utulsa.edu

Oil & Gas Acquisitions & Divestitures:
what you need to know

INSTRUCTOR-LED, LIVE, VIRTUAL FORMAT | Daily Morning & Afternoon Sessions

October 18-19, 2022

LIVE, ONLINE Program | Tuesday – Wednesday
Class size is limited…sign up today.

QUICK REGISTRATION LINK

Acquisitions and divestitures…the one constant in the oil and gas industry. They are a part of the asset allocation strategy for companies and are constantly evaluated on both a short and long-term basis. Oil and gas companies seek to acquire assets that maximize core competencies and increase shareholder value. Operators look for assets when geological knowledge of formation is available, and where technical expertise in specific plays can be leveraged for higher margin recovery.

Because acquisitions and divestitures are commonplace in the oil and gas industry, an invaluable tool for professionals is knowing how to determine the market value of oil and gas properties. This course focuses on how to do this (from both the buy-side and sell-side) using reserve reports, the marketplace, and the buyer’s own investment criteria.

Companies are rewriting their A&D playbook to a more strategic, restrained and environmentally-focused approach. This shift means companies are becoming more tactical with acquisitions and divestitures. Therefore, now more than ever, it is important for professionals to clearly understand all facets of this one constant in the oil and gas industry. This program is designed to increase your knowledge and understanding of that constant: acquisitions and divestitures.


INSTRUCTOR:
Mark Cronshaw, PhD is a principal with Resource Economics, LLC in Boulder, Colorado. He has years of experience as a resource economist, financial analyst, and engineer. His domestic and international projects have included valuation, gas market development, regulatory review, project planning, cost contingency, and assessment. He has taught at the Colorado School of Mines and the University of Colorado. Dr. Cronshaw has a PhD from Stanford, an MBA from Southern Methodist, and MS (Chem.E.) from Caltech and a BA (Chem.E.) from Cambridge UK.  Mark’s extensive combination of experience in economics, business and engineering, brings a rare perspective on many aspects of oil and gas opportunities.

“Mark Cronshaw is an extremely engaging professor….”
“Dr. Cronshaw…teaches technical concepts in a non-technical way. As he puts it, we first learn to ‘crawl so we can walk’…”

WHO SHOULD ATTEND:

Financial Planners and Analysts
Oil Drilling / Income Fund Managers
Oil Industry Executives
Merger and Acquisition Advisors
Mineral Appraisers
Landmen
Institutional Investment Advisors
Bank Petroleum Engineers
Investment Bankers
Government Officials
Petroleum Geologists and Engineers

YOU WILL LEARN HOW TO:
* Determine market values of oil and gas properties using several different methods
* Evaluate sensitivities of different methods of determining market values
* Appraise undeveloped properties, prospects and mineral lands
* Translate internal rate of return requirements from oil and gas reserves and economic forecasts
* Identify possible pitfalls in oil ad gas property appraisals
* Seek out production purchasing opportunities
* Predict if an oil operator will produce prudently in the long term
* Assess the level of operating risk related to a specific investment
* Arrive at an opinion in a merger transaction
* Adjust for minority position and illiquidity

COURSE CONTENT SUMMARY

  • Reserve Report Base (brief overview)
  • Income vs. Market Valuation Methods
  • Value per Proven Producing Barrels in the Ground
  • Cash Flow / Payback Calculations
  • Present Worth Flow Discounted by the Targeted Rate of Return
  • Discount Rate
  • Sensitivities to Inflation, Production Costs, Curtailment
  • Treatment of Risk: includes a brief overview of the Monte Carlo Method
  • ESG: Issues and Impacts
  • Motivation for Acquisitions/Divestitures, including Bolt-Ons
  • Current Case Histories with Appraisal Forms and Checklists
  • Field Examination and Due Diligence

PROGRAM HIGHLIGHTS:
* Real-World exercises, examples and practical applications
* Case studies and current events will be used to illustrate the application of the course materials
* Network, learn from, and share experiences and personal experiences with the other participants and the instructor in a virtual setting.

ACCREDITATION INFORMATION

  • 8 PDHs (Professional Development Hours)
  • .8 CEUs (Continuing Education Units)

No prerequisites for attendance.

COURSE INFORMATION:

FORMAT:
INSTRUCTOR-LED, LIVE, ONLINE FORMAT:
GOOGLEMEET
4 Hours of Live ONLINE Learning per day

DAILY SESSION TIMES:
Morning Session:
* 10:00 am – 12:00 pm (Central) and
Afternoon Session:
* 1:30 pm – 3:30 pm (Central)

NOTE: # of participants is LIMITED – enroll early!

You will receive a printed copy of the course workbook with exercises to use throughout the program.
Please have a calculator handy during the course.

COURSE DATE, FEES, DEADLINES:

October 18-19, 2022

* BEST DEAL DISCOUNT ($795/person) ends September 8, 2022
* EARLY BIRD DISCOUNT ($995/person) ends September 29, 2022
* Registration Fee after 9/29/22: $1,295/person

Last Day to Register: October 6, 2022

ENROLL NOW

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