Evaluation of Oil & Gas Properties For Technical Professionals

This course is an introduction or refresher for the techniques of evaluating Canadian oil and gas properties.

This comprehensive course is an introduction or refresher for the techniques of evaluating Canadian oil and gas properties, but the techniques used in this course also apply to oil and gas properties elsewhere in the world. There is ample opportunity to work problems in class. By the end of this course, participants will be able to evaluate an oil and gas property and interpret evaluations done by others.

Topics Include:

How to estimate oil and gas reserves and forecast production

Forms of ownership and the crown royalty regimes in Western Canada

How to understand and categorize capital and operating costs

How to discount future cash flows and interpret profitability

How to check income tax calculations in evaluations

Using evaluations for investments, acquisitions and divestments

Understanding probability in estimating reserves

Why Attend?

The material in the course is very practical, with many tips and insights in evaluating wells, groups of wells, properties and companies.

Who Should Attend

This course is for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the process and results of evaluating Canadian oil and gas properties.

Primary Instructor:

Cameron Six

Course Outline:

Geology & Geophysics in Evaluations

Reserve & Resource Definitions

Estimating Oil & Gas reserves & Production rates

Introduction to Probabilistic Reserve estimation techniques

Interests & Royalties

Capital & Operating Cost estimation

Income taxes in evaluations

Time value of Money and WACC

Oil & Gas Price forecasts

Profitability indices

Uses of evaluations

Course length:

5 days

Group Discounts

Group discounts are available to groups of 3 or more people from the same company. Please contact Sproule ERCE for more information (admin@sproule-erce.com).

Cancellation Policy

Any registration cancellation requests must be made on or before November 18, 2026, and will be subject to a $250 processing fee.

We reserve the right to cancel the course if minimum registrations levels are not met. As such, please purchase refundable/transferable airfare if you are flying in for this course. Decisions regarding cancellation will occur several weeks before the start date, and registrants will be notified and refunded if the course does not run.

Course Contacts:

For further information about the course contents and registration information, please contact the course administrator, admin@sproule-erce.com or cameron.six@sproule-erce.com.