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.
It introduces the economic concepts, strategies, and basic tools utilized in the oil and gas industry which helps 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.
Seminar Topics include 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 overview 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.
October 3 – 4, 2017 – Houston, TX (8:30 am-4:30 pm each day)
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Who Should Attend
*There are no prerequisites for attendance.
During this two-day seminar, you will learn…
Course Outline Summary
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October 3-4, 2017 * Houston, TX