Reserves Evaluations / EVAL-02 / Calgary, AB
5 days / 11-15 June 2018
Evaluation of Oil & Gas Properties for Financial Professionals
Matthew O’Blenes P.Eng.
Senior Petroleum Engineer
Matthew O’Blenes has been a Sproule professional since 1997. Matthew lectures to industry through Sproule’s in-house course, Evaluation of Canadian Oil and Gas Properties. He has experience in Australia and Canada. Matthew’s career has focused on natural gas, encompassing the areas of reserves, production, storage, transmission and distribution. His experience includes both operational and planning points of view, with emphasis on economics and system performance.
Hayley Silberg P.Geo.
Geoscientist and Manager, Sproule Training
Hayley has been a Petroleum Geoscientist (P.Geo.) with Sproule's Reservoir Characterization Practice Area for five years. She performs seismic interpretation, seismic attribute mapping, geostatistical analysis, 3-D reservoir modelling, uncertainty modelling and reserves evaluation. Additionally, Hayley is Sproule’s Training Manager. She has experience in Western Canada, Ontario, Eastern Canada, the United States, the North Sea, Africa, New Zealand, Colombia and Madagascar.
This comprehensive 5-day course presents the foundational components and techniques of evaluating global oil and gas properties. By the end of this course, participants will fully understand the evaluation process, where to source the appropriate data, how to evaluate an oil and gas property, how to interpret evaluations done by others and, ultimately, how to make sound investment decisions. The course lecture material is supported by a number of workshop exercises, a field trip to learn about oil and gas technology, and a scenario-based learning experience in which students work in teams and compete for points as they analyze the story of a historic and factual business takeover.
This course includes practical insights for evaluating wells, groups of wells, properties and companies. Topics include:
- Introduction to petroleum geology
- Drilling, completions, and production overview
- Capital and operating costs
- Definition of reserves and resources
- Estimating reserves
- Profitability indices
- Income tax
- Estimating prices
- Interests and royalties
- Uses of evaluations
- Financial case studies
- Type curve overview and Canadian hot plays
- Class evaluations case study
This course has a financial focus related to the use of evaluations, but is designed for engineers, geologists, geophysicists, land negotiators, accountants, investment managers, technologists, and anyone who wants to understand the process and results of evaluating oil and gas properties.