NCBE 801: Lifecycle of Oil and Natural Gas Certificate
Wednesday, September 14 to Friday, September 15, 2016
7:30 am to 6:00 pm
1250 Lawrence St.
Executive MBA Suite (1st Floor)
Denver, CO 80202
- Provides an introduction to geology and addresses reservoir characteristics, exploration, seismic survey, sample well logs, maps and hydraulic fracturing. Discusses oil and gas play concepts as well as the role of the geologist.
Land Management and Finance
- Review of the critical role of land management in the oil and gas sector, including: types of ownership, leasing, contractual frameworks, split estate, negotiating royalty interest, management of assets and contracts, payment of burdens and lease administration. Study of joint ventures, farm-outs, and royalties and taxes.
- Covers the basics of how an oil and gas well is drilled, completed and produced. Provides a deeper study of hydraulic fracturing processes; discusses topics such as groundwater protection and reviews rig components, equipment used and well completions. Provides an overview of refining crude oil and gas processing treatment, storage and transportation. This includes pipeline and distribution networks as well as LNG, CNG, LPG.
Marketing, Trading and Geopolitics
- Dives into the differences between natural gas and crude oil marking. Includes a market overview as well as a study of key concepts such as: hedging, margins, benchmark prices, wholesale vs. retail, trading and commodity exchange. Addresses the regional, national and international issues that affect oil and gas production as well as the market trends. Discusses managing risks in these environments and the implications to a company’s bottom line.
Environmental, Health and Safety
- Studies how the oil and gas industry is regulated, reporting requirements, environmental concerns, and health and safety issues. In also covers development of a basin; history of how a play develops over time, look at geology, spacing, drilling issues, etc.
- Students form teams and engage in a classroom activity designed to replicate steps taken by oil and gas production companies to find and develop oil or natural gas. Each team will start with a bank, prepare their investment strategy, lease land, acquire permits and geology reports, drill and produce. Students must draw on knowledge gained from previous classes, as well as face challenges such as permit delays, environmental hazards, and drilling dry holes. Teams will be evaluated based on level of production and return on investment.
Optional Rig Tour — Friday, September 16, 2016