Oil and Gas Economics and Uncertainty
Tuesday, January 24, 2012 at 8:00 AM - Wednesday, January 25, 2012 at 5:00 PM (MST)
Society of Petroleum Engineers
Continuing Education Short Course Offering
Oil and Gas Economics and Uncertainty
Instructor: Rodney Schulz, Consultant
Dates: Tuesday - Wednesday, January 24-25, 2012, 8:00 AM to 5:00 PM
Location: Brown Palace Hotel and Spa, 321 Seventeenth Street, Denver, Colorado 80202, phone: (303) 297-3111
1.6 CEUs (Continuing Education Units) will be awarded by SPE-Americas Office for this 2-day course.
This 2-day course will teach participants how to identify, evaluate, and quantify risk and uncertainty in every day oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The course also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Other topics include:
- Strength and weakness of traditional econcometric analysis methods
- The efficient market hypothesis and its application to oil and gas price forecasting
- Proven volatility/uncertainty reduction methods and tools for the operational side of business
- How to scientifically and statistically incorporate differing perspectives
- Ways to develop a revenue forecast that takes the uncertainties into account
- Portfolio design and management
- This course targets producers and operators with oilfield experience
This course will help you develop a better understanding of factors that could impact your daily economic decisions as well as establish a new set of applicable tools to use in your professional career.
Who Should Attend
The course is designed for engineers with interests in unconventional reservoir evaluation.This course is for professionals involved with economic evaluations, forecasting, and economic decisions in the upstream oil and gas business. This course targets producers and operators with oilfield experience.
About the Instructor
Rodney Schulz is formerly of ConocoPhillips, where he held a variety of engineering (primarily reservoir), finance and organizational efficiency positions throughout North America over a 15 year period. Since leaving ConocoPhillips in 2009 Schulz has served as an expert witness on oil and gas asset valuation for a federal bankruptcy court and a major international law firm. In addition to his oil and gas production experience Rod has also served as the financial director/CFO for an organization with 150 employees in six states. In 2003, while still with ConocoPhillips, he started Schulz Financial, a retail investment advisory company that now manages $7 million for 27 households/40 clients and boasts a 98% client retention ratio through a very difficult time for equity markets. Currently, Schulz is putting together several oil and gas field redevelopment deals in south Texas while continuing to grow Schulz Financial and Schulz Consulting.
Rod has a B.S. in petroleum engineering from the University of Kansas and an MBA from Duke University’s Fuqua School of Business. You can see his most recent publications, which will be referred to throughout the course.
The registration deadline is January 6, 2012. The registration fee is $1,399 for members and $1,599 for nonmembers and is fully refundable until that time. For more details, contact Darien O’Brien, P.E. at firstname.lastname@example.org or (303) 934-5979. Make your check payable to SPE Denver Section and mail to: Darien O’Brien, 1632 South Lamar Street, Lakewood, Colorado 80232-7038. Please include the course name, your FULL name (as you would like it to appear on the course completion certificate), SPE member number (if applicable), Title, Company, e-mail address, postal address, phone and fax number. You may also register and pay on-line at http://connect.spe.org/denver/home/.