Economics is the primary link between decision-making and profitable operations. This course will explain how to apply tools from petroleum economics which help make better decisions for upstream oil and gas opportunities.
You will be introduced to the economic concepts, strategies, and basic tools utilized in the oil and gas industry which will help you learn how to assess the economic attractiveness of upstream investments in the face of uncertainty. Plus you will learn how to recognize attractive opportunities and avoid bad ones.
Oil and gas companies routinely use economic tools to make decisions about investments and divestitures. This course will both provide background on the upstream oil and gas industry and also introduce you to the economic and decision-making tools used to make high stakes decisions in uncertain environments.
You will learn why the following are important to petroleum economics: Optimal Choice; Decline Curves; Reserves; Cash Flows; Before and After Tax Economics; Discount Rate; Incremental, Acquisition, and Exploration Economics; Value of Information, Monte Carlo Methods; and an understanding of Oil and Gas.
The instructor, Mark Cronshaw, has extensive experience in economics, business and engineering, both domestically and internationally. This combination brings to light the many aspects of oil and gas opportunities.
Participants are saying:
“Excellent high-level decision making course. Give you background of why your company makes the decision it does!” – Landman, Noble Energy
“Excellent class, fantastic instructor, and helpful materials made this class a valuable and worthwhile two days.” – Lease & Title Analyst III, PDC Energy
“Very effective course content and instruction.” – Geo Mgr, Parsley
“Great course for oil and gas professionals in all areas of the corporation.”
“Very informative & well taught/presented – Mark keeps your attention and provides great explanation of the materials.” – Sr. Regional Landman, PDC Energy
“If you need to re-sharpen your economic skills or need a quick foundation, then this is the course for you.” – E&P Accountant, SM Energy
“Fantastic course, very glad I was able to follow the course topics with the instructor’s guidance!” – Production Analyst, Ultra Resources, Inc.
BEST DEAL DISCOUNT: $1,195 per person (register super early to get this deal)
Online registration now available or contact our office to sign-up:
The University of Tulsa, CESE
Register for Upcoming Classes
|May 13-14, 2020 | Oklahoma City, OK||Register Online|
|August 19-20, 2020 | Houston, TX||Register Online|
|This course is also available for on-site training. In-company courses for our group of 10 or more simplifies scheduling and maximizes training dollars.||Request a Course Quote for In-company Training|
Mark Cronshaw, PhD MBA
Who Should Attend
*There are no prerequisites for attendance.
During this two-day seminar, you will learn…
Course Outline Summary
Dates, Times & Location
The seminar meets from 8:30 am to 4:30 pm each day.
August 19-20, 2020 | Houston, TX