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Oil & Gas Industry Operations and Markets

Oil & Gas Industry Operations and Markets

Instructor: Lincoln Pratson

165,566 already enrolled

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2 modules

Gain insight into a topic and learn the fundamentals.

6,580 reviews

8 hours to complete

Flexible schedule

Learn at your own pace

98%

Most learners liked this course

2 modules

Gain insight into a topic and learn the fundamentals.

6,580 reviews

8 hours to complete

Flexible schedule

Learn at your own pace

98%

Most learners liked this course

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

7 assignments¹

AI Graded see disclaimer

Taught in English

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There are 2 modules in 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.

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.

What's included

16 videos1 reading4 assignments

16 videos Total 77 minutes

Oil and Gas Industry Overview 3 minutes
Oil and Gas Sources 2 minutes
The Hydrocarbon System 6 minutes
What Makes for a Good Reservoir Rock 4 minutes
Exploration Tools and Methods 4 minutes
Acquiring Mineral Rights 8 minutes
The Drilling Process 10 minutes
Prospect to Play 3 minutes
Production Over Time 4 minutes
Enhanced Oil and Gas Production 3 minutes
Processing Natural Gas 3 minutes
Crude Oil Distilation 6 minutes
Additional Refining Processes 5 minutes
Oil Midstream 6 minutes
Natural Gas Midstream 5 minutes
Liquified Natural Gas 4 minutes

1 reading Total 10 minutes

Report a problem with the course 10 minutes

4 assignments Total 120 minutes

Oil and Gas Exploration 30 minutes
Production 30 minutes
Processing and Refining 30 minutes
Transport 30 minutes

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.

What's included

14 videos1 reading3 assignments1 peer review

14 videos Total 71 minutes

Cost Components 1 minute
Well Drilling and Production Costs 5 minutes
Well Cost and Revenue Sharing 5 minutes
Well Cash Flow 3 minutes
Transport, Processing and Sales Costs 7 minutes
Benchmark Costs 4 minutes
Supply, Demand, and Price Elasticity 6 minutes
Seasonal Impacts on Oil and Gas Prices 7 minutes
Short-Term Constraints on Prices 5 minutes
Types of Prices 7 minutes
Original Oil and Gas in Place 5 minutes
Resources vs. Reserves 6 minutes
Access to Conventional Reserves 6 minutes
Additional Types of Unconventional Resources 6 minutes

1 reading Total 10 minutes

Share your learning experience 10 minutes

3 assignments Total 62 minutes

Oil and Gas Markets - Costs 30 minutes
Oil and Gas Markets - Prices 16 minutes
Oil and Gas Markets - Future of O&G 16 minutes

1 peer review Total 120 minutes

Oil and Gas Company Profile 120 minutes

Instructor

Instructor ratings

(1,916 ratings)

Lincoln Pratson

Duke University

2 Courses 213,822 learners

Offered by

Duke University

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Reviewed on May 13, 2019

Very rich and informative course. This course provides an exhaustive introduction towards the Oil and Gas market, it covers all the factors and parameters with great detail. Enjoyed it thoroughly!

Reviewed on May 29, 2020

I am working professional in refinery sector . This course help me to learn more about exploration , production and transportation. It also helped me to brush up my knowledge in refinery sector.

Reviewed on May 4, 2020

It was simply excellent! Very clear and comprehensive. Really gave a good overview of the oil and gas sector. The professor's voice was also very clear. He was well spoken. I learned a lot. Thank you!

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Frequently asked questions

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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When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.