Oil and Gas Industry Primer

Oil and Gas Industry Primer

Developed for individuals with an interest in the oil and gas industry and intended to help accountants, lawyers and others to better understand the Petroleum business. This Oil and Gas primer provides an overview of Petroleum history, geology, and upstream operations and their associated terminology. It aims at introducing fundamental concepts and data that help understand Oil & Gas Exploration and Production (E&P) holistically and provide a common conceptual framework for individuals new to the industry or wanting to expand or build on their current Petroleum knowledge.

Course Content

This course covers the following topics:

History of Oil and Gas

  • Early Drilling
  • Technology
  • OPEC & International  

 

Modern Hydrocarbon Extraction Industry Organization

  • Types of Upstream Oil & Gas Companies  

 

Upstream, Midstream, and Downstream Companies and Product Users

  • Functions
  • Operations
  • Processes
  • Users  

 

Geology

  • Rock Properties
  • Hydrocarbons
  • Rocks and Hydrocarbons  

 

Petroleum Formation  

  • Reservoir Traps
  • Oil & Gas Fields

 

Securing the Minerals  

  • What is a Landman?
  • Minerals & Ownership
  • History of Landman & Leasing
  • Terminology

 

Land Departments  

  • Landman Responsibilities
  • Division Orders
  • Lease Analysts
  • Your Relationship

 

Joint Ventures  

  • Reasons for Joint Ventures
  • Joint Interest Billing
  • Audits  

 

Learning Objectives

Upon completion of this course, you will be able to:

  1. Summarize the history of oil and gas exploration
  2. Describe the function and process of Petroleum companies
  3. Recall different types of Petroleum products and product users
  4. Distinguish how Landmen broker leases and land purchases
  5. Summarize and breakdown the drilling process and operations
  6. Differentiate and discuss how wells are completed
  7. Differentiate between the various production activities
  8. Construct and explain the transportation and sales processes

 

 

Program Level: Basic        CPE Credits: 16 hours      Delivery: Group-Live       Prerequisites: None

Advance Prep: None         Field of Study: Specialized kowledge

Cost: See pricing on registration opportunities, and for custom private courses contact Angie.Knipe@copas.org