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5,416 ratings

Lincoln Pratson

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Oil & Gas Industry Operations and Markets

Duke University

About this Course

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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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

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Approx. 7 hours to complete

English

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Skills you will gain

Energy
Geology
Directional Drilling
Enhanced Oil Recovery

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Approx. 7 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.82/5 (1,460 Ratings)

Lincoln Pratson

Gendell Professor of Energy & Environment

Nicholas School of the Environment

149,721 Learners

2 Courses

Offered by

Duke University

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Syllabus - What you will learn from this course

Content Rating98%(15,585 ratings)

Week1

Week 1

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.

3 hours to complete

16 videos (Total 77 min)

16 videos

Oil and Gas Industry Overview3mOil and Gas Sources2mThe Hydrocarbon System6mWhat Makes for a Good Reservoir Rock3mExploration Tools and Methods3mAquiring Mineral Rights8mThe Drilling Process10mProspect to Play2mProduction Over Time4mEnhanced Oil and Gas Production2mProcessing Natural Gas3mCrude Oil Distilation5mAdditional Refining Processes5mOil Midstream6mNatural Gas Midstream4mLiquified Natural Gas3m

4 practice exercises

Oil and Gas Exploration30mProduction30mProcessing and Refining30mTransport30m

Week2

Week 2

5 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.

5 hours to complete

14 videos (Total 71 min)

14 videos

Cost Components37sWell Drilling and Production Costs5mWell Cost and Revenue Sharing4mWell Cash Flow2mTransport, Processing and Sales Costs6mBenchmark Costs4mSupply, Demand, and Price Elasticity6mSeasonal Impacts on Oil and Gas Prices6mShort-Term Constraints on Prices4mTypes of Prices7mOriginal Oil and Gas in Place4mResources vs. Reserves5mAccess to Conventional Reserves5mAdditional Types of Unconventional Resources5m

3 practice exercises

Oil and Gas Markets - Costs30mOil and Gas Markets - Prices30mOil and Gas Markets - Future of O&G30m

Reviews

4.8

1577 reviews

5 stars
82.22%
4 stars
15.88%
3 stars
1.47%
2 stars
0.14%
1 star
0.25%

TOP REVIEWS FROM OIL & GAS INDUSTRY OPERATIONS AND MARKETS

by AMAug 16, 2020

A short clear course giving an overview of the oil and gas industries with its extraction,operation, distribution and sales.It's a beginner friendly course with clear explanation and a good quiz.

by AAApr 20, 2020

Being my first finished course, I found it very easy to follow. Though I would include one last chapter with some updated information, since many things have changed since it was recorded in 2015

by JOJun 8, 2017

Excellent course, especially for people practicing in the oil and gas industry. Gives you a broader view of various factors that affect operations in the industry. I highly recommend the course.

by MESep 25, 2022

Great course. Gives you an overall view about oil and gas industry from exploring wells, drilling, transporting the raw material, refining and processing, and finally distributing the products.

View all reviews

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
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. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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

Oil & Gas Industry Operations and Markets

About this Course

Skills you will gain