Evaluation of Canadian Oil and Gas Properties
Disciplines: Reservoir
Course 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:
- 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 Attend
The material in the course is very practical, with many tips and insights in evaluating wells, groups of wells, properties and companies.
Who Attends
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) are awarded for this 5-day course.
Cancellation Policy
All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14-day window will not be refunded. Refunds will not be given due to no show situations.
Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.
SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.
We reserve the right to substitute course instructors as necessary.
Instructors
Cameron P. Six, P.Eng.,held several management positions in Sproule for over 16 years including being Sproule's President and CEO. His experience includes reserve and contingent resource evaluations, acquisitions, divestitures, security commission reports, reserve audits, and international property evaluations. Cam has provided expert witness testimony across the globe as well as support to legal teams for litigation purposes.
Cam has also held various technical and management positions with Mobil Oil Canada and ExxonMobil Canada. He has been teaching since 2004, and has a B.Sc. in Chemical Engineering from the University of Calgary.
Tamara Warren, P.Eng., is a Petroleum Engineer with four years of reserve and resource evaluation experience at Sproule with a focus on Western Canadian Sedimentary Basin assets. Tamara has been teaching with Sproule Training since 2017 and has a B.Sc. in Chemical Engineering from the University of Calgary.