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
Show info about module content
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
Oil and Gas Industry Markets
Module 2•4 hours to complete
Module details
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
Show info about module content
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
Instructor ratings
We asked all learners to give feedback on our instructors based on the quality of their teaching style.
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.
OK
Explore more from Environmental Science and Sustainability
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."
Learner reviews
4.8
6,626 reviews
5 stars
82.56%
4 stars
15.45%
3 stars
1.47%
2 stars
0.15%
1 star
0.34%
Showing 3 of 6626
E
EO
5·
Reviewed on Nov 17, 2019
This is an awesome introductory course about the latest O&G industry operations and markets. I am truly benefited from this course and I highly recommend everyone to enroll in this course!
D
DD
5·
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!
E
EK
5·
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!
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.
When will I have access to the lectures and assignments?
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. 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.
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.