N603 - Fundamentals of Oil and Gas Property Acquisition and Finance

Quick Facts for this Event
Date: Mar 06 - 08, 2019
Length: 3 days (8:30 AM - 4:30 PM)
Location: Houston, TX
Delivery Method: Classroom Training
CEU: 2.4 Continuing Education Units
PDH: 24 Professional Development Hours
Certificate: Certificate Issued Upon Completion
Fee: $ 2,925 USD
 
All Dates for this Course
8-May-19 Calgary (3 days)$ 2,375 CAD
25-Sep-19 Calgary (3 days)$ 2,375 CAD
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Course Description 
This three-day course is designed for industry professionals requiring an understanding of the unique aspects of oil and gas property transactions. The course will focus on the skills required in evaluation (both buy-side and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity. The course will include a real-world acquisition case which will examine undeveloped reserves, pipeline facilities, and competitive bidding. Divided into teams, participants will analyze the transaction, competitively bid to acquire the property, arrange financing, and plan to exploit the property post-closing. The case considers both an asset and corporate shares acquisition with pre- and after-tax cash flow analysis. Spreadsheet modeling and risk simulation of the transaction are included. Participants will gain an appreciation for those unique and specialized aspects of energy transactions as well as the nuances for forecasting product price, cost, and capital availability in successful business development. Participants are required to bring a laptop, loaded with Microsoft Excel, to the course.

Participants will learn to:
•	Describe the unique aspects of oil and gas acquisitions.
•	Evaluate an asset financially.
•	Analyze the need for due diligence.
•	Determine reserves. 
•	Describe structured finance.
•	Apply competitive bid theory.
•	Generate basic economic valuations.
•	Examine joint venture structures.
•	Generate simple cash flow analyses.
•	Understand the difference between value and price.
•	Acquire rationale for choosing a particular acquisition with regard to a selection process with several alternatives.

A complete set of course materials and lunches are included.
Course Syllabus
Download course syllabus
Course Outline
  • Introduction to Oil and Gas Transactions
  • Review of Cash Flow Analysis
  • Unique Aspects of Oil/Gas Acquisitions
  • Reserves and Cost Forecasting
  • Pipeline Operation
  • Environmental Considerations in Acquisition
  • Structured Finance and Hedge Strategies
  • Competitive Bid Theory
  • Project Capital Scheduling
  • Expected Value and Simulation of Forecasts
  • Management Presentation Preparation

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Instructor

Gerald Henderson earned a B. S. and M. S. degree in Petroleum Engineering and has over 30 years experience as reservoir engineer, investor, producing property and facility owner, operator and CEO and founder of independent oil and gas companies. He worked extensively in development of producing property appraisal software and analysis methods, technology to apply statistical analysis of exploration and well log data and published extensively in reservoir simulation development. Gerald has also acted as energy advisor to private banking and insurance investment companies.

Training Venue

To avoid potential course disruptions caused by the attendance of unconfirmed registrants, the training venue address will ONLY be provided to registrants upon receipt of payment (via an email confirmation note).

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Participant Evaluations
Average participant rating 4.5 out of 5 stars
39 participant evaluations
Excellent
 
18
Very Good
 
17
Good
 
4
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All course reviews are unedited.
November 15, 2018, Reservoir Engineer, Houston
Excellent course reviewing all critical components of A&D supplemented with many examples from industry. Instructor provided a wealth of information through his many years working on both sides of transactions. Would strongly recommend this course to anyone in a business development group/function regardless of discipline.
October 31, 2016, VP Land, Calgary
Gerald is really good at this. Great lectures and amazing experiences. He is worth the price of admission. I just wish there was more focus on the evaluations and finance components. Working one up from the ground up together.
November 1, 2016, President, Calgary
I enjoyed the overall course, and found the case studies and problems informative but would like to see more Canadian content.
April 13, 2015, Vice President, Calgary
Jerry's breadth and depth of knowledge and willingness to share his opinions made this course a stand-out - much better than what I expected going in. It is not a class for academics but one for pragmatists, individuals who want tools to get the job done. Notably, this is NOT a reserves estimation course and NOT an economic valuation course. I would recommend this course to anyone interested in A&D but ideally they should bring a background in reserves and economics to the course.
February 21, 2015, Self, Houston
Extremely satisfied with this course; the quality of this class you won't even find at top tier business schools.
February 26, 2015, Chief Economist, Houston
Three intensive days with an industry insider. Provides examples and real-life cases to support theories and standard models.
March 3, 2015, Mgr/Federal Regulatory Affairs, Houston
There was a lot of information covered and all of it was valuable to me.
November 12, 2014, Treasury Analyst, Houston
Covered a broad range of O&G acquisition topics in a limited amount of time. Instructor openly discussed and analyzed each topic with direct insight from years of experience. Very satisfied overall.
September 29, 2014, Analyst, Calgary
Very good overview of M&A process and theories. Case studies are interesting and instructor has a lot of great insight into the subject matter.
April 14, 2014, Staff Reservoir Engineer, Houston
I was satisfied with the course
March 14, 2014, VP CRM, Calgary
Very Helpful. I usually see the end result of all this work. It was good to gain a better understanding of the work that goes into developing the business cases.