May 15, 2008


Description

Exploration and Production projects in the oil and gas industry are becoming ever more capital-intensive and technologically complex. Since these projects are typically of long-horizon and require very large investments early on, the role of price forecasting and embedded options in the projects is becoming very important. This presentation will analyze the long- versus short-term trends in oil & gas prices and their influence on the real options embedded in E&P projects. Through business case-studies and examples, we will provide a framework for valuing these options and highlight best practices for project evaluation in the oil &gas industry.   


Featured Speakers

Speaker Dr. Praveen Kumar
Professor and Chair University of Houston Dr. Praveen Kumar is the Texas Commerce Bank/Tenneco Professor and Chair, Department of Finance in the C.T. Bauer College of Business at the University of Houston. He is also the Co-founder and Executive Director of the Global Energy Management Institute at the University of ...

Professor and Chair
University of Houston

Dr. Praveen Kumar is the Texas Commerce Bank/Tenneco Professor and Chair, Department of Finance in the C.T. Bauer College of Business at the University of Houston. He is also the Co-founder and Executive Director of the Global Energy Management Institute at the University of Houston.


Professor Kumar received the A.B. and M.P.A degrees from Princeton University and the Ph.D. in Economics from Stanford University. Prior to joining the UH faculty in 1996, Professor Kumar served on the faculty of the Tepper School of Management at Carnegie Mellon University. Professor Kumar's teaching interests include corporate finance and risk-management, real options and project evaluation in the energy industry, security pricing, and trading and market microstructure. He is the recipient of the University of Houston Teaching Excellence Award and the Award for Excellence in the Classroom from Carnegie-Mellon University.


Dr. Kumar has published widely in top finance, economic, and management journals such as the Journal of Finance, Review of Financial Studies, American Economic Review, Management Science, and Strategic Management Journal. His research interests focus on the role of information in financial markets, organizations, and trading; executive compensation and corporate governance; payout policy; and, competitive strategy and industrial organization. His research has been discussed in major business publications like Business Week, Wall Street Journal, and Financial Times. He has received numerous awards for the research such as the Chicago Board of Trade Award for the Best Paper in Options and Futures at the Western Finance Association Meeting. He was also the runner-up for the Merton Miller Award for the best paper in the Journal of Business, and a nominee for the Smith-Breeden Award for the best paper in the Journal of Finance.


Professor Kumar has taken a leading academic role in the establishment of the Global Energy Management Institute at the Bauer College of Business. He has also consulted widely with major investment banks, energy corporations, and international lending institutions.


 


 


Full Description



Organizer

David Flores


Date and Time

Thu, May 15, 2008

11:30 a.m. - 1 p.m.
(GMT-0500) US/Central

Event has ended

If you do not have a full-time job in the oil and gas industry, are a full-time student or Member in Transition (MiT) member, and you do not see a discounted registration fee for students/MiT regarding this event, please contact the GCS manager at spe-gcs@spe.org.


Location

Greenspoint Club

16925 NorthChase Dr
Houston, Texas 77060