May 19, 2017


Description

Purpose:
The most significant reason for doing economic evaluations is to make wise investment decisions.  This process involves answering three critical questions:

  • What will it cost?
  • What is it worth?
  • Will it earn adequate return on investment?

These questions cannot be answered easily or simply, but require educated forecasting and calculation techniques, which are the subject of this course.

Outline

  1. Introduction
  2. Production Forecasting
  3. Reserve Estimation
  4. Oil and Gas Price Forecasting
  5. Cash Flow
  6. Economic Decision Tools
  7. Risk and Uncertainty
  8. Budgeting and Investment Planning

Featured Speakers

Speaker: Dr. J Roger Hite
Speaker Dr. J Roger Hite
Dr J Roger Hite is a petroleum engineering consultant in Houston.  His consulting firm is Inwood Solutions, LLC.  Dr Hite is also part owner of a production company with property in Louisiana.  He has published a number of papers and articles, primarily on various aspects of EOR management.  He holds …

Dr J Roger Hite is a petroleum engineering consultant in Houston.  His consulting firm is Inwood Solutions, LLC.  Dr Hite is also part owner of a production company with property in Louisiana.  He has published a number of papers and articles, primarily on various aspects of EOR management.  He holds a BS degree in Chemical Engineering from Tulane University and a PhD degree in Chemical Engineering from Princeton University.  Dr Hite is an SPE Distinguished Member and is a recipient of the International Management and Information Award.  He is currently Regional Director for the Gulf Coast North America Region.

Full Description



Organizer

Sunil Lakshminarayanan

E-mail: sunil_lakshminarayanan@oxy.com


Phone: 281-248-1443


Date and Time

Fri, May 19, 2017

8:30 a.m. - 4:30 p.m.
(GMT-0600) US/Central

Event has ended

Location

SPE Houston Training Center

10777 Westheimer, Suite 1075
Houston, Texas 77042