Evaluation of Canadian Oil and Gas Properties
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.
- 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
Introductory to Intermediate
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.
4.0 CEUs (Continuing Education Units) will be awarded for this 5-day course.
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 firstname.lastname@example.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.
Matthew J. O’Blenes, P.Eng., has been with Sproule Academy Corporation, a Division of Sproule Associates Limited since 1997. He has a BSc and MS 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 Academy Corporation, a Division of Sproule Associates Limited 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 Academy Corporation, a Division of Sproule Associates Limited since 2004 and is currently senior vice president of Sproule’s Unconventional Group. Six is focused on evaluating unconventional oil and gas assets both in Canada and internationally. He has a BS in chemical engineering from the University of Calgary.
Miles Hughes, P.Eng., has been a Sproule professional since 2014. He has over four years’ experience in Corporate Planning, predominantly at a large Canadian multinational and eight years’ experience as an exploitation and production engineer.
Larry Osaka, P.Eng.,has been a Sproule professional since 2014. Larry has over 35 years’ experience in the upstream oil and gas industry within the Western Canadian Sedimentary Basin and roughly 10 years’ field experience in production operations, drilling, completions, and facilities construction.
Hayley Silberg, P.Geo., is a Petroleum Geoscientist / Geomodeller and Associate with 5 years of industry experience. Silberg has been a geoscientist with Sproule since 2011. She performs seismic interpretation, seismic attribute mapping, geostatistical analysis, 3D reservoir modelling, and uncertainty modelling, as well as teaching with the Sproule Academy.
Jordan Magidson, HBA, has been a Sproule professional since 2014. He supports the identification of business development opportunities and review and execution of corporate development initiatives. Magidson updates and sources data in support of Sproule's monthly price forecast and assists with formulating views on the direction of oil and gas commodity prices.
Keith Carr, Independent Training Consultant, has spent three decades in the oil and gas industry and has been sharing his knowledge and enthusiasm with students for several years. Carr’s experience spans many of the technical disciplines including drilling, completion, production engineering and facilities in both conventional and unconventional resources.