Oil and Gas Economics and Uncertainty


Management and Information

Description

This course will teach participants how to identify, evaluate, and quantify risk and uncertainty in every day oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The course also briefly reviews statistics, the relationship between risk and return, and hedging and future markets.

Topics Include:

  • Strength and weakness of traditional econometric analysis methods
  • The efficient market hypothesis and its application to oil and gas price forecasting
  • Proven volatility/uncertainty reduction methods and tools for the operational side of business
  • How to scientifically and statistically incorporate differing perspectives
  • Ways to develop a revenue forecast that takes the uncertainties into account
  • Portfolio design and management

Learning Level

Intermediate

Course Length

2 Days

Why Attend?

This course will help you develop a better understanding of factors that could impact your daily economic decisions as well as establish a new set of applicable tools to use in your professional career.

Who Should Attend

This course is for professionals involved with economic evaluations, forecasting, and economic decisions in the upstream oil and gas business. It targets producers and operators with oilfield experience.

Special Requirements

Students must bring laptops to class.

CEUs

1.6 CEUs (Continuing Education Units) are awarded for this 2-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. Send cancellation 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.

Instructor

Rodney Schulz is formerly from ConocoPhillips where he held a variety of engineering (primarily reservoir), finance, and organizational efficiency positions throughout North America over 15 years. Since leaving ConocoPhillips in 2009, Schulz has served as an expert witness on oil and gas asset valuation for a federal bankruptcy court and a major international law firm In addition to his oil and gas production experience. He has also served as the financial director/CFO for an organization with 150 employees in six states. In 2003, while still with ConocoPhillips, he started Schulz Financial, a retail investment advisory company that now manages $7 million for 27 households/40 clients and boasts a 98% client retention ratio through a very difficult time for equity markets. Currently, Schulz is putting together several oil and gas field redevelopment deals in south Texas while continuing to grow Schulz Financial and Schulz Consulting.

Schulz has a BS in petroleum engineering from the University of Kansas and an MBA from Duke University’s Fuqua School of Business.