Oil & Gas Industry Operations and Markets

Duke University

About this Course

The oil and gas industry has an enormous impact on all aspects of daily life. Individuals, corporations, and national governments make financial and policy decisions based on the cost, use, and availability of these two natural resources. This two-week course looks at the two most fundamental aspects of the oil and gas industry, its operations and markets, each of which is addressed as a separate module in the course. In the operations module, the course provides an overview of the production of oil and gas, from initial exploration to final transport. The second module focuses on the forces that drive the industry's operations, the oil and gas markets, including the cost of wells, seasonal impacts on prices, and the role of oil reserves. After every lesson, learners will take short quizzes to test their newly acquired knowledge, participant in crowd-sourced discussions about global markets, and complete a final project.

100% online course

Start instantly and learn at your own schedule.

Approx. 11 hours to complete

Suggested: 2 Weeks, 3 - 5 Hours Per Week

English

Subtitles: English, Vietnamese

Skills you will gain

Enhanced Oil RecoveryGeologyDirectional DrillingGeophysical Data

100% online course

Start instantly and learn at your own schedule.

Approx. 11 hours to complete

Suggested: 2 Weeks, 3 - 5 Hours Per Week

English

Subtitles: English, Vietnamese

Syllabus - What you will learn from this course

1

Section

3 hours to complete

Oil and Gas Operations and Technology

In this module, you will learn about the core activities that the Oil and Gas Industry executes to bring natural gas and petroleum products to market. We will look at the exploration and production of oil and gas, the processing and refining of the oil and gas into useable fuels and other valuable commodities, and finally the transport of oil, gas, and petroleum products from wells to refineries to retail outlets....

16 videos (Total 77 min), 1 reading, 4 quizzes

16 videos

Oil and Gas Industry Overview3m

Oil and Gas Sources2m

The Hydrocarbon System6m

What Makes for a Good Reservoir Rock3m

Exploration Tools and Methods3m

Aquiring Mineral Rights8m

The Drilling Process10m

Prospect to Play2m

Production Over Time4m

Enhanced Oil and Gas Production2m

Processing Natural Gas3m

Crude Oil Distilation5m

Additional Refining Processes5m

Oil Midstream6m

Natural Gas Midstream4m

Liquified Natural Gas3m

1 readings

Module feedback10m

4 practice exercises

Oil and Gas Exploration18m

Production16m

Processing and Refining16m

Transport16m

2

Section

4 hours to complete

Oil and Gas Industry Markets

In this second module, the course shifts to the markets that drive Oil and Gas Industry operations. You will learn about the various costs of the core oil and gas industry activities, the factors that determine the prices that oil, gas and petroleum products sell for, and the effect that the amount of oil and gas remaining in the ground has on the future viability of individual companies to the Industry as a whole....

14 videos (Total 71 min), 1 reading, 4 quizzes

14 videos

Cost Components0m

Well Drilling and Production Costs5m

Well Cost and Revenue Sharing4m

Well Cash Flow2m

Transport, Processing and Sales Costs6m

Benchmark Costs4m

Supply, Demand, and Price Elasticity6m

Seasonal Impacts on Oil and Gas Prices6m

Short-Term Constraints on Prices4m

Types of Prices7m

Original Oil and Gas in Place4m

Resources vs. Reserves5m

Access to Conventional Reserves5m

Additional Types of Unconventional Resources5m

1 readings

Module feedback10m

3 practice exercises

Oil and Gas Markets - Costs16m

Oil and Gas Markets - Prices16m

Oil and Gas Markets - Future of O&G16m

Instructor

Lincoln Pratson

Gendell Professor of Energy & Environment

About Duke University

Duke University has about 13,000 undergraduate and graduate students and a world-class faculty helping to expand the frontiers of knowledge. The university has a strong commitment to applying knowledge in service to society, both near its North Carolina campus and around the world....

Frequently Asked Questions

When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I pay for this course?
If you pay for this course, you will have access to all of the features and content you need to earn a Course Certificate. If you complete the course successfully, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. Note that the Course Certificate does not represent official academic credit from the partner institution offering the course.
What is the refund policy?
Is financial aid available?
Yes! Coursera provides financial aid to learners who would like to complete a course but cannot afford the course fee. To apply for aid, select "Learn more and apply" in the Financial Aid section below the "Enroll" button. You'll be prompted to complete a simple application; no other paperwork is required.
Will I receive a transcript from Duke University for completing this course?
No. Completion of a Coursera course does not earn you academic credit from Duke; therefore, Duke is not able to provide you with a university transcript. However, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

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Oil & Gas Industry Operations and Markets