Home What We Offer My CESE Training Calendar In-Company Training About CESE Instructors Register Now


Seminars/Programs Detail

Basics of Petroleum Economics
Instructor: Mark Kaiser
Request in company quote
2016 brochure - coming soon!
View Course Brochure (PDF Format)

NOTICE:  We are currently updating our website. Unfortunately, online registration is unavailable during this process. To sign up for this course, please contact our office at Email:  cese@utulsa.edu or Call:  918-631-3088.  Thank you for your patience while we create a better website for you!

Economics is the primary link between decision making and profitable operations and it is one of the four pillars of the oil and gas industry (the other three being geology, engineering, and probability/statistics).


The purpose of this seminar is to introduce you to the economic concepts, strategies, and basic tools utilized in the oil and gas industry.  Knowing these will assist you in making better decisions and understand the tradeoffs and risks associated with making these decisions.


The scope of this program covers the entire life cycle from exploration through decommissioning.

Economics will be used as a conceptual tool to facilitate your understanding.  The instructor’s approach is applied, practical and broad, providing you with the background necessary to tackle and understand a variety of problems. 

  • Entry- and Mid-Level Managers
  •  Landmen
  •  Accountants
  • Bankers
  • Project Managers
  • Production Engineers
  • Financial Analysts
  •  Geologists
  • Reservoir Engineers
  • Regulators
  • Policy Analysts
  • Petroleum industry personnel who would like to develop or increase their knowledge in basic economic analysis, cost estimation, and profitability assessment

During this two-day seminar, you will…

  • Learn how to organize and frame economic problems in the oil and gas industry
  • Apply and compute basic economic criteria
  • Build and evaluate cash flows  
  • Increase your knowledge in basic petroleum economic analysis, cost estimation, and profitability
  • assessment
  • Understand the differences in risk and return of conventional and unconventional assets
  • Recognize and use basic units, conversions, and classification systems common in the industry.



  • Understand the essential elements of how cash flow components are estimated using real-life examples
  • Economic criteria for screening and ranking projects
  • Field development profiles and cash flow streams
  • Case studies and current events will be used to illustrate the application of the course material


Course Summary

  • Economic Criteria
  • Development Economics
  • Property Valuation
  • Production Economics
  • Ty[e Curve Economics
  • Reserves
  • Oil & Gas Prices
  • Cost Estimation
  • Acquisitions and Divestitures

Length: 2 days, 8:30 am -4:30 pm each day
Accreditation: Professional Development Hours (PDHs) = 12.5 Continuing Education Units (CEUs) = 1.25 This course has been applied for American Association of Professional Landmen RLP and CPL Hours, Continuing Legal Education Hours and CPD Hours in many states.

Register for this course:
To register, select the date you would like to attend, click on the appropriate registration fee, enter the number of people attending, then click the Register Online button below. Online registration applies to credit card payments only.

  Dates Location

October 4-5, 2016 Denver Marriott Tech Center; 303-779-1100, 4900 S. Syracuse Street, Denver, CO
$1295.00 Early Registration Fee     Deadline Date : 06 Sep 2016
$1395.00 Single Registration Fee
$995.00 Group Discount (3 or more from same company)

Number of people attending: