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.
