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Oil & Gas Industry Operations and Markets

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Oil & Gas Industry Operations and Markets

Instructor: Lincoln Pratson

167,911 already enrolled

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2 modules

Gain insight into a topic and learn the fundamentals.

8 hours to complete

Flexible schedule

Learn at your own pace

2 modules

Gain insight into a topic and learn the fundamentals.

8 hours to complete

Flexible schedule

Learn at your own pace

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 videosTotal 77 minutes

Oil and Gas Industry Overview3 minutes
Oil and Gas Sources2 minutes
The Hydrocarbon System6 minutes
What Makes for a Good Reservoir Rock4 minutes
Exploration Tools and Methods4 minutes
Acquiring Mineral Rights8 minutes
The Drilling Process10 minutes
Prospect to Play3 minutes
Production Over Time4 minutes
Enhanced Oil and Gas Production3 minutes
Processing Natural Gas3 minutes
Crude Oil Distilation6 minutes
Additional Refining Processes5 minutes
Oil Midstream6 minutes
Natural Gas Midstream5 minutes
Liquified Natural Gas4 minutes

1 readingTotal 10 minutes

Report a problem with the course10 minutes

4 assignmentsTotal 120 minutes

Oil and Gas Exploration30 minutes
Production30 minutes
Processing and Refining30 minutes
Transport30 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 videosTotal 71 minutes

Cost Components1 minute
Well Drilling and Production Costs5 minutes
Well Cost and Revenue Sharing5 minutes
Well Cash Flow3 minutes
Transport, Processing and Sales Costs7 minutes
Benchmark Costs4 minutes
Supply, Demand, and Price Elasticity6 minutes
Seasonal Impacts on Oil and Gas Prices7 minutes
Short-Term Constraints on Prices5 minutes
Types of Prices7 minutes
Original Oil and Gas in Place5 minutes
Resources vs. Reserves6 minutes
Access to Conventional Reserves6 minutes
Additional Types of Unconventional Resources6 minutes

1 readingTotal 10 minutes

Share your learning experience10 minutes

3 assignmentsTotal 62 minutes

Oil and Gas Markets - Costs30 minutes
Oil and Gas Markets - Prices16 minutes
Oil and Gas Markets - Future of O&G16 minutes

1 peer reviewTotal 120 minutes

Oil and Gas Company Profile120 minutes

Instructor

Lincoln Pratson

Duke University

2 Courses216,825 learners

Offered by

Duke University

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