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Business School, University of Colorado Denver

Course Overview

Course Overview

NCBE 801: Lifecycle of Oil and Natural Gas Certificate

Thursdays, 6:30—9:30 pm, Room 3300 at the CU Denver Business School

Class 1 - September 11, 2014
  • Introduction to certificate program and overview of course requirements. Finding oil and natural gas - introduction to geology, reservoir characteristics, exploration, seismic survey, sample well logs, maps and hydraulic fracturing.
Class 2 - September 18, 2014
  • Land and land administration - types of ownership, leasing, contractual frameworks, split estate, role of the landman, negotiating royalty interest, management of assets and contracts, payment of burdens and lease administration. Managing risks and opportunities - geopolitical, environmental and sustainability issues, industry best practices, regulatory bodies, challenges and opportunities
Class 3 - September 25, 2014
  • Extracting oil and natural gas - drilling and production, types of rigs and equipment used, drilling procedures, well completions and directional/horizontal drilling. Refining crude oil and gas processing treatment, storage and transportation - pipeline and distribution networks, LNG, CNG, LPG.
Class 4 - October 2, 2014
  • Financing basics - joint ventures, farm outs, royalties and taxes. Markets and trading - buying and selling, hedging, margins, benchmark prices, wholesale vs. retail, trading and commodity exchange.
Class 5 – October 9, 2014
  • Regulatory/Environmental Health and Safety – how the oil and gas industry is regulated, reporting requirements, environmental concerns, health and safety issues. Development of a basin; history of how a play develops over time, look at geology, spacing, drilling issues, etc.
Class 6 - October 16, 2014
  • 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.
Class 7- TBD
  • Well site tour of a working drilling rig. Safety instruction and lunch provided.
    For further information please contact Sarah Derdowski, 303.315.8065
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