Oil and Gas Boot Camp™️
This intensive course covers upstream and midstream in greater depth, plus downstream (crude oil refining and oil and gas marketing). Participants in this course need to have eagerness to learn and the ability to focus.
Course Agenda
Timing: 8:00 AM -4:00 PM with 45 minutes for lunch (2 days).
Day 3: 8:00 AM – 12:00 PM
- Oil and gas characteristics and uses (examine oil samples)
- Historical background
- Sectors of the industry
- Industry participants
- World oil and gas markets
- U.S. unconventional activities
- Questions using electronic response cards
- 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
- Mapping
- Exploration decision factors
- Video showing the geological aspects of an oil and gas project
- Questions using electronic response cards
- Ownership of oil and gas rights in U.S. vs. rest of world
- S. land survey systems and relevance to oil and gas
- S. ownership distribution (private, federal, state, Indian and private)
- Severance of mineral rights from surface rights
- Ownership of oil and gas production (Rule of Capture)
- State regulatory agencies and conservation laws
- Vertical and horizontal well spacing examples
- Elements of an oil and gas lease
- Joint ownership
- Pooling and unitization
- Example of an Eagle Ford horizontal drilling project from original land grants to modern-day horizontal drilling unit
- Onshore and offshore federal leasing
- Overview of international contract types
- Example of production sharing agreement mechanics
- 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)
- Advanced methods (microseismic, batch drilling, rig skidding/walking, and zipper fracs)
- Overview of offshore drilling
- Animations showing deepwater drilling process
- Questions using electronic response cards
- Optional instead of questions: Interactive exercise if group size is between 20-30
- Reservoir characteristics
- Exploration and development economics
- Post-drilling costs required to complete a well and establish production
- 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
- Digital oilfield – data capture and SCADA
- Example oil and gas production flow from wellhead to market
- Comingling and well tests
- Depletion stages and enhanced recovery
- Well workovers
- Offshore production and platforms
- Oil and gas reserves
- Video of a major onshore development project
- Video of an offshore platform installation
- Questions using electronic response cards
- Reasons for joint operations
- Model-form joint operating agreements
- Review of key provisions in the AAPL model form JOA (Copy of model form JOA included)
- Operator duties, partner approvals and AFEs
- JOA accounting procedure (Copy of COPAS model form accounting procedure included)
- Direct costs, operator overheads and joint interest bills (JIBs)
- JV Auditing process
- Unitization for conventional projects (such as a waterflood)
- Questions using electronic response cards
- Gas composition
- Pipeline quality standards
- Gas processing (animated tour of a gas processing plant)
- Gas gathering and processing contracts
- Value of NGL components
- Fractionators
- Liquefied natural gas (LNG) purpose, liquefaction, shipping and regasification
- Major LNG flows (exporting and importing nations)
- LNG developments in the U.S.
- LNG prices around the globe
- Questions using electronic response cards
- Oil measurement
- Standard volume conditions (60°F net of BS&W)
- Gravity and gravity adjustment to standard temperature
- Tank sale method using strapping table
- Tank sale procedures (demo using thief, thermometer, plumb bob and gauging tape)
- Sample gravity and BS&W analysis (demo using thermohydrometer)
- Run ticket and volume calculation
- LACT meter sale method and meter ticket
- Gas measurement
- Standard volume conditions (60°F)
- Information needed for gas measurement
- Orifice meters
- Gas sampling and Btu value
- Transportation
- Example of production-to-market infrastructure
- Oil and gas transportation methods
- PVideo showing stages of pipeline construction
- Pipeline operation and SCADA
- Pipeline transportation arrangements
- North American crude oil pipeline network
- Cushing and WTI
- Locations of refineries, product pipelines and product terminals
- Gulf of Mexico offshore pipeline network
- Crude oil tankers
- Crude by rail
- S. gas pipeline network and Henry Hub
- Locations of gas processing plants and storage facilities
- Oil Marketing
- Market participants
- World crude oil sources and characteristics
- Spot markets, posted prices and futures markets
- Use of pricing benchmarks and differentials
- Brief discussion of hedging and speculation
- Gas marketing
- Market participants
- Spot and futures markets
- Bid week and transaction terms
- Questions using electronic response cards
- Unique characteristics of each crude oil source
- Major world crude oil sources
- Crude oil assays
- Major refining locations
- Refinery process overview and resulting refined products
- Crude distillation (sorting molecules into cuts/ranges)
- Cracking and coking (breaking large molecules into higher-value smaller molecules)
- Reforming and isomerization (improving gasoline components)
- Alkylation (combining gases into liquids)
- Treating (sulfur removal)
- Gasoline blending
- Ethanol requirements
- Gasoline and diesel taxes
- Distribution and marketing
- Questions using electronic response cards
- Course evaluations: copies of all evaluations provided to company