This 2-day course will teach participants how to identify, evaluate, and quantify risk and uncertainty in every day oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The course also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Other topics include:
- Strength and weakness of traditional econometric analysis methods
- The efficient market hypothesis and its application to oil and gas price forecasting
- Proven volatility/uncertainty reduction methods and tools for the operational side of business
- How to scientifically and statistically incorporate differing perspectives
- Ways to develop a revenue forecast that takes the uncertainties into account
- Portfolio design and management
This course targets producers and operators with oilfield experience.
Why You Should Attend
This course will help you develop a better understanding of factors that could impact your daily economic decisions as well as establish a new set of applicable tools to use in your professional career.
Who Should Attend
This course is for professionals involved with economic evaluations, forecasting, and economic decisions in the upstream oil and gas business. It targets producers and operators with oilfield experience.