Introductory to Intermediate
Evaluation of Oil & Gas Properties for Technical Professionals
Course Overview
This comprehensive course is an introduction or refresher for the techniques of evaluating Canadian oil and gas properties, but the techniques used in this course also apply to oil and gas properties elsewhere in the world. There is ample opportunity to work problems in class. By the end of this course, participants will be able to evaluate an oil and gas property and interpret evaluations done by others.
Topics Include:
- How to estimate oil and gas reserves and forecast production
- Forms of ownership and the crown royalty regimes in Western Canada
- How to understand and categorize capital and operating costs
- How to discount future cash flows and interpret profitability
- How to check income tax calculations in evaluations
- Using evaluations for investments, acquisitions and divestments
- Understanding probability in estimating reserves
Why Attend
- The material in the course is very practical, with many tips and insights in evaluating wells, groups of wells, properties and companies.
Who Should Attend
This course is for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the process and results of evaluating Canadian oil and gas properties.
Topics Covered
Geology & Geophysics in Evaluations
Reserve & Resource Definitions
Estimating Oil & Gas reserves & Production rates
Introduction to Probabilistic Reserve estimation techniques
Interests & Royalties
Capital & Operating Cost estimation
Income taxes in evaluations
Time value of Money and WACC
Oil & Gas Price forecasts
Profitability indices
Uses of evaluations