INSTRUCTOR-LED, LIVE, VIRTUAL FORMAT | Daily Morning & Afternoon Sessions
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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 and 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
PROGRAM HIGHLIGHTS: ACCREDITATION INFORMATION
No prerequisites for attendance. |
COURSE INFORMATION:FORMAT: DAILY AM & PM SESSION TIMES: NOTE: # of participants is LIMITED – enroll early! You will receive a printed copy of the course workbook with exercises to use throughout the program. COURSE DATE, FEES, DEADLINES: April 23-24, 2024* BEST DEAL DISCOUNT ($895/person) | ends March 5, 2024 Last Day to Register: April 15, 2024 |
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