Economic Fundamentals of the Petroleum Industry - PEICE

Venue: Houston

Location: Houston, United States

Event Date/Time: Oct 11, 2011 End Date/Time: Oct 14, 2011
Registration Date: Oct 11, 2011
Early Registration Date: Oct 11, 2011
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Course Information:


This 4-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. While not required, a laptop with EXCEL or similar spreadsheet software is useful to fully participate in the class.

A complete set of course materials and lunches are included.


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

Instructor(s): Gerald Henderson

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.

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Additional Information

Delivery Method: Classroom Training
Fee: $ 2595 USD
Location Houston, TX
CEU: 3.2 Continuing Education Units
PDH: 32 Professional Development Hours

Sessions: Date Start Time - End Time
1. Tuesday, October 11, 2011 8:30 AM - 4:30 PM
2. Wednesday, October 12, 2011 8:30 AM - 4:30 PM
3. Thursday, October 13, 2011 8:30 AM - 4:30 PM
4. Friday, October 14, 2011 8:30 AM - 4:30 PM