Understanding Petroleum Economics - Apr. 20, 2023

Includes a Live Web Event on 04/20/2023 at 8:30 AM (CDT)

  • Register
    • Early bird pricing available!
    • Non-member - $300
    • Member - $200
    • Student - Free!
    • Regular Price after 04/06/2023 12:59 AM
    • Non-member - $375
    • Member - $250
    • Student - Free!

Course Description:

An engineer explains the creation and use of cash flows in the oil business. The course explains both the concepts and the methods for the inputs:

• Engineering the volume forecast

• Predicting future prices

• Calculating netback prices

• Estimating operating and capital costs

And it addresses the use of the cash flows for various strategies and situations:

• Determining value, making an investment decision

• Assessing risk

• Building a strategy and a portfolio

At the end of the day, participants should have a functional understanding of each of

the dynamics that affect cash flow and an appreciation for their quantification.

Course Topics:

-  Understanding Strategic Content

-  Forecasting Volumes

- Predicting Prices

- Calculating Costs

- Interpreting a Cash Flow

- Treating Risk

Dwayne Purvis, P.E.

Petroleum Engineer, Founder & Principal Consultant

Dwayne Purvis, P.E.

Dwayne Purvis, P.E. offers consulting and advisory services for the oil and gas industry, building on two and a half decades in reservoir engineering and executive leadership as a consultant and operator.  From engineering studies and reserve reports to strategic decision-making, Mr. Purvis helps operators and investors with reliable analysis for prudent decisions. 

He has led or participated in hundreds of engineering studies over dozens of basins in the United States and abroad and advised on tactical and strategic decisions large and small.  Mr. Purvis frequently speaks and writes on issues of shale reservoirs, the energy transition, commodity prices, decline curve analysis, and risk analysis. 

He is a registered professional engineer in the state of Texas, a member of SPEE, AAPG, SEG, SIPES, and an active, 25-year member of SPE. 


Understanding Petroleum Economics - Webinar
04/20/2023 at 8:30 AM (CDT)  |  510 minutes
04/20/2023 at 8:30 AM (CDT)  |  510 minutes There will be no recording available after the webinar. -------------------------------------- 7 CEUs, including 1 Ethics
Understanding Petroleum Economics - Survey
5 Questions
5 Questions Complete the survey to view certificate.
Understanding Petroleum Economics - Certificate
Live Viewing: 6.00 CEU credits and certificate available
Live Viewing: 6.00 CEU credits and certificate available
Understanding Petroleum Economics - Ethics Certificate
Live Viewing: 1.00 CEUEthics credit and certificate available
Live Viewing: 1.00 CEUEthics credit and certificate available