Upstream and Midstream Oil and Gas
This course includes the content of our Upstream Oil and Gas course plus the midstream topics of gas gathering and processing and oil and gas measurement and transportation. Also includes a discussion of upstream joint operating agreements.
Course Agenda
Timing: 8:00 AM -4:00 PM with 45 minutes for lunch (both days).
- Oil and gas characteristics and uses (examine oil samples)
- 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
- Exploration decision factors
- Questions using electronic response cards
- Ownership of oil and gas rights in U.S. vs. rest of world
- U.S. land survey systems and relevance to oil and gas
- U.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
- 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)
- Advanced methods (microseismic, batch drilling, rig skidding/walking, and zipper fracs)
- 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
- 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
- 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
- Pipelines (construction, 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
- U.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
- Course evaluations: copies of all evaluations provided to company