Evaluation of Canadian Oil and Gas Properties Reservoir Descriptions and Dynamics

Matthew J. O'Blenes, Peter C. Sidey, Cameron P. Six, Nora T. Stewart

Description

This comprehensive course is an introduction or refresher for the techniques of evaluating Canadian oil and gas properties, but the techniques used in this course also apply to oil and gas properties elsewhere in the world. There is ample opportunity to work problems in class. By the end of this course, participants will be able to evaluate an oil and gas property and interpret evaluations done by others.

Topics Include:

  • How to estimate oil and gas reserves and forecast production
  • Forms of ownership and the state royalty regimes in Western Canada
  • How to understand and categorize capital and operating costs
  • How to discount future cash flows and interpret profitability
  • How to check income tax calculations in evaluations
  • Using evaluations for investments, acquisitions and divestments
  • Understanding probability in estimating reserve

Learning Level

Introductory to Intermediate

Course Length

5 Days

Why You Should Attend

The material in the course is very practical, with many tips and insights in evaluating wells, groups of wells, properties and companies.

Who Should Attend

This course is for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the process and results of evaluating Canadian oil and gas properties.

CEUs

4.0 CEUs (Continuing Education Units) will be awarded for this 5-day course.

Cancellation
Policy

To receive a full refund, all cancellations must be received in writing no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. No transfers to other sessions of this course will be allowed after the 14-day window. Send cancellation or transfer requests by email to trainingcourses@spe.org; by fax to +1.866.460.3032 (US) or +1.972.852.9292 (outside US); or mail to SPE Registration, PO Box 833836, Richardson, TX 75083.

Instructors

Matthew J. O’Blenes, P.Eng., has been with Sproule Associates since 1997. He has a B.Sc. and M.Sc. in mechanical engineering. O’Blenes’ primary job responsibility is the evaluation of Canadian oil and gas properties, with an emphasis on natural gas properties, especially unconventional gas properties.

Peter C. Sidey, P.Eng., has been with Sproule Associates since 1997. He has a BSc in mechanical engineering from University of Calgary. Sidey’s primary job responsibility is the evaluation of Canadian oil and gas properties, with an emphasis on the application of probabilistic evaluation techniques.

Cameron P. Six, P.Eng., has been with Sproule Associates since 2004. He has a BSc in chemical engineering from the University of Calgary. Six’s primary job responsibility is the evaluation of Canadian oil and gas properties, with an emphasis on emerging trends.

Nora T. Stewart, P.Eng., has been with Sproule Associates since 1989. Stewart’s primary job responsibility is the evaluation of Canadian oil and gas properties, with an emphasis on the development of pricing models.