Oil and Gas Acceleration
This course is a more-rigorous version of our Upstream Oil and Gas course. It eliminates the Structure of the Industry section and adds information on joint operations and gas gathering and processing. No prior experience is required, but the course is best suited for those with a deeper interest in commercial arrangements such as joint operating agreements and gas processing contracts.
Course Agenda
Timing: 8:00 AM -4:00 PM with 45 minutes for lunch.
- Oil and gas characteristics and uses (examine oil samples)
- Organic source
- Sedimentary rock basins and rock types important to oil and gas (examine with magnifiers)
- Porosity and permeability (physical demonstration)
- Unconventional shale and tight rock characteristics
- Oil and gas formation
- Oil and gas migration and traps (physical demonstration)
- Changes over geological time
- Total petroleum system
- Conventional vs. unconventional development
- Geological and geophysical methods/tools used by geoscientists
- Seismic acquisition
- Questions using electronic response cards
- Ownership of oil and gas rights in U.S. vs. rest of world
- Severance of mineral rights from surface rights
- Ownership of oil and gas production (Rule of Capture)
- State regulatory agencies and conservation laws
- Elements of an oil and gas lease
- Joint ownership and joint operating agreements
- Brief overview of federal leasing
- Questions using electronic response cards
- Well planning
- Wellsite preparation and rig mobilization
- Video segments (with downhole animations) explaining the structure and functions of a drilling rig and showing the step-by-step drilling of a horizontal well
- Video and animations showing hydraulic fracturing
- Well completion (flowback, tubing, packer and christmas tree)
- Brief overview of offshore drilling
- Questions using electronic response cards
- Optional instead of questions: Interactive exercise if group size is between 20-30
- Reservoir characteristics
- Exploration and development economics
- Well evaluation tools (wireline logs, production tests and well cores)
- Modeling, simulation and development considerations
- Conventional reservoir drive
- Artificial lift
- Example production site layout
- Production processing facilities
- Depletion stages and enhanced recovery
- Offshore production and platforms
- Oil and gas reserves
- Questions using electronic response cards
- Gas composition
- Gas measurement and sampling
- Pipeline quality standards
- Gas processing (animated tour of a gas processing plant)
- Gas gathering and processing contracts
- Value of NGL components
- Fractionators
- Questions using electronic response cards
- Course evaluations: copies of all evaluations provided to company