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.


  • 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.


3.6 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.


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.

Barry Hanson, P.Eng.,is a Senior Petroleum Engineer with over thirty-five (35) of multifaceted technical and operational management experience with exploration and production companies, including reserves evaluation and reporting, facility design and construction projects, drilling program design and management, with an emphasis on type curve analyses for Canadian and US unconventional assets. Barry has extensive project experience in Europe, the United States (including the Eagleford and Marcellus shale plays), Azerbaijan, Bolivia, Brazil, Colombia, East Timor, Indonesia, Iraq, Malaysia, Myanmar, New Zealand, Nigeria, North Sea (Norway, U.K.), Peru, Turkmenistan, Vietnam and the United Kingdom onshore. 

Barry has been teaching with Sproule Training since 2017 and has a B.Sc. in Chemical Engineering from the University of Saskatchewan.

Liam O’Brien, P.Eng., is a Petroleum Engineer with several years of reserve and resource evaluation experience at Sproule. He also drives the Strategic insights team and spearheads Sproule’s monthly commodity price forecast reports and other special market reports. Liam has been teaching with Sproule Training since 2017 and has a B.Sc. in Mechanical 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.

Jeffrey (Jeff) Aldrich is a Senior Geoscientist with Sproule, a global energy consulting and advisory firm. He has over thirty- five (35) years of global oil and gas experience working from frontier exploration through appraisal and large development projects. His expertise is in unconventional reservoirs, prospect evaluation, reserve determinations and multi-discipline and multi-culture team dynamics.

He has a BS in Geology from Vanderbilt University and an MS in Geology from Texas A&M University. He is an active member in the AAPG, SPE, RMAG, DWLS, DIPS and is a Certified Petroleum Geologist (#3791) and a licensed professional in Texas and Louisiana. He is author or co-author of over 30 papers and/or technical presentations.

Dr. John Seidle is a Senior Reservoir Engineer with Sproule, a global energy consulting and advisory firm and has forty (40) years' experience in unconventional reservoirs. His conventional and unconventional reservoir experience includes exploration, development, production optimization, and enhanced recovery projects in the USA, Canada, Australia, India, Poland, South Africa, Colombia, Turkey, United Kingdom, Mexico, China, Kazakhstan, and Mongolia. Dr. Seidle’s unconventional reservoir experience includes estimation of Reserves and Resources, economic evaluations for investors and A&D transactions, and expert witness testimony for litigation and regulatory agencies.  

He has taught industry classes for over a decade and co-authored thirty (30) technical papers. John is a Registered Professional Engineer in Colorado, Oklahoma, and Wyoming and a member of SPE, SPEE, and AAPG. He received a PhD in Mechanical Engineering from the University of Colorado.

Stanley Kleinsteiber is a Senior Petroleum Engineer with Sproule, a global energy consulting and advisory firm. Mr. Kleinsteiber has over forty-two (42) years of petroleum engineering experience and has authored or co-authored papers dealing with CO2 flooding for enhanced oil recovery, rate transient analysis in low permeability reservoirs, and depletion of a rich gas condensate reservoir by nitrogen injection. 

Since joining Sproule, he has managed and participated in reservoir projects around the world, including Algeria, Australia, Belize, Canada, Hungary, Indonesia, Poland, Romania, Tunisia, and the United States.  Mr. Kleinsteiber received a BS in petroleum engineering with highest honors from the University of Oklahoma in 1978 and is a Registered Professional Engineer in Colorado and Wyoming.