Economic Fundamentals of the Petroleum Industry, Houston, November 4-6, 2013

Venue: Houston - Westchase

Location: Houston, Texas, United States

Event Date/Time: Nov 04, 2013 / 8:30 am - (CST) End Date/Time: Nov 06, 2013 / 4:30 pm - (CST)
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Description

This 3-day course offers an opportunity for petroleum industry employees and its related governmental, financial, legal and services industries to gain an understanding of the unique economic principles that drive the "oil business" to success in the 21st century.  The course begins with presentation of basic economic theory  and develops the application of these to financing, finding, development, transportation and marketing of energy resources.  The impact of these applications on the success and failure of the firm is then considered.  The sessions will always use examples with real and experience  situations and will further, whenever possible, use the case method of instruction allowing all to participate in  group discussion and learning.  Participants are required to bring a laptop, loaded with Microsoft Excel, to the course.  

A complete set of course materials and lunches are included.  

Course Outline

  • Basic Economic Concepts in the Petroleum Industry
  • Cash Flow and Profit Analysis Techniques
  • Perform Basic Economic and Financial Calculations
  • Marginal and Total Cost Analysis
  • World Energy Economics
  • Competing Fuel Analysis
  • Theory of the Firm in the Petroleum Sector
  • Depreciation and Cost Resource Pools
  • Company Financing
  • Joint Ventures
  • Sunk Cost Analysis
  • Fixed and Variable Costs
  • Principles of Discounting
  • Cost of Capital
  • Portfolio Management in the Petroleum Industry

Date: Nov 04 - 06, 2013

Length: 3 days (8:30 AM - 4:30 PM)

Location: Houston, TX

Delivery Method: Classroom Training    

CEU: 2.4 Continuing Education Units

PDH: 24 Professional Development Hours

Certificate: Certificate Issued Upon Completion

Fee: $ 2,695.00 USD

 

Venue

Houston - Westchase
Houston
Texas
United States
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Conference Speakers

Gerald Henderson earned a B. S. and M. S. degree in Petroleum Engineering and has over 30 years experience as reservoir engineer, investor, producing property and facility owner, operator and CEO and founder of independent oil and gas companies. He worked extensively in development of producing property appraisal software and analysis methods, technology to apply statistical analysis of exploration and well log data and published extensively in reservoir simulation development. Gerald has also acted as energy advisor to private banking and insurance investment companies.