P industry. The paper was presented at 2012 SPE Hydrocarbon Economics and Evaluation Symposium (HEES).
Dr. Xu received awards including the American Association of University Women (AAUW) Fellowship, Washington State University Summer Doctoral Fellows, Washington State University Advance Excellence in Science and Engineering award, and SPE Star Academic Fellowship in Mid-Continent North America Region.
Education and Degrees Earned
- Ph.D., Petroleum & Geosystems Engineering, The University of Texas at Austin (2010)
- M. A., Energy and Mineral Resources (EMR)-Economics and Management, The University of Texas at Austin(2006)
- M. Sc., Petroleum Processing Engineering, The Research Institute of Petroleum Processing (RIPP), SINOPEC, China (1987)
- B. Sc., Chemical Engineering, Zhejiang University, China (1983)
Areas of Academic Specialty
- Petroleum Reservoir Engineering
- Petroleum Asset Risk Management
- Energy Economics and Resource Evaluation
- Optimization for Downstream Petroleum Refinery Process
- Decision-making under Uncertainty in Petroleum Industry
- Properties and Refining Process for Heavy Petroleum Crude Oil
- Application of Real Options in Petroleum Exploration and Production
Areas of Research Focus
- Real Options Evaluation Framework
- Full Cost and Successful Efforts Accounting
- Risk-neutral Probability Theory and Applications
- Cost Models for Petroleum Exploration and Production
- Above-ground and Subsurface Uncertainties in Petroleum Industry
- Stochastic Energy Price Models and Binomial Lattice Cash Flow Models
- Switching Time from Conventional to Unconventional Energy Production
Previous Relevant Work Experience
- 2003-2005, Principle Research Assistant, Center for Petroleum Asset Risk Management (CPARM), The University of Texas at Austin, Texas
- 2001-2002, Energy Risk Management, Lower Colorado River Authority (LCRA), Austin, Texas
- 1999-2003, Research Assistant, Bureau of Economic Geology, The University of Texas at Austin, Texas
- 1987-1997, Senior Research Engineer, The Research Institute of Petroleum Processing (RIPP), SINOPEC, China
- Society of Petroleum Engineers