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Reserves Evaluations / EVAL-02 / 5 days

Evaluation of Oil & Gas Properties for Financial Professionals

Miles Hughes P.Eng.

Senior Petroleum Engineer and Manager, Strategic Advisory

Matthew O’Blenes P.Eng.

Senior Petroleum Engineer

Hayley Silberg P.Geo.

Geoscientist and Manager, Sproule Training

Cameron Six P.Eng.

President and CEO


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Description

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.

Topics

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

Designed for

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.