PetE 484
Oil and Gas Property Evaluation
Description
Principles of property evaluation as a function of resource type, economics, technology, risk, and policies. Investment decision making tools. Cost information for petroleum exploration, drilling, production and development. Case studies on conventional and unconventional resources. Canadian and international oil and gas regulations. International and regional factors impacting oil and gas prices.Corequisite: ENG M 310 or 401 or equivalent.
Learning Outcomes
Describe the principles of property evaluation as a function of resource type, economics, technology, risk, policies and markets and how these factors may influence producer choices for property acquisition or disposition, prioritizing projects by economic criteria to add the greatest value to shareholders and considering risk, policy, technological change, environmental and other factors.Use economic tools to rank and evaluate potential oil and gas investments to determine economic sensitivities, major economic drivers and potential mitigation options.
Demonstrate proficiency in preparing cash flows and calculating present values for projects of increasing complexity.
Contrast the relative impacts of Canadian and international oil and gas policies, regulations and royalty regimes and market forces, on the value of an upstream property.
Articulate the technical, international and regional trade and geopolitical factors impacting oil and gas prices.
Assess the potential impacts of potential technology changes to the value of oil and gas assets.
Recall and explain the wide range of risks which may impact the value of an asset and how those risks might be mitigated.
As part of open-ended team projects, conduct high level evaluations of specific assets in specific geographic regions for assets in either: Conventional Oil, Conventional Gas, In-situ Oilsands, Unconventional Hydrocarbons, Offshore developments, or International Operation/Developments , which will require them, in some cases, to locate and infer capital and operating cost information on various types of oil and gas assets; and/or assess the productivity and revenue generated from assets assigned for team projects; and/or assess the characteristics and impacts of a technology on specific assets; and/or assess the impact of policy (government, mineral rights owner and company) of specific projects; and/or assess risks associated with assigned projects and how those risks might be mitigated; and/or, assess how behaviour of commodity markets and transportation infrastructure impact projects.
As part of an individual project, research business and development objectives for a range of oil and gas producers and assess them against knowledge of the industry, historical trends and perform a SWOT analysis of the company assigned.
Participate actively in open-ended in class discussions of emerging or recently announced changes in the oil and gas industry, locally, regionally and internationally which may impact the value of oil and gas assets of various types.
Learn basic principles of team formation, functioning of teams and team self-appraisals. May be part of another course but is required
| Lecture | Seminar | Lab | Credits | Total AU |
|---|---|---|---|---|
| 3 | 0/1 | 0/1 | 3 | 37.8 |
| M % | NS % | CS % | ES % | ED % |
|---|---|---|---|---|
| 0 | 0 | 62 | 0 | 38 |
None defined
- Design
- Communication skills
- Economics and project management
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Undergraduate Program(s)
| 2024/2025 - Fall - Pete-coop - Year 5 |
| 2024/2025 - Fall - Pete - Year 4 |
| 2023/2024 - Fall - Pete-coop - Year 5 |
| 2023/2024 - Fall - Pete - Year 4 |
| 2022/2023 - Fall - Pete-coop - Year 5 |
| 2022/2023 - Fall - Pete - Year 4 |
| 2021/2022 - Fall - Pete-coop - Year 5 |
| 2021/2022 - Fall - Pete - Year 4 |
| 2020/2021 - Fall - Pete-coop - Year 5 |
| 2020/2021 - Fall - Pete - Year 4 |
| 2019/2020 - Fall - Pete-coop - Year 5 |
| 2019/2020 - Fall - Pete - Year 4 |
Sections & Respective Instructors
| A1 - 2024/2025 - Fall - Nobuo Maeda |
| A1 - 2023/2024 - Fall - Nobuo Maeda |
| A1 - 2022/2023 - Fall - Nobuo Maeda |
| A1 - 2021/2022 - Fall - Nobuo Maeda |
| A1 - 2020/2021 - Fall - Bruce Peachey |
| A1 - 2019/2020 - Fall - Bruce Peachey |